Brian A. Goebel Sells 1,290 Shares of Republic Services, Inc. (RSG) Stock
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.
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.
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