Republic Services, Inc. (NYSE:RSG) reached a new 52-week high on Thursday . The stock traded as high as $79.42 and last traded at $79.36, with a volume of 820113 shares. The stock had previously closed at $78.41.
RSG has been the subject of several recent analyst reports. Goldman Sachs Group upgraded shares of Republic Services to a “hold” rating and set a $79.00 price objective for the company in a research report on Tuesday, December 4th. Zacks Investment Research upgraded shares of Republic Services from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Thursday, December 20th. UBS Group cut shares of Republic Services from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $83.00 to $77.00 in a research report on Thursday, January 10th. Finally, KeyCorp initiated coverage on shares of Republic Services in a research report on Monday, February 4th. They set a “sector weight” rating and a $77.73 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $76.59.
The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $25.35 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58.
Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Republic Services had a net margin of 10.33% and a return on equity of 12.84%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the company posted $0.61 earnings per share. Equities research analysts forecast that Republic Services, Inc. will post 3.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, March 29th. Republic Services’s payout ratio is 48.54%.
In other Republic Services news, CAO Brian A. Goebel sold 2,000 shares of the firm’s stock in a transaction on Thursday, January 17th. The shares were sold at an average price of $74.25, for a total value of $148,500.00. Following the completion of the sale, the chief accounting officer now directly owns 8,186 shares in the company, valued at $607,810.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brian A. Goebel sold 3,000 shares of the firm’s stock in a transaction on Thursday, January 10th. The stock was sold at an average price of $72.97, for a total transaction of $218,910.00. Following the completion of the sale, the chief accounting officer now owns 9,186 shares of the company’s stock, valued at $670,302.42. The disclosure for this sale can be found here. Insiders sold 8,000 shares of company stock valued at $581,220 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.
A number of large investors have recently bought and sold shares of RSG. BlackRock Inc. lifted its stake in shares of Republic Services by 8.4% in the fourth quarter. BlackRock Inc. now owns 20,563,044 shares of the business services provider’s stock valued at $1,482,389,000 after buying an additional 1,600,885 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of Republic Services by 0.6% in the third quarter. Vanguard Group Inc now owns 18,743,008 shares of the business services provider’s stock valued at $1,361,867,000 after buying an additional 115,598 shares in the last quarter. Matthew Goff Investment Advisor LLC lifted its stake in shares of Republic Services by 2,317.5% in the third quarter. Matthew Goff Investment Advisor LLC now owns 12,266,686 shares of the business services provider’s stock valued at $507,412,000 after buying an additional 11,759,274 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Republic Services by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,206,334 shares of the business services provider’s stock valued at $303,237,000 after buying an additional 118,090 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Republic Services by 9.3% in the fourth quarter. Geode Capital Management LLC now owns 3,819,787 shares of the business services provider’s stock valued at $275,009,000 after buying an additional 324,355 shares in the last quarter. Institutional investors and hedge funds own 59.46% of the company’s stock.
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About Republic Services (NYSE:RSG)
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.
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