Republic Services, Inc. (NYSE:RSG) CAO Brian A. Goebel sold 2,000 shares of Republic Services stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $89.72, for a total value of $179,440.00. Following the completion of the sale, the chief accounting officer now directly owns 8,186 shares of the company’s stock, valued at approximately $734,447.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
NYSE:RSG opened at $90.21 on Monday. The stock has a 50-day simple moving average of $88.68 and a two-hundred day simple moving average of $87.73. Republic Services, Inc. has a 52-week low of $71.74 and a 52-week high of $90.61. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market capitalization of $28.67 billion, a PE ratio of 29.19, a P/E/G ratio of 3.08 and a beta of 0.49.
Republic Services (NYSE:RSG) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.06. Republic Services had a return on equity of 13.13% and a net margin of 10.58%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. Republic Services’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities analysts forecast that Republic Services, Inc. will post 3.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, January 1st. Republic Services’s dividend payout ratio is presently 52.43%.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in shares of Republic Services by 2.7% in the second quarter. BlackRock Inc. now owns 21,974,898 shares of the business services provider’s stock valued at $1,903,906,000 after acquiring an additional 581,754 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Republic Services by 1.1% in the second quarter. Vanguard Group Inc. now owns 18,822,224 shares of the business services provider’s stock valued at $1,630,757,000 after acquiring an additional 212,128 shares in the last quarter. Invesco Ltd. lifted its position in shares of Republic Services by 69.8% in the second quarter. Invesco Ltd. now owns 6,537,731 shares of the business services provider’s stock valued at $566,428,000 after acquiring an additional 2,687,709 shares in the last quarter. Northern Trust Corp lifted its position in shares of Republic Services by 1.1% in the second quarter. Northern Trust Corp now owns 3,037,946 shares of the business services provider’s stock valued at $263,207,000 after acquiring an additional 34,042 shares in the last quarter. Finally, Pictet Asset Management Ltd. lifted its position in shares of Republic Services by 19.4% in the third quarter. Pictet Asset Management Ltd. now owns 2,900,196 shares of the business services provider’s stock valued at $251,012,000 after acquiring an additional 471,862 shares in the last quarter. 57.87% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on RSG. Stifel Nicolaus set a $95.00 price objective on Republic Services and gave the stock a “buy” rating in a report on Monday, September 23rd. Bank of America raised Republic Services from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a report on Friday, October 18th. Jefferies Financial Group began coverage on Republic Services in a report on Wednesday, November 27th. They set a “buy” rating and a $100.00 price target for the company. CIBC began coverage on Republic Services in a report on Tuesday, December 17th. They set a “neutral” rating and a $99.00 price target for the company. Finally, ValuEngine lowered Republic Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Republic Services has a consensus rating of “Hold” and a consensus price target of $91.86.
Republic Services Company Profile
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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