Republic Services Inc. (NYSE:RSG) insider Donald W. Slager sold 26,000 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $50.37, for a total transaction of $1,309,620.00. Following the completion of the sale, the insider now directly owns 234,397 shares in the company, valued at approximately $11,806,576.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Republic Services Inc. (NYSE:RSG) opened at 49.72 on Friday. The stock’s 50 day moving average is $50.62 and its 200 day moving average is $49.54. The firm has a market cap of $17.05 billion, a price-to-earnings ratio of 23.89 and a beta of 0.54. Republic Services Inc. has a one year low of $41.82 and a one year high of $52.92.
Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Republic Services had a net margin of 7.85% and a return on equity of 9.21%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. On average, analysts predict that Republic Services Inc. will post $2.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.28 annualized dividend and a dividend yield of 2.57%. This is a boost from Republic Services’s previous quarterly dividend of $0.30. Republic Services’s dividend payout ratio (DPR) is 61.84%.
Several analysts recently weighed in on RSG shares. Zacks Investment Research raised shares of Republic Services from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Wednesday, June 29th. Macquarie started coverage on shares of Republic Services in a research note on Thursday, August 25th. They issued a “neutral” rating and a $53.00 price objective on the stock. Imperial Capital boosted their price objective on shares of Republic Services from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 2nd. Finally, Barclays PLC boosted their price objective on shares of Republic Services from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 9th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $51.90.
Hedge funds have recently bought and sold shares of the stock. Aviva PLC boosted its position in shares of Republic Services by 0.5% in the first quarter. Aviva PLC now owns 300,699 shares of the company’s stock worth $14,328,000 after buying an additional 1,433 shares during the last quarter. ING Groep NV acquired a new position in shares of Republic Services during the first quarter worth approximately $261,000. Huntington Asset Advisors Inc. acquired a new position in shares of Republic Services during the first quarter worth approximately $1,644,000. M&T Bank Corp boosted its position in shares of Republic Services by 54.7% in the first quarter. M&T Bank Corp now owns 13,798 shares of the company’s stock worth $656,000 after buying an additional 4,879 shares during the last quarter. Finally, Advisor Partners LLC boosted its position in shares of Republic Services by 5.1% in the first quarter. Advisor Partners LLC now owns 5,744 shares of the company’s stock worth $274,000 after buying an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 61.01% of the company’s stock.
About Republic Services
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The Company operates through three segments: East, Central and West. The Company operates in over 40 states and Puerto Rico through approximately 340 collection operations, over 200 transfer stations, over 190 active landfills, approximately 70 recycling centers, approximately 10 treatment, recovery and disposal facilities, and over 10 salt water disposal wells.
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