Republic Services, Inc. (NYSE:RSG) CAO Brian A. Goebel sold 2,000 shares of Republic Services stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $67.57, for a total transaction of $135,140.00. Following the transaction, the chief accounting officer now directly owns 6,696 shares in the company, valued at $452,448.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Republic Services, Inc. (RSG) opened at $68.20 on Friday. Republic Services, Inc. has a twelve month low of $56.83 and a twelve month 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 company has a market capitalization of $22,697.19, a PE ratio of 28.90, a PEG ratio of 3.10 and a beta of 0.60.
Republic Services (NYSE:RSG) last issued its earnings results on Thursday, November 2nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.04. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.54 billion. Republic Services had a return on equity of 10.58% and a net margin of 8.15%. Republic Services’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 earnings per share. research analysts forecast that Republic Services, Inc. will post 2.4 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd were given a $0.345 dividend. The ex-dividend date was Friday, December 29th. This represents a $1.38 annualized dividend and a yield of 2.02%. Republic Services’s payout ratio is currently 58.47%.
Republic Services declared that its Board of Directors has approved a share repurchase plan on Thursday, November 2nd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Several institutional investors have recently made changes to their positions in RSG. Mitsubishi UFJ Asset Management UK Ltd. raised its holdings in Republic Services by 13.5% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 67,300 shares of the business services provider’s stock worth $4,550,000 after purchasing an additional 8,000 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Republic Services by 28.4% in the fourth quarter. State of Alaska Department of Revenue now owns 65,100 shares of the business services provider’s stock worth $4,400,000 after purchasing an additional 14,415 shares in the last quarter. Syntal Capital Partners LLC raised its holdings in Republic Services by 80.6% in the fourth quarter. Syntal Capital Partners LLC now owns 18,736 shares of the business services provider’s stock worth $1,266,000 after purchasing an additional 8,362 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Republic Services by 507.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,823 shares of the business services provider’s stock worth $123,000 after acquiring an additional 1,523 shares during the last quarter. Finally, National Pension Service grew its stake in shares of Republic Services by 7.7% in the fourth quarter. National Pension Service now owns 258,365 shares of the business services provider’s stock worth $17,468,000 after acquiring an additional 18,459 shares during the last quarter. Institutional investors own 59.97% of the company’s stock.
RSG has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $72.00 target price on shares of Republic Services in a research note on Friday, October 13th. Zacks Investment Research upgraded Republic Services from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Stifel Nicolaus cut Republic Services from a “buy” rating to a “hold” rating and lowered their price objective for the company from $76.00 to $70.00 in a research note on Wednesday, October 4th. Credit Suisse Group lowered their price objective on Republic Services from $69.00 to $67.00 and set a “neutral” rating on the stock in a research note on Monday, November 6th. Finally, Bank of America lowered their price objective on Republic Services from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. 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 stock. The company presently has an average rating of “Hold” and a consensus target price of $68.14.
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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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