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.
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.
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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