Republic Services, Inc. (NYSE:RSG) CAO Brian A. Goebel sold 3,000 shares of Republic Services stock in a transaction on Thursday, January 10th. The stock was sold at an average price of $72.97, for a total value of $218,910.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Republic Services stock opened at $74.65 on Friday. The firm has a market capitalization of $23.99 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 2.11 and a beta of 0.61. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.95. Republic Services, Inc. has a 12 month low of $60.26 and a 12 month high of $78.54.
Republic Services (NYSE:RSG) last issued its earnings results on Thursday, October 25th. The business services provider reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.01. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Republic Services had a return on equity of 12.11% and a net margin of 13.90%. As a group, analysts predict that Republic Services, Inc. will post 3.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be given a $0.375 dividend. The ex-dividend date is Monday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 2.01%. Republic Services’s dividend payout ratio (DPR) is presently 61.73%.
RSG has been the topic of a number of recent research reports. Bank of America cut Republic Services from a “buy” rating to a “neutral” rating and set a $74.00 target price on the stock. in a report on Wednesday, October 24th. Oppenheimer reaffirmed a “hold” rating on shares of Republic Services in a research report on Friday, October 26th. BMO Capital Markets decreased their target price on Republic Services from $79.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, October 26th. Goldman Sachs Group raised Republic Services to a “hold” rating and set a $79.00 target price for the company in a research report on Tuesday, December 4th. Finally, Zacks Investment Research raised Republic Services from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Thursday, December 20th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Republic Services has an average rating of “Hold” and a consensus target price of $74.88.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSG. Matthew Goff Investment Advisor LLC boosted its position in Republic Services by 2,317.5% during 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 purchasing an additional 11,759,274 shares during the last quarter. American Century Companies Inc. boosted its position in Republic Services by 16.4% during the third quarter. American Century Companies Inc. now owns 7,468,603 shares of the business services provider’s stock valued at $542,669,000 after purchasing an additional 1,053,773 shares during the last quarter. Schroder Investment Management Group boosted its position in Republic Services by 2,119.0% during the third quarter. Schroder Investment Management Group now owns 405,053 shares of the business services provider’s stock valued at $29,431,000 after purchasing an additional 386,799 shares during the last quarter. Morgan Stanley boosted its position in Republic Services by 29.7% during the second quarter. Morgan Stanley now owns 1,600,693 shares of the business services provider’s stock valued at $109,424,000 after purchasing an additional 366,972 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in Republic Services by 17.1% during the third quarter. Pictet Asset Management Ltd. now owns 1,983,254 shares of the business services provider’s stock valued at $144,103,000 after purchasing an additional 290,097 shares during the last quarter. 59.23% of the stock is owned by hedge funds and other institutional investors.
Republic Services Company Profile
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; supply of waste containers; and renting of compactors.
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