Republic Services, Inc. (NYSE:RSG) CAO Brian A. Goebel sold 1,290 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $68.44, for a total transaction of $88,287.60. Following the transaction, the chief accounting officer now directly owns 6,696 shares in the company, valued at approximately $458,274.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Republic Services, Inc. (RSG) traded down $0.34 during mid-day trading on Thursday, hitting $67.91. 1,250,867 shares of the stock were exchanged, compared to its average volume of 1,259,008. Republic Services, Inc. has a fifty-two week low of $56.83 and a fifty-two week high of $69.12. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.51 and a current ratio of 0.54. The stock has a market cap of $22,700.00, a P/E ratio of 28.78, a PEG ratio of 3.11 and a beta of 0.61.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, November 2nd. The business services provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. Republic Services had a net margin of 8.15% and a return on equity of 10.58%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the firm posted $0.62 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. equities analysts forecast that Republic Services, Inc. will post 2.4 earnings per share for the current fiscal year.

Republic Services declared that its Board of Directors has approved a share buyback plan on Thursday, November 2nd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Friday, December 29th. Republic Services’s dividend payout ratio is presently 58.47%.

RSG has been the topic of a number of recent analyst reports. Bank of America cut their price target on shares of Republic Services from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. Credit Suisse Group cut their price target on shares of Republic Services from $69.00 to $67.00 and set a “neutral” rating on the stock in a research note on Monday, November 6th. Zacks Investment Research raised shares of Republic Services from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. BMO Capital Markets reaffirmed a “buy” rating and set a $72.00 price target on shares of Republic Services in a research note on Friday, October 13th. Finally, Stifel Nicolaus downgraded shares of Republic Services from a “buy” rating to a “hold” rating and cut their target price for the company from $76.00 to $70.00 in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Republic Services has a consensus rating of “Hold” and a consensus target price of $68.14.

Hedge funds have recently modified their holdings of the company. Evercore Wealth Management LLC raised its stake in shares of Republic Services by 48.6% in the 2nd quarter. Evercore Wealth Management LLC now owns 1,593 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 521 shares during the period. Sun Life Financial INC grew its holdings in Republic Services by 20,900.0% during the 2nd quarter. Sun Life Financial INC now owns 1,680 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 1,672 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Republic Services by 507.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,823 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 1,523 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Republic Services during the 2nd quarter valued at $211,000. Finally, First Allied Advisory Services Inc. acquired a new stake in Republic Services during the 2nd quarter valued at $224,000. 59.97% of the stock is currently owned by institutional investors and hedge funds.

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Republic Services Company Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

Insider Buying and Selling by Quarter for Republic Services (NYSE:RSG)

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