Integrated Investment Consultants Lowers stake in Ritchie Bros. Auctioneers (USA) (RBA)

Ritchie Bros. Auctioneers (USA) (RBA) : Integrated Investment Consultants reduced its stake in Ritchie Bros. Auctioneers (USA) by 2.07% during the most recent quarter end. The investment management company now holds a total of 2,889 shares of Ritchie Bros. Auctioneers (USA) which is valued at $102,444 after selling 61 shares in Ritchie Bros. Auctioneers (USA) , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Ritchie Bros. Auctioneers (USA) makes up approximately 0.05% of Integrated Investment Consultants’s portfolio.

Other Hedge Funds, Including , Fox Run Management L.l.c. sold out all of its stake in RBA during the most recent quarter. The investment firm sold 7,700 shares of RBA which is valued $274,043.Eagle Asset Management Inc boosted its stake in RBA in the latest quarter, The investment management firm added 911,050 additional shares and now holds a total of 1,039,945 shares of Ritchie Bros. Auctioneers (USA) which is valued at $37,011,643. Ritchie Bros. Auctioneers (USA) makes up approx 0.26% of Eagle Asset Management Inc’s portfolio.Cutler Group Lp boosted its stake in RBA in the latest quarter, The investment management firm added 6,976 additional shares and now holds a total of 8,131 shares of Ritchie Bros. Auctioneers (USA) which is valued at $291,740. Ritchie Bros. Auctioneers (USA) makes up approx 0.02% of Cutler Group Lp’s portfolio. Simplex Trading sold out all of its stake in RBA during the most recent quarter. The investment firm sold 3,511 shares of RBA which is valued $123,482.

Ritchie Bros. Auctioneers (USA) closed down -0.05 points or -0.14% at $35.46 with 4,46,768 shares getting traded on Friday. Post opening the session at $35.67, the shares hit an intraday low of $35.44 and an intraday high of $35.83 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Ritchie Bros. Auctioneers (USA) reported $0.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.44. The company had revenue of $158.80 million for the quarter, compared to analysts expectations of $160.50 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Ritchie Bros. Auctioneers (USA). Ritchie Bros. Auctioneers (USA) was Upgraded by BofA/Merrill to ” Neutral” on Aug 31, 2016. Company shares were Reiterated by RBC Capital Mkts on Aug 31, 2016 to “Outperform”, Firm has raised the Price Target to $ 40 from a previous price target of $32 .Macquarie Initiated Ritchie Bros. Auctioneers (USA) on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $34.

Ritchie Bros. Auctioneers Incorporated is an auctioneer of industrial equipment. The Company is engaged in providing unreserved auction services to equipment buyers and sellers. Ritchie Bros. focuses on the sale of heavy machinery. The Company operates through two segments: Core Auction segment and EquipmentOne segment. Core Auction segment offers a network of auction locations that conduct live unreserved auctions with both on-site and online bidding. EquipmentOne segment is a secure online marketplace that facilitates private equipment transactions. The Company sells equipment through unreserved auctions at around 44 auction sites around the world. Through the Company’s unreserved auctions and online marketplaces it sells a range of used and unused industrial assets including equipment trucks and other assets used in the construction transportation agricultural material handling mining forestry energy and marine industries.

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