Insider Selling: Jeffrey A. Hughes Sells 32,807 Shares of Republic Services Stock (RSG)
Republic Services (NYSE:RSG) EVP Jeffrey A. Hughes sold 32,807 shares of the stock on the open market in a transaction dated Thursday, April 10th. The shares were sold at an average price of $35.00, for a total transaction of $1,148,245.00. Following the sale, the executive vice president now directly owns 1,371 shares in the company, valued at approximately $47,985. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Republic Services (NYSE:RSG) traded down 1.00% during mid-day trading on Thursday, hitting $34.48. 2,497,249 shares of the company’s stock traded hands. Republic Services has a 52-week low of $31.42 and a 52-week high of $35.61. The stock’s 50-day moving average is $34.03 and its 200-day moving average is $33.60. The company has a market cap of $12.434 billion and a price-to-earnings ratio of 21.50.
Republic Services (NYSE:RSG) last released its earnings data on Thursday, February 6th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.07. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts predict that Republic Services will post $1.97 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on RSG shares. Analysts at EVA Dimensions upgraded shares of Republic Services from an “underweight” rating to a “hold” rating in a research note on Friday, February 28th. Analysts at Zacks reiterated a “neutral” rating on shares of Republic Services in a research note on Friday, February 7th. They now have a $33.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Republic Services currently has a consensus rating of “Hold” and a consensus price target of $35.83.
Republic Services, Inc (NYSE:RSG) is a provider of services in the domestic non-hazardous solid waste industry.
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