Tompkins Financial Corp lessened its holdings in shares of Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) by 25.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,226 shares of the business services provider’s stock after selling 419 shares during the quarter. Tompkins Financial Corp’s holdings in Ritchie Bros. Auctioneers were worth $50,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of RBA. Private Capital Group LLC increased its position in Ritchie Bros. Auctioneers by 109.5% during the 1st quarter. Private Capital Group LLC now owns 991 shares of the business services provider’s stock valued at $34,000 after buying an additional 518 shares in the last quarter. Gulf International Bank UK Ltd bought a new position in shares of Ritchie Bros. Auctioneers during the 2nd quarter valued at about $101,000. Endurance Wealth Management Inc. purchased a new position in shares of Ritchie Bros. Auctioneers during the first quarter valued at about $156,000. CFM Wealth Partners LLC bought a new stake in shares of Ritchie Bros. Auctioneers in the first quarter worth about $173,000. Finally, FDx Advisors Inc. bought a new stake in shares of Ritchie Bros. Auctioneers in the second quarter worth about $206,000. 89.84% of the stock is owned by institutional investors.

In related news, insider James J. Jeter sold 7,289 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $41.50, for a total transaction of $302,493.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kieran Colquhoun Holm sold 13,026 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $41.60, for a total transaction of $541,881.60. Following the sale, the senior vice president now directly owns 12,091 shares of the company’s stock, valued at approximately $502,985.60. The disclosure for this sale can be found here. In the last three months, insiders sold 82,282 shares of company stock worth $3,515,136. 0.83% of the stock is owned by insiders.

NYSE RBA opened at $46.28 on Friday. The stock has a market cap of $5.01 billion, a PE ratio of 33.06, a PEG ratio of 5.30 and a beta of 0.92. Ritchie Bros. Auctioneers Inc has a 12 month low of $25.92 and a 12 month high of $46.38. The company’s 50-day moving average price is $41.46 and its 200-day moving average price is $40.69. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.73.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $273.30 million during the quarter, compared to analysts’ expectations of $302.20 million. Ritchie Bros. Auctioneers had a net margin of 11.93% and a return on equity of 17.51%. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 EPS. As a group, sell-side analysts forecast that Ritchie Bros. Auctioneers Inc will post 1.25 earnings per share for the current year.

Several brokerages recently weighed in on RBA. OTR Global upgraded shares of Ritchie Bros. Auctioneers to a “positive” rating in a research report on Monday, April 27th. National Bank Financial lowered Ritchie Bros. Auctioneers from a “sector perform” rating to an “underperform” rating and set a $37.00 price target for the company. in a research report on Wednesday, June 10th. Barrington Research restated a “buy” rating and set a $42.50 price objective on shares of Ritchie Bros. Auctioneers in a research report on Monday, May 4th. TD Securities raised their price objective on Ritchie Bros. Auctioneers from $36.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, May 11th. Finally, Zacks Investment Research raised Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Ritchie Bros. Auctioneers presently has a consensus rating of “Hold” and a consensus price target of $43.06.

Ritchie Bros. Auctioneers Profile

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site auctions, online marketplaces, listing services, and private brokerage services. The company sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery.

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Institutional Ownership by Quarter for Ritchie Bros. Auctioneers (NYSE:RBA)

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