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WESTCHESTER, IL—James J. Jeter, the Chief Revenue Officer of RB Global Inc. (NYSE:RBA), recently sold 600 shares of the company’s common stock. The sale, which took place on March 21, 2025, was executed at a price of $98.63 per share, totaling approximately $59,178. The stock, which has gained over 30% in the past year and currently trades near $99.86, appears overvalued according to InvestingPro Fair Value analysis.
Following this transaction, Jeter retains ownership of 19,667 shares. The shares sold were held directly by Jeter, and the transaction was part of his direct ownership portfolio. RB Global maintains strong fundamentals with a GOOD financial health score and has maintained dividend payments for 23 consecutive years.
Investors often keep a close eye on insider transactions like these, as they can provide insights into the executive’s perspective on the company’s future performance. However, it’s important to note that such sales can be motivated by a variety of personal financial planning reasons and do not necessarily reflect the executive’s view on the company’s stock prospects. For deeper insights into RB Global’s valuation and prospects, including analyst targets ranging from $57 to $120, access the comprehensive Pro Research Report available on 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, reaching $1.14 billion. The company posted adjusted earnings per share of $0.95, surpassing the consensus estimate of $0.79. RB Global’s total gross transaction value increased by 2% to $4.1 billion, with notable growth in the automotive sector, while service revenue rose 8% to $875.5 million. Additionally, inventory sales revenue climbed 15% to $266.1 million, supported by strong performance in the commercial construction and transportation sectors.
In a strategic move, RB Global announced its agreement to acquire J.M. Wood Auction Co., a company known for its expertise in commercial construction and transportation assets. This acquisition is expected to enhance RB Global’s presence in Alabama and neighboring states. RBC Capital Markets raised its price target for Ritchie Bros from $107 to $116, maintaining an Outperform rating, citing consistent outperformance and strong future guidance. Similarly, BMO Capital Markets increased its price target to $120, also reaffirming an Outperform rating, following a robust fourth-quarter performance that surpassed expectations. These recent developments highlight RB Global’s strategic growth initiatives and strong financial performance.
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