RB global chief legal officer sells $392,829 in stock

Darren Jeffrey Watt, the Chief Legal Officer at RB Global Inc. (NYSE:RBA), recently executed a series of stock transactions involving the company’s common shares. On June 10, 2025, Watt sold 3,700 shares at an average price of $106.17, amounting to a total sale value of approximately $392,829. The sale occurred as RB Global’s stock trades near its 52-week high of $109.25, with the company’s market capitalization now reaching $19.89 billion.

Prior to this sale, Watt exercised stock options to acquire 3,700 shares at $32.16 per share, a transaction valued at $118,991. Following these transactions, Watt holds 24,874 shares directly. Additionally, Watt has an indirect ownership of 2,861 shares through an Employee Stock Purchase Plan, which includes 173 shares purchased at $78.85 each on May 15, 2025. According to InvestingPro, RB Global has delivered impressive returns, with the stock up 36.83% over the past year.

These transactions reflect Watt’s active management of his equity holdings in RB Global, a company known for its industrial auction services. The company maintains a strong financial health rating according to InvestingPro, with a 23-year track record of consistent dividend payments, though current valuations suggest the stock may be trading at premium levels with a P/E ratio of 52.43.

In other recent news, RB Global Inc. announced its agreement to acquire J.M. Wood Auction Co., Inc., a move expected to enhance its geographic reach in Alabama and neighboring states. This acquisition, anticipated to close in the second quarter of 2025, remains subject to customary closing conditions, including regulatory approvals. The acquisition is seen as a strategic move to bolster RB Global’s presence in commercial construction and transportation assets, particularly with municipal customers. In related developments, Moody’s Ratings upgraded RB Global’s corporate family rating to Ba1 from Ba2, reflecting successful deleveraging and increased earnings following the acquisition of IAA, Inc. in 2023. Moody’s noted that this acquisition has improved margins and diversified RB Global’s business. The rating agency also upgraded the senior secured ratings on RB Global’s bank credit facilities to Ba1. Analysts from Moody’s have expressed a stable outlook for the company, anticipating continued focus on debt reduction and organic revenue growth. The company’s liquidity remains strong, with sources of liquidity amounting to approximately $1.8 billion against uses of around $290 million.

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