Republic Services, Inc. (NYSE:RSG - Get Free Report) Director Sandra Volpe sold 1,800 shares of the company's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the sale, the director owned 58 shares in the company, valued at approximately $12,254.24. The trade was a 96.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Republic Services Stock Down 2.0%
Shares of NYSE:RSG opened at $208.30 on Friday. The business's 50 day simple moving average is $209.05 and its two-hundred day simple moving average is $214.55. The firm has a market cap of $64.09 billion, a P/E ratio of 29.89, a PEG ratio of 3.50 and a beta of 0.41. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.67 and a current ratio of 0.67. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $253.38.
Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.10 billion. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The company's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 earnings per share. As a group, research analysts forecast that Republic Services, Inc. will post 7.28 EPS for the current fiscal year.
Republic Services Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be issued a $0.625 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $2.50 annualized dividend and a yield of 1.2%. Republic Services's dividend payout ratio is presently 35.87%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on RSG shares. Argus lowered Republic Services from a "buy" rating to a "hold" rating in a report on Monday, May 11th. Wolfe Research started coverage on Republic Services in a report on Friday, March 13th. They issued a "peer perform" rating on the stock. UBS Group cut their price target on Republic Services from $240.00 to $223.00 and set a "neutral" rating on the stock in a report on Tuesday, May 12th. JPMorgan Chase & Co. increased their price target on Republic Services from $233.00 to $245.00 and gave the stock a "neutral" rating in a report on Friday, April 10th. Finally, Robert W. Baird lowered their price objective on Republic Services from $242.00 to $240.00 and set a "neutral" rating for the company in a research note on Thursday, April 16th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $243.26.
Read Our Latest Report on RSG
Institutional Trading of Republic Services
Several institutional investors and hedge funds have recently modified their holdings of the stock. CBIZ Investment Advisory Services LLC raised its stake in shares of Republic Services by 11.3% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider's stock worth $94,000 after purchasing an additional 45 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Republic Services by 0.5% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider's stock worth $2,216,000 after purchasing an additional 48 shares during the last quarter. Williams Jones Wealth Management LLC. raised its stake in shares of Republic Services by 2.6% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider's stock worth $408,000 after purchasing an additional 49 shares during the last quarter. AlphaCentric Advisors LLC raised its stake in shares of Republic Services by 5.9% in the first quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider's stock worth $198,000 after purchasing an additional 50 shares during the last quarter. Finally, ICONIQ Capital LLC raised its stake in shares of Republic Services by 3.3% in the second quarter. ICONIQ Capital LLC now owns 1,558 shares of the business services provider's stock worth $384,000 after purchasing an additional 50 shares during the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.
Republic Services Company Profile
(
Get Free Report)
Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.
Republic's core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
