Company shares are trading at $30.48 which is marginally over $28.90, the stock’s 50 day moving average and marginally over the 200 day moving average of $30.19. The 50 day moving average was up by +5.46% and the 200 day average was up $0.29. Ritchie Bros. Auctioneers Incor shares had a trading volume of 244K by the end of trading on Wednesday. Shares saw a steep decrease in trading volume of 53.26% under the normal average daily volume.
Traders are feeling more bearish on shares of the company looking at the change in short interest. The stock recorded a rise in short interest of 5.30% as of August 31, 2017 from the last reporting period. Short interest increased 523,505 over that timeframe. The short-interest ratio increased to 19.0 and the short interest percentage is 0.10% as of August 31.
Ritchie Bros. Auctioneers Incor (NYSE:RBA) has been the object of insider buying activity recently. CFO Sharon Ruth Driscoll purchased 1,375 shares at an average price of $29.77 on Thu the 7th. Driscoll now owns $40,934 of stock as recorded in a recent Form 4 SEC filing. CFO Sharon Ruth Driscoll bought 1,000 shares at an average price of $28.59 on Fri the 25th. That brings Driscoll’s holdings to $28,590 per an SEC filing yesterday.
A few notable investment firms have updated their holdings. As of quarter end Janus Capital Management LLC had acquired a total of 1,230 shares growing its stake by 0.0%. The value in dollars decreased from $210,664,000 to $203,889,000 a change of 3.2% since the last quarter. As of the end of the quarter Edge Asset Management, Inc had bought 3,000 shares growing its position 2.2%. The value of the investment in (RBA) went from $4,658,000 to $4,607,000 a change of $51,000 quarter over quarter.
Ubs Group Ag cut its position by selling 1,037 shares a decrease of 37.8%. Ubs Group Ag currently owns 1,705 shares worth $49,000. The value of the position overall is down by 45.6%. As of quarter end Bronfman E.l. Rothschild, L.p. had acquired a total of 380 shares growing its holdings by 83.2%. The value of the company’s investment in Ritchie Bros. Auctioneers Incor increased from $15,000 to $24,000 increasing 60.0% for the reporting period.
The company is now down since yesterday’s close of 30.52. Additionally Ritchie Bros. Auctioneers Incor recently announced a dividend for shareholders which was paid on Tuesday the 13th of June 2017. The dividend payment was $0.170 per share for the quarter which comes to $0.68 on an annualized basis. The dividend yield was $2.24. The ex-dividend date was set for Wednesday the 23rd of August 2017.
The most current P/E ratio is 65.97 and market capitalization is 3.26B. As of the latest earnings report the EPS was $0.46 and is estimated to be $0.82 for the current year with 107,101,000 shares outstanding. Next quarter’s EPS is estimated at $0.23 and the next full year EPS is anticipated to be $1.16.
Ritchie Bros. Auctioneers Incorporated (Ritchie Bros.), launched on December 12, 1997, is a holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. The Business’s segments 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 the Business’s EquipmentOne and Mascus International Holding B.V. (Mascus) online services. EquipmentOne is an online marketplace that equipment sellers can navigate independently. EquipmentOne facilitates the completion of sales through a settlement process managed by EquipmentOne that protects both the seller and the buyer. Mascus is an online equipment listing service for used heavy machinery and trucks. Mascus offers subscriptions to equipment dealers, brokers, exporters and equipment manufacturers to list equipment available for sale at a listed price. The Company, through Mascus, provides online advertising services, business tools and solutions to various equipment dealerships and equipment manufacturers. The Company sells industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine and real estate industries at its unreserved auctions and online marketplaces..