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RBA Ritchie Bros Auctioneers

Established in 1958, Ritchie Bros. is a global asset management and disposition company, oQering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer o ers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing the exclusive IronClad Assurance® equipment condition certi cation; Marketplace-E, a controlled marketplace o ering multiple price and timing options; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty o ering privately negotiated sales. The company's suite of multichannel sales solutions also includes Ritchie Bros. Asset Solutions, a complete end-to-end asset management and disposition system. Ritchie Bros. also o ers sector-speciGc solutions including GovPlanet, TruckPlanet, and Kruse Energy, plus equipment Snancing and leasing through Ritchie Bros. Financial Services.

RBA stock data

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Calendar

10 May 21
31 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Jun 21 Adam DeWitt Dividend Equivalent Rights (DSUs) Common Shares Grant Aquire A No No 0 6 0 12
16 Jun 21 Briscoe Beverley Anne Dividend Equivalent Rights (DSUs) Common Shares Grant Aquire A No No 0 160 0 3,747
16 Jun 21 Elton Robert George Dividend Equivalent Rights (DSUs) Common Shares Grant Aquire A No No 0 87 0 2,029
16 Jun 21 Fennell J Kim Dividend Equivalent Rights (DSUs) Common Shares Grant Aquire A No No 0 35 0 339
16 Jun 21 Olsson Erik Dividend Equivalent Rights (DSUs) Common Shares Grant Aquire A No No 0 80 0 1,532

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

82.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 256 277 -7.6%
Opened positions 36 45 -20.0%
Closed positions 57 34 +67.6%
Increased positions 127 98 +29.6%
Reduced positions 70 101 -30.7%
13F shares
Current Prev Q Change
Total value 5.33B 6.19B -13.8%
Total shares 90.64M 89.08M +1.7%
Total puts 61.8K 92.1K -32.9%
Total calls 396.6K 754.3K -47.4%
Total put/call ratio 0.2 0.1 +27.6%
Largest owners
Shares Value Change
Massachusetts Financial Services 12.16M $711.99M +13.2%
JHG Janus Henderson 6.29M $368.29M +0.5%
ArrowMark Colorado 5.41M $316.89M +24.2%
Riverbridge Partners 4.5M $263.28M +19.5%
William Blair Investment Management 4M $234.45M +0.6%
IVZ Invesco 3.6M $210.91M +266.7%
Eagle Asset Management 3.56M $215.56M +22.8%
Vanguard 3.37M $197.24M +4.0%
Baillie Gifford & Co 3.21M $188.13M -55.7%
Luxor Capital 2.71M $158.83M -21.0%
Largest transactions
Shares Bought/sold Change
Baillie Gifford & Co 3.21M -4.05M -55.7%
IVZ Invesco 3.6M +2.62M +266.7%
Carillon Tower Advisers 0 -2.33M EXIT
Champlain Investment Partners 2.39M +1.64M +218.9%
Vontobel Asset Management 1.59M +1.59M NEW
FIL 310.55K -1.55M -83.3%
Massachusetts Financial Services 12.16M +1.41M +13.2%
Norges Bank 0 -1.2M EXIT
Mondrian Investment Partners 1.5M +1.06M +235.7%
ArrowMark Colorado 5.41M +1.06M +24.2%

Financial report summary

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Risks
  • Damage to our reputation could harm our business.
  • Failure to maintain safe sites could materially affect our business and reputation.
  • Our business is subject to the risks of operating internationally.
  • Our operating results are subject to quarterly variations.
  • Certain global conditions may affect our ability to conduct successful events.
  • U.S. civil liabilities may not be enforceable against us, our directors, or our officers.
  • Our debt instruments have restrictive covenants that could limit our financial flexibility.
  • Uncertainty regarding LIBOR may adversely impact our indebtedness under our credit and loan facilities.
  • Our relationships with key long-term customers may be materially diminished or terminated.
Management Discussion
  • Total GTV increased 11% to $1.3 billion and increased 8% when excluding the impact of foreign exchange in Q1 2021. GTV volumes rose partly due to significant auction calendar shifts from the delay in auctions in prior year from the impact of COVID-19 which included (1) Montreal, Canada, (2) Los Angeles, US and (3) Caorso, Italy, which were offset by lower volumes at the Las Vegas, US auction partly impacted by the non-repeat of a large North American trade show occurring at the same time, and the non-repeat of a collector car event. In addition, all regions experienced very strong auction price performance due to high demand for used equipment, in part aided by our digital marketing efforts. In Canada, we saw strong results in the Canadian agricultural market, and in the US we benefited from combining several regional events. We also saw positive year-over-year performance in International as a result of a soft prior quarter in Europe due to the direct impact of COVID-19 and early benefits from the use of new test satellite yards in France, Germany and Australia. These were partially offset by lower volumes realized at the Orlando, US auction due to a dynamic supply environment.
Content analysis
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