LONDON, UK / ACCESSWIRE / December 18, 2017 / Active-Investors issued a free report on Ritchie Bros. Auctioneers Inc. (NYSE: RBA) ("Ritchie Bros."), which is readily accessible upon registration at www.active-investors.com/registration-sg/?symbol=RBA as the Company's latest news hit the wire. On December 15, 2017, the Company, which is a leading asset management and disposition organization that offers end-to-end solutions for buying and selling used heavy equipment, trucks, and other assets, announced that it has sold over 4,100 equipment items and trucks for over US$50 million at its unreserved auction in Fort Worth, Texas, on December 13 ? 14, 2017. It, thus, set a new December sales record for the site. Sign up now for our free research reports at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Ritchie Bros. Auctioneers most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

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Auction Overview

  • The gross transaction value for the auction held at Fort Worth, Texas, on December 13 and 14, 2017, was over US$50 million. Of this, online bidders accounted for 56% of the sales, i.e. US$28 million.
  • The auction had 5,000 registered bidders in total. Out of this, there were 3,500 online registered bidders and 1,500 onsite bidders.
  • A total of 4,100 lots were sold in the bid to a total of 575 sellers.

Country-Wise Break up of Buyers

The auction saw a registration of bidders from around 60 countries. Out of the overall, US buyers purchased the majority, i.e. 91%, of the equipment. This includes 40% purchased by Texas buyers. On the other hand, international buyers from countries such as India, Italy, and Vietnam purchased 9% of the equipment.

Details About Products Sold

In the Fort Worth auction, Ritchie Bros. sold over 450 truck tractors, 390 trailers, 225 aerial work platforms, 95 excavators, 65 compactors, 55 skid steers, 55 loader backhoes, 50 flatbed trucks, 45 dump trucks, 35 loaders, and 15 dozers.

All these items were sold without minimum bids or reserve prices.

Largest December Auction Ever

This two-day Fort Worth auction was Ritchie Bros.' largest sale ever in December with an increase in pricing in most equipment categories. In fact, the Company noted especially strong pricing for the nice forestry package, which was sold to buyers across the country and also into Canada. Besides, buyers also paid a decent price for the huge selection of transportation assets in the sale.

Ritchie Bros' Multiple Selling Platforms

Ritchie Bros. operates in a variety of sectors, such as construction, transportation, agriculture, energy, oil and gas, mining, and forestry. It is also present across multiple selling channels, which include Ritchie Bros. Auctioneers, the world's largest industrial auctioneer that offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions, and which also offers its exclusive IronClad Assurance(R) equipment condition certification; Marketplacee, an online marketplace that offers multiple price and timing options; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty, which offers privately negotiated sales.

At present, the Company has more than 30,000 equipment items, trucks, and other assets listed for sale in its upcoming onsite unreserved auctions, IronPlanet weekly online auctions, and its other marketplaces.

Stock Performance Snapshot

December 15, 2017 - At Friday's closing bell, Ritchie Bros. Auctioneers' stock advanced 1.05%, ending the trading session at $28.99.

Volume traded for the day: 766.22 thousand shares, which was above the 3-month average volume of 721.36 thousand shares.

Stock performance in the last month ? up 16.66%

After last Friday's close, Ritchie Bros. Auctioneers' market cap was at $3.11 billion.

Price to Earnings (P/E) ratio was at 47.37.

The stock has a dividend yield of 2.35%.

The stock is part of the Services sector, categorized under the Business Services industry. This sector was up 0.7% at the end of the session.

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