Granite Investment Partners LLC now owns 55,499 shares of the business services provider's stock worth $1,826,000 after buying an additional 26,063 shares during the last quarter. Alliancebernstein L.P.'s holdings in Ritchie Bros.
Invesco Ltd decreased Owens Ill Inc (OI) stake by 81.47% reported in 2016Q4 SEC filing.
A number of other research analysts have also weighed in on the company. The rating was maintained by RBC Capital Markets on Tuesday, January 12 with "Outperform". The stock declined 0.24% or $0.24 reaching $101.04 per share. Macquarie Research initiated Ritchie Bros. Auctioneers by 3.8% in the second quarter. MA now owns 3,498,984 shares of the business services provider's stock valued at $115,116,000 after buying an additional 1,271,836 shares during the last quarter. CGOV Asset Management boosted its position in Ritchie Bros. Auctioneers by 10.9% in the fourth quarter. World Asset Management Inc now owns 6,613 shares of the business services provider's stock worth $218,000 after buying an additional 43 shares during the period. Sei Investments Co. increased its stake in Ritchie Bros. As of quarter end Tobam had acquired 10,500 shares growing its position 9.1%. Comerica Bank now owns 6,693 shares of the business services provider's stock worth $220,000 after buying an additional 659 shares during the last quarter.
Nicholas Company Inc increased Ritchie Bros. Institutional investors and hedge funds own 97.26% of the company's stock. The value of the total investment in Ritchie Bros.
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The company is up from yesterday's close of $27.26. The stock closed its last trade at the price of $29.64, while exchanging hands with the volume of 2781753 shares contrast to its average daily volume of 669.66K shares. The company has market cap of $3.27 billion. The 50 day moving average was down $-1.42 or -4.96% and the 200 day average moved down $-3.76.
Neuberger Berman Group LLC decreased its stake in Ritchie Bros. The business services provider reported $0.33 EPS for the quarter, topping the Zacks' consensus estimate of $0.32 by $0.01. Ritchie Bros. Auctioneers's dividend payout ratio (DPR) is 100.00%. The business had revenue of $166.20 million for the quarter, compared to analyst estimates of $161.85 million. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts anticipate that Ritchie Bros. As of the latest earnings report the EPS was $0.68 and is expected to be $1.05 for the current year with 106,985,000 shares now outstanding.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a $0.17 dividend. As per Wednesday, August 12, the company rating was upgraded by Canaccord Genuity. The dividend yield was $2.48. Can increased its stake in Ritchie Bros. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of global copyright & trademark legislation.
Several equities research analysts have issued reports on the company. The stock has "Outperform" rating by RBC Capital Markets on Wednesday, August 31. Royal Bank Of Canada lowered their price target on shares of Ritchie Bros. Auctioneers from C$37.50 to C$33.50 and set a "market perform" rating on the stock in a research report on Monday, May 8th. Ritchie Bros. Auctioneers traded as low as $27.10 and last traded at $27.90, with a volume of 2,200,962 shares. TheStreet cut shares of Ritchie Bros. Jefferies Group LLC restated a "hold" rating and issued a $29.00 price target (down previously from $32.00) on shares of Ritchie Bros. Auctioneers in a report on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company's stock. The firm has "Buy" rating by RBC Capital Markets given on Tuesday, August 8.