Republic Services (RSG) Sets New 52-Week High at $79.04

Republic Services, Inc. (NYSE:RSG) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $79.04 and last traded at $78.81, with a volume of 281852 shares. The stock had previously closed at $78.70.

Several research analysts have recently issued reports on RSG shares. Zacks Investment Research cut Republic Services from a “hold” rating to a “sell” rating in a research note on Tuesday. KeyCorp started coverage on Republic Services in a research note on Monday, February 4th. They issued a “sector weight” rating and a $77.73 price objective for the company. Goldman Sachs Group upgraded Republic Services to a “hold” rating and set a $79.00 price objective for the company in a research note on Tuesday, December 4th. Finally, UBS Group cut Republic Services from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $83.00 to $77.00 in a research note on Thursday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $76.59.

The firm has a market capitalization of $25.23 billion, a P/E ratio of 25.58, a PEG ratio of 2.73 and a beta of 0.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.58 and a quick ratio of 0.58.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, February 7th. The business services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.78 by $0.02. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.54 billion. Republic Services had a return on equity of 12.84% and a net margin of 10.33%. Republic Services’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. As a group, research analysts predict that Republic Services, Inc. will post 3.25 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Friday, March 29th. Republic Services’s dividend payout ratio (DPR) is 48.54%.

In other news, CAO Brian A. Goebel sold 2,000 shares of Republic Services stock in a transaction on Thursday, January 17th. The stock was sold at an average price of $74.25, for a total value of $148,500.00. Following the completion of the sale, the chief accounting officer now directly owns 8,186 shares of the company’s stock, valued at $607,810.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Brian A. Goebel sold 3,000 shares of Republic Services stock in a transaction on Thursday, January 3rd. The shares were sold at an average price of $71.27, for a total value of $213,810.00. Following the completion of the sale, the chief accounting officer now directly owns 9,186 shares of the company’s stock, valued at $654,686.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,000 shares of company stock worth $581,220. 0.30% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of RSG. FTB Advisors Inc. acquired a new position in shares of Republic Services in the 4th quarter worth approximately $25,000. Oregon Public Employees Retirement Fund raised its stake in Republic Services by 13,200.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,319,168 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 3,294,212 shares in the last quarter. Claybrook Capital LLC purchased a new stake in Republic Services in the fourth quarter valued at approximately $46,000. Capital Investment Advisory Services LLC purchased a new stake in Republic Services in the fourth quarter valued at approximately $67,000. Finally, Lavaca Capital LLC purchased a new stake in Republic Services in the fourth quarter valued at approximately $76,000. 59.86% of the stock is owned by institutional investors and hedge funds.

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Republic Services Company Profile (NYSE:RSG)

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, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.

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