Republic Services (NYSE:RSG) Director Sells $380,304.00 in Stock

Republic Services, Inc. (NYSE:RSG) Director Sandra Volpe sold 1,800 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $211.28, for a total transaction of $380,304.00. Following the completion of the sale, the director directly owned 58 shares in the company, valued at $12,254.24. This trade represents a 96.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Republic Services Stock Performance

NYSE:RSG opened at $209.75 on Friday. The firm has a 50 day simple moving average of $208.84 and a 200-day simple moving average of $214.52. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $64.53 billion, a PE ratio of 30.09, a P/E/G ratio of 3.45 and a beta of 0.41. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $253.38.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.10 billion. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 earnings per share. On average, equities analysts expect that Republic Services, Inc. will post 7.28 EPS for the current year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, July 2nd. Republic Services’s payout ratio is currently 36.15%.

Hedge Funds Weigh In On Republic Services

Several institutional investors and hedge funds have recently bought and sold shares of RSG. SteelPeak Wealth LLC boosted its stake in Republic Services by 130.0% during the 4th quarter. SteelPeak Wealth LLC now owns 12,386 shares of the business services provider’s stock valued at $2,625,000 after acquiring an additional 7,001 shares during the last quarter. Citigroup Inc. boosted its stake in Republic Services by 68.8% during the 3rd quarter. Citigroup Inc. now owns 352,462 shares of the business services provider’s stock valued at $80,883,000 after acquiring an additional 143,704 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Republic Services by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider’s stock valued at $711,003,000 after acquiring an additional 409,142 shares during the last quarter. Rathbones Group PLC boosted its stake in Republic Services by 11.5% during the 3rd quarter. Rathbones Group PLC now owns 93,182 shares of the business services provider’s stock valued at $21,383,000 after acquiring an additional 9,611 shares during the last quarter. Finally, Numerai GP LLC bought a new position in Republic Services during the 3rd quarter valued at $7,934,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Republic Services from $238.00 to $252.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Royal Bank Of Canada boosted their price objective on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. boosted their price objective on shares of Republic Services from $233.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, April 10th. Finally, UBS Group dropped their price target on shares of Republic Services from $240.00 to $223.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $243.26.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.