Republic Services, Inc. (NYSE:RSG - Get Free Report) EVP Brian Bales sold 3,400 shares of Republic Services stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $244.00, for a total transaction of $829,600.00. Following the sale, the executive vice president directly owned 17,616 shares in the company, valued at $4,298,304. This trade represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Republic Services Price Performance
RSG stock opened at $245.35 on Thursday. The company has a 50 day simple moving average of $223.85 and a 200 day simple moving average of $217.32. The stock has a market cap of $74.74 billion, a price-to-earnings ratio of 33.94, a P/E/G ratio of 4.04 and a beta of 0.32. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $249.37. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.75 and a quick ratio of 0.64.
Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The business services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.93 by $0.01. Republic Services had a net margin of 12.93% and a return on equity of 18.56%. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the firm earned $1.90 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. Research analysts anticipate that Republic Services, Inc. will post 7.26 EPS for the current fiscal year.
Republic Services Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be issued a dividend of $0.67 per share. The ex-dividend date is Monday, January 4th. This represents a $2.68 annualized dividend and a dividend yield of 1.1%. Republic Services's dividend payout ratio is 37.07%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Morgan Stanley cut their price objective on Republic Services from $232.00 to $219.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 13th. Raymond James Financial set a $235.00 target price on Republic Services in a report on Friday, October 9th. Citigroup increased their target price on Republic Services from $259.00 to $281.00 and gave the company a "buy" rating in a research report on Monday. Wolfe Research initiated coverage on Republic Services in a research note on Tuesday, September 15th. They set a "peer perform" rating on the stock. Finally, Weiss Ratings upgraded Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, Republic Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $249.32.
Check Out Our Latest Stock Analysis on RSG
Hedge Funds Weigh In On Republic Services
A number of hedge funds have recently modified their holdings of the business. Bell Investment Advisors Inc bought a new position in Republic Services during the 2nd quarter worth $25,000. Laurel Wealth Advisors LLC acquired a new position in Republic Services during the 3rd quarter worth about $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Republic Services in the 2nd quarter valued at about $27,000. Compass Financial Management LLC bought a new stake in shares of Republic Services in the 2nd quarter valued at about $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Republic Services by 47.3% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider's stock valued at $35,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 57.73% of the company's stock.
Republic Services Company Profile
(
Get Free Report)
Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.
The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.
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