Brian A. Goebel Sells 1,220 Shares of Republic Services, Inc. (RSG) Stock

Republic Services, Inc. (NYSE:RSG) CAO Brian A. Goebel sold 1,220 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $68.06, for a total value of $83,033.20. Following the sale, the chief accounting officer now owns 7,406 shares in the company, valued at $504,052.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Republic Services, Inc. (RSG) remained flat at $$68.28 on Tuesday. 754,748 shares of the company were exchanged, compared to its average volume of 1,211,787. Republic Services, Inc. has a 1-year low of $56.83 and a 1-year high of $69.12. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $22,794.11, a price-to-earnings ratio of 28.93, a PEG ratio of 3.02 and a beta of 0.60.

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

Republic Services announced that its board has approved a stock repurchase 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were given a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 2.02%. The ex-dividend date was Friday, December 29th. Republic Services’s dividend payout ratio is currently 58.47%.

A number of institutional investors and hedge funds have recently bought and sold shares of RSG. Evercore Wealth Management LLC increased its position in shares of Republic Services by 48.6% during the 2nd quarter. Evercore Wealth Management LLC now owns 1,593 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 521 shares during the period. Sun Life Financial INC increased its position in shares of 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 during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of 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 during the period. Cetera Investment Advisers acquired a new position in shares of Republic Services during the 2nd quarter valued at $211,000. Finally, First Allied Advisory Services Inc. acquired a new position in shares of Republic Services during the 2nd quarter valued at $224,000. Hedge funds and other institutional investors own 59.80% of the company’s stock.

RSG has been the topic of a number of research reports. Bank of America dropped their price target on Republic Services from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. Credit Suisse Group dropped their price target on Republic Services from $69.00 to $67.00 and set a “neutral” rating on the stock in a research report on Monday, November 6th. Stifel Nicolaus cut Republic Services from a “buy” rating to a “hold” rating and lowered their target price for the company from $76.00 to $70.00 in a research report on Wednesday, October 4th. Zacks Investment Research upgraded Republic Services from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, BMO Capital Markets lowered their target price on Republic Services from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $68.71.

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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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