Key Points
- Katharine Weymouth, a Republic Services director, purchased 478 shares on December 9 at an average price of $209.46 (total ~$100,121.88), increasing her direct holding to 5,740 shares (a 9.08% increase).
- Republic Services declared a quarterly dividend of $0.625 per share (annualized $2.50), implying a ~1.2% yield; the record/ex-dividend date is January 2 and the payment date is January 15.
- The company reported quarterly EPS of $1.90 (vs. $1.78 expected) and revenue of $4.21B (slightly below estimates), and carries a consensus analyst rating of "Moderate Buy" with a ~$251.10 target; market cap is about $65.6B and P/E ~31.5.
Republic Services, Inc. (NYSE:RSG - Get Free Report) Director Katharine Weymouth acquired 478 shares of the stock in a transaction dated Tuesday, December 9th. The stock was acquired at an average cost of $209.46 per share, with a total value of $100,121.88. Following the transaction, the director directly owned 5,740 shares in the company, valued at approximately $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Republic Services Trading Up 0.3%
Shares of NYSE:RSG opened at $211.85 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market capitalization of $65.58 billion, a P/E ratio of 31.52, a P/E/G ratio of 3.32 and a beta of 0.54. The business's 50-day moving average is $215.28 and its 200 day moving average is $230.71. Republic Services, Inc. has a 1 year low of $199.43 and a 1 year high of $258.75.
Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.12. The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.The company's revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.81 earnings per share. On average, research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.
Republic Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services's payout ratio is 37.20%.
Institutional Investors Weigh In On Republic Services
Several hedge funds have recently bought and sold shares of RSG. Financial Consulate Inc. acquired a new position in shares of Republic Services in the 3rd quarter valued at $25,000. Wealth Watch Advisors INC acquired a new position in shares of Republic Services during the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in Republic Services by 121.8% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider's stock valued at $28,000 after acquiring an additional 67 shares during the period. Cranbrook Wealth Management LLC raised its position in shares of Republic Services by 1,222.2% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider's stock worth $29,000 after purchasing an additional 110 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in shares of Republic Services during the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 57.73% of the company's stock.
Analyst Upgrades and Downgrades
RSG has been the subject of a number of research analyst reports. Scotiabank reduced their target price on Republic Services from $250.00 to $246.00 and set a "sector perform" rating for the company in a research note on Friday, October 31st. Stifel Nicolaus reduced their price objective on Republic Services from $257.00 to $251.00 and set a "buy" rating for the company in a research note on Friday, October 31st. Citigroup dropped their target price on Republic Services from $280.00 to $270.00 and set a "buy" rating on the stock in a research report on Wednesday, September 17th. Robert W. Baird set a $240.00 price target on shares of Republic Services in a research report on Friday, October 31st. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $240.00 price objective on shares of Republic Services in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Republic Services has a consensus rating of "Moderate Buy" and a consensus target price of $251.10.
Get Our Latest Analysis on Republic Services
Republic Services Company Profile
(
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Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.
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