Yesterday, the Non-Executive of Ritchie Bros (RBA), Christopher Zimmerman, sold shares of RBA for $417.7K.
Following Christopher Zimmerman’s last RBA Sell transaction on March 14, 2012, the stock climbed by 45.3%. This is Zimmerman’s first Sell trade following 4 Buy transactions.
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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 699.99K.
Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $70.50, reflecting a -6.8% downside.
The insider sentiment on Ritchie Bros has been negative according to 91 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Christopher Zimmerman’s trades have generated a 6.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
