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Monday, January 30, 2023

Value Investing Philosophy And Ritchie Bros. Auctioneers Incorporated (NYSE: RBA)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Ritchie Bros. Auctioneers Incorporated (RBA) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.85, or -3.41%, to $52.41. The Ritchie Bros. Auctioneers Incorporated has recorded 9,996 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Ritchie Bros.’ Ann Fandozzi recognized as CEO Innovator of the Year by the Globe & Mail.


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Stocks Info

RBA belongs to the Industrials sector of the NYSE while operating in the Specialty Business Services industry. At the end of the last regular session, the stock closed at $54.26 and fluctuated between $55.06 as its day high and $54.05 as its day low. The current market capitalization of Ritchie Bros. Auctioneers Incorporated is $6.12B. A total of 0.84 million shares were traded on the day, compared to an average of 850.40K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, RBA has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 47 BUYs and 12 SELLs from insiders. Insiders purchased 140,959 shares during that period but sold 31,261.

In the most recent transaction, JETER JAMES J sold 2,100 shares of RBA for 61.73 per share on May 13. After the transaction, the Chief Customer Advoc. Officer now owns 20,764 company shares. In a previous transaction on May 13, Watt Darren Jeffrey sold 3,500 shares at 61.69 per share. RBA shares that Gen. Counsel & Corp. Secretary owns now total 0.

Among the insiders who sold shares, Watt Darren Jeffrey disposed of 400 shares on May 12 at a per-share price of $58.21. This resulted in the Gen. Counsel & Corp. Secretary holding 1,846 shares of RBA after the transaction. In another insider transaction, ACKLEY MATTHEW sold 1,500 shares at $58.00 per share on May 12. Company shares held by the Chief Marketing Officer now total 0.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Ritchie Bros. Auctioneers Incorporated pays an annual dividend of $1.08, resulting in a dividend yield of 1.99%, and it has a price to earnings (P/E) ratio of 19.88. RBA’s most recent ex-dividend date was 11/22/2022 when it declared a $0.27 quarterly dividend that was paid in cash on 12/14/2022. Previously, the company paid the dividend on 9/14/2022 with an ex-dividend date of 8/23/2022. The RBA stock dividend was $0.27 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for RBA in the last 3 months, the mean price target is $60.57 with high estimates of $70.00 and low estimates of $55.00. In terms of 52-week highs and lows, RBA has a high of $72.73 and a low of $48.65.

As of this writing, RBA has an earnings estimate of $0.49 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.56 per share and a lower estimate of $0.43. The company reported an EPS of $2.07 in the last quarter, which was 613.80% higher than expectations of $0.29.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RBA is Hold with a score of 3.71. A total of 3 analysts rated the stock as Buy while 1 rated it as Overweight while 5 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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