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WESTCHESTER, IL—James Francis Kessler, the Chief Executive Officer of RB Global Inc. (NYSE:RBA), recently sold 15,700 shares of the company’s common stock. The shares were sold at an average price of $97.81 each, amounting to a total transaction value of approximately $1.54 million. The transaction comes as RB Global demonstrates strong market performance, with the stock up nearly 30% over the past year and trading near $99, according to InvestingPro data.
Following this transaction, Kessler retains ownership of 107,569 shares in the company. The sale was disclosed in a filing with the Securities and Exchange Commission, dated March 17, 2025. The transaction was executed as a direct ownership sale. RB Global maintains strong financial health with a "GOOD" overall score from InvestingPro, which notes the company’s consistent dividend payments for 23 consecutive years and moderate debt levels.
This move comes as Kessler continues to manage his holdings in the company, which is known for its business services operations. With revenue growth of 16% in the last twelve months and a market capitalization of $18.3 billion, investors will be keeping an eye on further developments regarding executive stock transactions at RB Global. For deeper insights and additional ProTips about RB Global’s valuation and growth prospects, visit InvestingPro.
In other recent news, RB Global reported fourth-quarter earnings that exceeded analyst expectations, driven by a 10% year-over-year increase in revenue to $1.14 billion, surpassing projections of $1.06 billion. The company achieved adjusted earnings per share of $0.95, beating the consensus estimate of $0.79. Total (EPA:TTEF) gross transaction value rose 2% to $4.1 billion, with notable growth in the automotive sector, while service revenue increased 8% to $875.5 million. Additionally, RB Global announced a definitive agreement to acquire J.M. Wood Auction Co., a move expected to expand its geographic coverage in Alabama and neighboring states. The acquisition is anticipated to be finalized in the second quarter of 2025, pending customary closing conditions and regulatory approvals.
RBC Capital Markets recently raised its price target for Ritchie Bros to $116, maintaining an Outperform rating, following the company’s robust quarterly performance. Meanwhile, BMO Capital Markets increased its price target to $120, also reiterating an Outperform rating, after Ritchie Bros surpassed expectations with its fourth-quarter 2024 results. BMO Capital highlighted the company’s considerable growth in Gross Transaction (JO:NTUJ) Value, particularly in the automotive sector, and expressed confidence in its potential for growth in the second half of 2025. These developments reflect a strong outlook for RB Global as it continues to focus on strategic growth and value creation.
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