Yesterday, the Divisional President of Ritchie Bros (RBA), James J Jeter, sold shares of RBA for $303.2K.
Following James J Jeter’s last RBA Sell transaction on November 20, 2020, the stock climbed by 3.9%. In addition to James J Jeter, 3 other RBA executives reported Sell trades in the last month.
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Based on Ritchie Bros’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $332 million and quarterly net profit of $45.39 million. In comparison, last year the company earned revenue of $290 million and had a net profit of $25.27 million. The company has a one-year high of $78.64 and a one-year low of $25.92. Currently, Ritchie Bros has an average volume of 644.69K.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $73.33, reflecting a -4.4% downside.
The insider sentiment on Ritchie Bros has been negative according to 105 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Ritchie Bros. Auctioneers, Inc. is an industrial auctioneer, which engages in the sale of equipment to on-site and online bidders. It operates through the following segments: Auctions and Marketplaces, Ritchie Bros. Financial Services and Mascus. The Auctions and Marketplaces segment consists of live on site auctions, online auctions and marketplaces, and brokerage service. The Ritchie Bros. Financial Services segment refers to the financial brokerage service. The Mascus segment includes online listing service. The company was founded by David Edward Ritchie in 1958 and is headquartered in Burnaby, Canada.
