Republic Services (RSG) Reaches New 12-Month High and Low at $69.46

Republic Services (NYSE:RSG)’s share price hit a new 52-week high and low during trading on Tuesday . The stock traded as low as $69.46 and last traded at $69.34, with a volume of 89734 shares traded. The stock had previously closed at $68.87.

Several equities analysts recently commented on RSG shares. UBS Group started coverage on shares of Republic Services in a research report on Wednesday, March 14th. They set a “buy” rating and a $78.00 price target for the company. Argus raised shares of Republic Services from a “hold” rating to a “buy” rating in a research report on Thursday, May 10th. Zacks Investment Research raised shares of Republic Services from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Oppenheimer reissued a “hold” rating on shares of Republic Services in a research report on Thursday, May 3rd. Finally, Raymond James lowered shares of Republic Services from a “strong-buy” rating to a “market perform” rating and set a $72.00 price objective for the company. in a research report on Wednesday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Republic Services currently has an average rating of “Hold” and an average target price of $72.14.

The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.95. The company has a market cap of $22.54 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 2.02 and a beta of 0.55.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Wednesday, May 2nd. The business services provider reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.06. Republic Services had a net margin of 13.18% and a return on equity of 11.29%. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the firm posted $0.55 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. sell-side analysts expect that Republic Services will post 3.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Monday, July 2nd will be paid a dividend of $0.345 per share. The ex-dividend date of this dividend is Friday, June 29th. This represents a $1.38 dividend on an annualized basis and a yield of 2.00%. Republic Services’s dividend payout ratio (DPR) is 56.79%.

In other Republic Services news, EVP Jeffrey A. Hughes sold 16,200 shares of the stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $68.00, for a total transaction of $1,101,600.00. Following the sale, the executive vice president now directly owns 16,200 shares of the company’s stock, valued at $1,101,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Ark Jon Vander sold 9,236 shares of the stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $68.45, for a total transaction of $632,204.20. Following the sale, the chief operating officer now directly owns 12,011 shares in the company, valued at $822,152.95. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC acquired a new position in Republic Services during the 4th quarter valued at about $121,000. Signaturefd LLC acquired a new position in Republic Services during the 1st quarter valued at about $149,000. Tower Research Capital LLC TRC increased its stake in Republic Services by 1,070.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,937 shares of the business services provider’s stock valued at $199,000 after buying an additional 2,686 shares during the period. Focused Wealth Management Inc acquired a new position in Republic Services during the 4th quarter valued at about $199,000. Finally, Schroder Investment Management Group increased its stake in Republic Services by 41.4% during the 4th quarter. Schroder Investment Management Group now owns 3,104 shares of the business services provider’s stock valued at $210,000 after buying an additional 909 shares during the period. 60.11% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations; supply of waste containers; and renting of compactors.

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