Republic Services, Inc. (NYSE:RSG) COO Gregg Brummer Sells 6,293 Shares

Republic Services, Inc. (NYSE:RSG) COO Gregg Brummer sold 6,293 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Republic Services Stock Performance

Shares of NYSE RSG opened at $230.73 on Friday. The company has a market cap of $72.05 billion, a PE ratio of 35.55, a P/E/G ratio of 3.62 and a beta of 0.74. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12-month low of $179.62 and a 12-month high of $232.52. The stock has a 50 day simple moving average of $212.44 and a 200-day simple moving average of $208.27.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period in the prior year, the firm posted $1.41 earnings per share. On average, equities research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.01%. Republic Services’s dividend payout ratio (DPR) is 35.75%.

Wall Street Analyst Weigh In

Several research firms have recently commented on RSG. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. Truist Financial reaffirmed a “buy” rating and set a $250.00 target price (up from $244.00) on shares of Republic Services in a report on Friday, February 14th. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and upped their target price for the company from $211.00 to $238.00 in a report on Friday, December 6th. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $219.00 to $237.00 in a report on Monday, January 6th. Finally, Jefferies Financial Group upped their target price on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $231.75.

Institutional Investors Weigh In On Republic Services

A number of institutional investors have recently added to or reduced their stakes in RSG. FSA Wealth Management LLC acquired a new stake in Republic Services in the third quarter worth approximately $25,000. Arcadia Investment Management Corp MI increased its holdings in shares of Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after buying an additional 88 shares in the last quarter. R Squared Ltd bought a new position in shares of Republic Services in the fourth quarter valued at $32,000. Truvestments Capital LLC bought a new position in shares of Republic Services in the third quarter valued at $34,000. Finally, New Age Alpha Advisors LLC increased its holdings in shares of Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock valued at $36,000 after buying an additional 73 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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.