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In a recent transaction reported to the Securities and Exchange Commission, Adam DeWitt, a director at RB Global Inc. (NYSE:RBA), sold 800 common shares on June 10, 2025. The company, currently valued at $19.89 billion, has seen its stock trade near its 52-week high of $109.25, with a strong year-to-date return of approximately 20%. The shares were sold at a price of $106.17 each, amounting to a total sale value of $84,936. Following this transaction, DeWitt holds 5,865 shares directly. According to a footnote in the filing, the shares were sold to cover taxes related to the vesting of restricted stock units previously reported on May 5, 2025. InvestingPro analysis indicates the stock is trading at a relatively high P/E ratio of 52.4x, with additional insights available in the comprehensive Pro Research Report covering insider trading patterns and valuation metrics.
In other recent news, RB Global Inc. has seen its corporate family rating upgraded by Moody’s Ratings to Ba1 from Ba2. The probability of default rating has also improved to Ba1-PD from Ba2-PD, alongside upgrades in senior secured ratings on the company’s bank credit facilities. The ratings of Ritchie Bros. Holdings Inc., guaranteed by RB Global, have also been upgraded, with the backed senior secured rating now at Ba1 and the backed senior unsecured rating increased to Ba2. This upgrade reflects RB Global’s successful deleveraging and increased earnings, partly due to its acquisition of IAA, Inc. in 2023, which has led to improved margins and business diversification. Moody’s noted RB Global’s strong position in industrial equipment and auto salvage auctions, although the company’s active pursuit of acquisitions and debt-funded transactions remains a constraint. The company has announced an agreement to purchase J.M. Wood Auction Co., Inc. for $235 million, further expanding its portfolio. RB Global’s liquidity remains strong with approximately $1.8 billion in liquidity sources compared to $290 million in uses. Moody’s stable outlook for RB Global suggests continued focus on debt reduction and organic revenue growth.
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