Republic Services, Inc. (NYSE:RSG) Director Sells $400,186.93 in Stock

Republic Services, Inc. (NYSE:RSG) Director Katharine Weymouth sold 1,859 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. This trade represents a 67.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Republic Services Stock Down 2.0 %

Shares of NYSE RSG traded down $4.32 during mid-day trading on Monday, reaching $212.36. The company had a trading volume of 1,022,295 shares, compared to its average volume of 1,115,527. The stock has a market capitalization of $66.50 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 3.31 and a beta of 0.71. Republic Services, Inc. has a twelve month low of $160.65 and a twelve month high of $220.58. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The stock’s 50 day moving average is $207.79 and its 200-day moving average is $201.26.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the business earned $1.54 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities analysts anticipate that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s payout ratio is 37.12%.

Institutional Trading of Republic Services

Several large investors have recently made changes to their positions in RSG. FSA Wealth Management LLC acquired a new position in Republic Services during the 3rd quarter worth $25,000. Wolff Wiese Magana LLC lifted its position in shares of Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the last quarter. Webster Bank N. A. bought a new stake in Republic Services during the 3rd quarter valued at approximately $31,000. Truvestments Capital LLC bought a new position in Republic Services in the 3rd quarter worth approximately $34,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Republic Services during the second quarter worth approximately $36,000. Institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $211.00 to $238.00 in a report on Friday. Royal Bank of Canada increased their target price on Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Morgan Stanley upped their target price on shares of Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Truist Financial increased their price target on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer lifted their price objective on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $217.88.

About Republic Services

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.