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%.

TRADEMARK VIOLATION WARNING: “Catharine D. Ellingsen Sells 14,250 Shares of Republic Services, Inc. (RSG) Stock” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/10/01/catharine-d-ellingsen-sells-14250-shares-of-republic-services-inc-rsg-stock.html.

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.

Insider Buying and Selling by Quarter for Republic Services (NYSE:RSG)

Receive News & Stock Ratings for Republic Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services Inc. and related stocks with our FREE daily email newsletter.