Republic Services, Inc. (NYSE: RSG – Get a rating) chief operating officer Timothy E. Stuart sold 15,000 shares of the company in a transaction dated Tuesday, June 7. The stock was sold at an average price of $135.19, for a total value of $2,027,850.00. Following the sale, the chief operating officer now owns 19,675 shares of the company, valued at approximately $2,659,863.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link.
The NYSE RSG traded at $3.70 on Thursday, hitting $128.48. 1,253,706 shares of the company were traded, with an average volume of 1,362,052. The stock has a 50-day moving average of $132.99 and a 200-day moving average of $131.01. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt ratio of 1.07. Republic Services, Inc. has a 52 week minimum of $106.46 and a 52 week maximum of $145.98. The stock has a market capitalization of $40.59 billion, a price/earnings ratio of 31.32, a P/E/G ratio of 2.76 and a beta of 0.75.
Republic Services (NYSE: RSG – Get a rating) last reported results on Thursday, May 5. The business services provider reported earnings per share of $1.14 for the quarter, beating the consensus estimate of $1.05 by $0.09. Republic Services had a return on equity of 15.60% and a net margin of 11.54%. The company posted revenue of $2.97 billion in the quarter, versus $2.89 billion expected by analysts. In the same period a year earlier, the company had earned earnings per share of $0.93. The company’s quarterly revenue increased 14.4% year over year. As a group, analysts predict Republic Services, Inc. will post earnings per share of 4.66 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Friday, July 1 will receive a dividend of $0.46. This represents a dividend of $1.84 on an annualized basis and a dividend yield of 1.43%. The ex-date of this dividend is Thursday, June 30. Republic Services’ payout ratio is 43.60%.
Institutional investors and hedge funds have recently changed their positions in the company. Glassman Wealth Services increased its equity stake in Republic Services by 116.8% in Q1. Glassman Wealth Services now owns 206 shares of the business services provider valued at $27,000 after acquiring 111 additional shares in the last quarter. Godsey & Gibb Associates bought a new position in Republic Services stock in Q4 worth $28,000. Masso Torrence Wealth Management Inc. bought a new position in Republic Services stock in Q4 worth $32,000. FinTrust Capital Advisors LLC increased its stake in Republic Services shares by 123.6% in Q1. FinTrust Capital Advisors LLC now owns 237 shares of the business services provider valued at $32,000 after acquiring 131 additional shares in the last quarter. Finally, Confluence Wealth Services Inc. bought a new position in shares of Republic Services in Q4 worth $33,000. Institutional investors hold 92.80% of the company’s shares.
Several analysts have recently released reports on the company. Morgan Stanley raised its price target on Republic Services from $139.00 to $149.00 and gave the stock an “overweight” rating in a Tuesday, March 8 report. JPMorgan Chase & Co. assumed Republic Services coverage in a Tuesday, March 1, research note. They issued a “neutral” rating on the title. Bank of America upgraded Republic Services from a “neutral” rating to a “buy” rating and raised its price target for the company from $140.00 to $150.00 in a Friday, May 13 research note. StockNews.com alleged coverage of the services of the Republic in a research note of Thursday, March 31. They issued a “Strong Buy” rating on the stock. Finally, Raymond James raised his price target on Republic Services from $140.00 to $142.00 and gave the company an “outperform” rating in a Friday, April 22 research note. Four analysts gave the stock a hold rating, five gave the stock a buy rating and two gave the stock a strong buy rating. Based on data from MarketBeat, Republic Services currently has a consensus rating of “Buy” and an average price target of $136.75.
Republic Services Company Profile (Get a rating)
Republic Services, Inc., together with its subsidiaries, provides environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste and other environmental solutions. Its collection services include curbside collection of materials for transportation to transfer stations, landfills or recycling processing centers; supply of recycling and waste containers; and rental of compactors.
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