Ritchie Bros. Auctioneers (USA) (RBA) : Royce Associates Lp reduced its stake in Ritchie Bros. Auctioneers (USA) by 16.52% during the most recent quarter end. The investment management company now holds a total of 5,522,710 shares of Ritchie Bros. Auctioneers (USA) which is valued at $174 Million after selling 1,092,788 shares in Ritchie Bros. Auctioneers (USA) , the firm said in a disclosure report filed with the SEC on May 11, 2016.Ritchie Bros. Auctioneers (USA) makes up approximately 1.12% of Royce Associates Lp’s portfolio.
Other Hedge Funds, Including , Trexquant Investment Lp sold out all of its stake in RBA during the most recent quarter. The investment firm sold 15,389 shares of RBA which is valued $484,907.Copeland Capital Management reduced its stake in RBA by selling 8,725 shares or 1.57% in the most recent quarter. The Hedge Fund company now holds 545,540 shares of RBA which is valued at $17.2 Million. Ritchie Bros. Auctioneers (USA) makes up approx 1.21% of Copeland Capital Management’s portfolio.Glenmede Trust Co Na reduced its stake in RBA by selling 141 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 18,200 shares of RBA which is valued at $522,158. Bar Harbor Trust Services added RBA to its portfolio by purchasing 132,555 company shares during the most recent quarter which is valued at $3.8 Million. Ritchie Bros. Auctioneers (USA) makes up approx 2.17% of Bar Harbor Trust Services’s portfolio.
Ritchie Bros. Auctioneers (USA) opened for trading at $31.5 and hit $32.06 on the upside on Monday, eventually ending the session at $31.97, with a gain of 1.46% or 0.46 points. The heightened volatility saw the trading volume jump to 3,34,002 shares. Company has a market cap of $3,392 M.
On the company’s financial health, Ritchie Bros. Auctioneers (USA) reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.21. The company had revenue of $131.90 million for the quarter, compared to analysts expectations of $116.20 million. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.
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 Companys 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.