Republic Services, Inc. (NYSE:RSG) Director Ramon A. Rodriguez sold 4,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $66.27, for a total transaction of $265,080.00. Following the transaction, the director now directly owns 4,118 shares of the company’s stock, valued at approximately $272,899.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Republic Services, Inc. (NYSE:RSG) traded down $0.55 during mid-day trading on Wednesday, reaching $68.45. 1,966,226 shares of the company’s stock were exchanged, compared to its average volume of 1,845,990. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market cap of $22,804.05, a P/E ratio of 18.06, a P/E/G ratio of 2.18 and a beta of 0.55. Republic Services, Inc. has a twelve month low of $60.26 and a twelve month high of $69.40.
Republic Services (NYSE:RSG) last issued its earnings results on Thursday, February 8th. The business services provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.04. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. Republic Services had a net margin of 12.73% and a return on equity of 10.61%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS. analysts expect that Republic Services, Inc. will post 3.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be paid a $0.345 dividend. The ex-dividend date is Thursday, March 29th. This represents a $1.38 dividend on an annualized basis and a yield of 2.02%. Republic Services’s dividend payout ratio is currently 36.41%.
RSG has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Republic Services from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Monday, January 22nd. Stifel Nicolaus upgraded shares of Republic Services from a “hold” rating to a “buy” rating and upped their target price for the company from $70.00 to $73.00 in a research report on Thursday, January 4th. BMO Capital Markets decreased their target price on shares of Republic Services from $74.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, February 9th. Credit Suisse Group reduced their price objective on shares of Republic Services from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Monday, February 12th. Finally, Bank of America increased their price objective on shares of Republic Services from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $68.57.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new position in shares of Republic Services during the fourth quarter valued at approximately $121,000. Benjamin F. Edwards & Company Inc. boosted its stake in Republic Services by 507.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,823 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 1,523 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Republic Services by 1,070.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,937 shares of the business services provider’s stock valued at $199,000 after acquiring an additional 2,686 shares in the last quarter. Focused Wealth Management Inc acquired a new stake in Republic Services in the fourth quarter valued at approximately $199,000. Finally, Welch & Forbes LLC acquired a new stake in Republic Services in the fourth quarter valued at approximately $201,000. Hedge funds and other institutional investors own 61.11% of the company’s stock.
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About Republic Services
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
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