Republic Services, Inc. (NYSE:RSG) CAO Brian A. Goebel sold 2,000 shares of Republic Services stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $67.57, for a total transaction of $135,140.00. Following the sale, the chief accounting officer now owns 6,696 shares in the company, valued at approximately $452,448.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Republic Services, Inc. (RSG) traded up $0.73 during trading on Thursday, hitting $68.26. 744,238 shares of the stock traded hands, compared to its average volume of 1,365,912. The company has a market capitalization of $22,700.00, a PE ratio of 28.92, a P/E/G ratio of 3.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.51 and a current ratio of 0.54. Republic Services, Inc. has a 52-week low of $56.65 and a 52-week high of $69.12.
Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.04. Republic Services had a net margin of 8.15% and a return on equity of 10.58%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the business posted $0.62 earnings per share. Republic Services’s quarterly revenue was up 6.5% on a year-over-year basis. sell-side analysts expect that Republic Services, Inc. will post 2.4 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Friday, December 29th. Republic Services’s dividend payout ratio is presently 58.47%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Evercore Wealth Management LLC increased its position in Republic Services by 48.6% in the second quarter. Evercore Wealth Management LLC now owns 1,593 shares of the business services provider’s stock worth $102,000 after purchasing an additional 521 shares during the last quarter. Sun Life Financial INC increased its position in Republic Services by 20,900.0% in the second quarter. Sun Life Financial INC now owns 1,680 shares of the business services provider’s stock worth $107,000 after purchasing an additional 1,672 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in Republic Services in the second quarter worth $191,000. Cetera Investment Advisers bought a new stake in Republic Services in the second quarter worth $211,000. Finally, First Allied Advisory Services Inc. bought a new stake in Republic Services in the second quarter worth $224,000. Institutional investors own 59.90% of the company’s stock.
RSG has been the topic of several recent analyst reports. Bank of America reduced their price objective on shares of Republic Services from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. Credit Suisse Group reduced their price objective on shares of Republic Services from $69.00 to $67.00 and set a “neutral” rating on the stock in a research report on Monday, November 6th. Stifel Nicolaus cut shares of Republic Services from a “buy” rating to a “hold” rating and reduced their price objective for the company from $76.00 to $70.00 in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Republic Services from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, BMO Capital Markets reduced their price objective on shares of Republic Services from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $68.14.
Republic Services Company Profile
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
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