Republic Services, Inc. (NYSE:RSG) CMO Sells $1,209,130.00 in Stock

Republic Services, Inc. (NYSE:RSG) CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the sale, the chief marketing officer now owns 6,831 shares in the company, valued at approximately $1,270,702.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Republic Services Price Performance

Shares of Republic Services stock traded up $1.85 during mid-day trading on Tuesday, reaching $188.56. 1,061,971 shares of the stock traded hands, compared to its average volume of 1,253,788. The business has a 50-day moving average of $188.14 and a 200 day moving average of $172.87. Republic Services, Inc. has a fifty-two week low of $140.07 and a fifty-two week high of $196.76. The stock has a market capitalization of $59.38 billion, a PE ratio of 33.08, a PEG ratio of 3.22 and a beta of 0.67. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Republic Services, Inc. will post 6.05 EPS for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a dividend of $0.535 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.13%. Republic Services’s payout ratio is currently 37.54%.

Hedge Funds Weigh In On Republic Services

A number of hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its holdings in shares of Republic Services by 4.9% in the third quarter. Commonwealth Equity Services LLC now owns 32,257 shares of the business services provider’s stock valued at $4,597,000 after purchasing an additional 1,508 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of Republic Services by 15.7% in the third quarter. Lindbrook Capital LLC now owns 1,771 shares of the business services provider’s stock valued at $252,000 after purchasing an additional 240 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Republic Services by 0.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,669 shares of the business services provider’s stock valued at $12,921,000 after purchasing an additional 284 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Republic Services by 0.9% in the third quarter. Mackenzie Financial Corp now owns 266,630 shares of the business services provider’s stock valued at $37,995,000 after purchasing an additional 2,500 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its holdings in shares of Republic Services by 4.3% in the third quarter. IFM Investors Pty Ltd now owns 52,598 shares of the business services provider’s stock valued at $7,496,000 after purchasing an additional 2,183 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RSG. BMO Capital Markets boosted their price target on Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Jefferies Financial Group upped their target price on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. The Goldman Sachs Group upped their target price on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Royal Bank of Canada initiated coverage on Republic Services in a research note on Monday, April 8th. They issued a “sector perform” rating and a $198.00 target price on the stock. Finally, Truist Financial upped their target price on Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research note on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price of $201.00.

Republic Services Company Profile

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.