Share on StockTwits

Republic Services (NYSE:RSG) major shareholder Cascade Investment Llc bought 359,341 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average price of $38.90 per share, for a total transaction of $13,978,364.90. Following the completion of the acquisition, the insider now directly owns 99,386,860 shares in the company, valued at approximately $3,866,148,854. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

A number of research firms have recently commented on RSG. Analysts at Zacks reiterated a “neutral” rating on shares of Republic Services in a research note on Monday, July 28th. They now have a $39.00 price target on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Republic Services from $41.00 to $43.50 in a research note on Friday, July 25th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James upgraded shares of Republic Services from a “market perform” rating to a “strong-buy” rating in a research note on Tuesday, June 10th. They now have a $42.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.10.

Republic Services (NYSE:RSG) traded up 0.59% during mid-day trading on Tuesday, hitting $39.26. The stock had a trading volume of 2,734,857 shares. Republic Services has a 52 week low of $31.42 and a 52 week high of $39.32. The stock has a 50-day moving average of $37.82 and a 200-day moving average of $35.5. The company has a market cap of $16.244 billion and a price-to-earnings ratio of 19.58.

Republic Services (NYSE:RSG) last released its earnings data on Thursday, July 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company posted $0.43 earnings per share. Republic Services’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that Republic Services will post $1.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Monday, September 29th. This is a boost from Republic Services’s previous quarterly dividend of $0.26.

Republic Services, Inc (NYSE:RSG) is a provider of services in the domestic non-hazardous solid waste industry.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.