Catharine D. Ellingsen Sells 14,250 Shares of Republic Services, Inc. (RSG) Stock
Republic Services, Inc. (NYSE:RSG) EVP Catharine D. Ellingsen sold 14,250 shares of Republic Services stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $66.02, for a total value of $940,785.00. Following the completion of the transaction, the executive vice president now directly owns 8,007 shares in the company, valued at approximately $528,622.14. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Republic Services, Inc. (RSG) opened at 66.06 on Friday. Republic Services, Inc. has a 52 week low of $49.18 and a 52 week high of $67.18. The company has a market cap of $22.25 billion, a PE ratio of 33.91 and a beta of 0.60. The company has a 50 day moving average price of $64.99 and a 200 day moving average price of $63.81.
Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. Republic Services had a return on equity of 10.42% and a net margin of 6.86%. Republic Services’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $0.55 earnings per share. On average, equities analysts expect that Republic Services, Inc. will post $2.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a dividend of $0.345 per share. The ex-dividend date of this dividend is Friday, September 29th. This is an increase from Republic Services’s previous quarterly dividend of $0.32. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.09%. Republic Services’s dividend payout ratio (DPR) is presently 65.64%.
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Several equities analysts have weighed in on the company. Zacks Investment Research cut Republic Services from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Republic Services in a research note on Friday, August 25th. BidaskClub cut Republic Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. BMO Capital Markets lifted their target price on Republic Services from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $73.00 target price on shares of Republic Services in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $71.88.
Several large investors have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. grew its stake in Republic Services by 13.3% in the first quarter. UBS Asset Management Americas Inc. now owns 1,067,896 shares of the business services provider’s stock valued at $67,075,000 after purchasing an additional 125,081 shares in the last quarter. Pacer Advisors Inc. grew its stake in Republic Services by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,858 shares of the business services provider’s stock valued at $305,000 after purchasing an additional 154 shares in the last quarter. Nordea Investment Management AB grew its stake in Republic Services by 205.9% in the first quarter. Nordea Investment Management AB now owns 29,323 shares of the business services provider’s stock valued at $1,842,000 after purchasing an additional 19,737 shares in the last quarter. Private Advisor Group LLC bought a new position in Republic Services in the first quarter valued at approximately $380,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its stake in Republic Services by 1,871.5% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 157,716 shares of the business services provider’s stock valued at $9,871,000 after purchasing an additional 149,716 shares in the last quarter. Institutional investors and hedge funds own 60.57% of the company’s stock.
Republic Services Company Profile
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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