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Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Under Analyst Spotlight

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Under Analyst Spotlight”

The Company, through Mascus, provides online advertising services, business tools and solutions. In terms of a technical look around Ritchie Bros. Institutional investors and hedge funds own 97.26% of the company's stock. Wrapmanager Inc. acquired a new stake in Ritchie Bros. Auctioneers by 150.2% in the first quarter. This price movement gives investors an idea of how much the stock price has moved in the a year ago and whether it is trading near the top, middle or bottom of the range. Finally, Great West Life Assurance Co. The total value of its holdings decreased 2.2%. Bahl & Gaynor Inc now controls 18,950 shares valued at $545,000. Geneva Advisors LLC increased its stake in shares of Ritchie Bros. The Intact Investment Management Inc holds 101,000 shares with $4.57M value, down from 126,700 last quarter. MA now owns 3,498,984 shares of the business services provider's stock worth $115,116,000 after buying an additional 1,271,836 shares during the period. Canada Pension Plan Investment Board now owns 223,700 shares of the business services provider's stock worth $7,342,000 after buying an additional 50,000 shares in the last quarter. Mondrian Investment Partners LTD now owns 2,209,890 shares of the business services provider's stock valued at $96,727,000 after buying an additional 296,609 shares during the last quarter. The rating was maintained by RBC Capital Markets with "Buy" on Tuesday, August 8. Auctioneers by 19.8% in the first quarter.

ILLEGAL ACTIVITY NOTICE: "Bank of New York Mellon Corp Has $1.68 Million Stake in Ritchie Bros". MA raised its stake in Ritchie Bros. The company has a 50 day moving average price of $28.30 and a 200-day moving average price of $30.91.

Among 11 analysts covering Ritchie Bros. Intact Investment Management Inc sold 25,700 shares as Ritchie Bros Auctioneers (RBA)'s stock rose 0.87%. The business services provider reported $0.33 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.32 by $0.01. The company rocked its 52-Week High of $39.96 and touched its 52-Week Low of $26.68. The company beat the analyst EPS Estimate with the difference of $0.03. 489,148 shares of the company's stock traded hands. The firm's revenue was up 4.7% compared to the same quarter past year. During the same quarter previous year, the company earned $0.37 EPS.

A number of other brokerages also recently commented on RBA. This represents a $0.68 annualized dividend and a yield of 2.50%.

More notable recent Cooper-Standard Holdings Inc (NYSE:CPS) news were published by: Prnewswire.com which released: "Dr. Molly P. Zhang Joins Cooper Standard Board of Directors" on May 18, 2017, also Prnewswire.com with their article: "Cooper Standard to Host Conference Call on May 3 to Discuss First Quarter 2017 ..." published on April 17, 2017, Prnewswire.com published: "Cooper Standard Reports Record Sales, Strong Net Income and Record Adjusted EBITDA" on August 03, 2017. Ritchie Bros. Auctioneers's dividend payout ratio is now 144.68%. Can increased its stake in Ritchie Bros. Auctioneers Incorporated giving the company a "outperform" rating.

COPYRIGHT VIOLATION WARNING: This report was first reported by BBNS and is the sole property of of BBNS. Auctioneers Incorporated Earnings, with 10 analysts believing the company would generate an Average Estimate of $0.22. It turned negative, as 29 investors sold Sears Holdings Corp shares while 32 reduced holdings. Finally, TD Securities cut their target price on Ritchie Bros. RBC Capital Markets maintained it with "Outperform" rating and $40 target in Wednesday, August 31 report. Jefferies Group LLC reissued a hold rating and issued a $29.00 price objective on shares of Ritchie Bros. National Bank Financial restated a sector perform under weight rating on shares of Ritchie Bros.

The consensus recommendation, according to Zacks Investment research, is 2.58. Auctioneers Incorporated had its "hold" rating reiterated by analysts at Jefferies. Royal Bank Of Canada reduced their price objective on Ritchie Bros. The Texas-based Afam Capital Inc. has invested 0.44% in the stock. Macquarie Research initiated Ritchie Bros. The stock has "Buy" rating by BTIG Research on Friday, May 26. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock now has an average rating of "Hold" and an average price target of $33.46. The Company's divisions include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V. online services.



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