Insider Selling: Republic Services (NYSE:RSG) Director Sells 1,800 Shares of Stock

Republic Services, Inc. (NYSE:RSG) Director Sandra Volpe sold 1,800 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the sale, the director owned 58 shares of the company’s stock, valued at $12,254.24. This represents a 96.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Republic Services Trading Down 2.0%

NYSE:RSG traded down $4.29 on Thursday, hitting $208.30. 1,598,840 shares of the stock were exchanged, compared to its average volume of 1,763,139. The stock has a market cap of $64.09 billion, a PE ratio of 29.89, a PEG ratio of 3.50 and a beta of 0.41. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.11. The stock has a fifty day moving average of $209.27 and a 200-day moving average of $214.63. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $253.38.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Friday, May 8th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same period in the prior year, the firm posted $1.58 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. As a group, equities analysts expect that Republic Services, Inc. will post 7.28 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, July 2nd. Republic Services’s dividend payout ratio is currently 36.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RSG shares. Robert W. Baird lowered their price target on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Morgan Stanley lowered their price target on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. UBS Group lowered their price target on shares of Republic Services from $240.00 to $223.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Wolfe Research started coverage on shares of Republic Services in a report on Friday, March 13th. They set a “peer perform” rating for the company. Finally, Weiss Ratings downgraded shares of Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Eleven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.26.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. First National Bank of Mount Dora Trust Investment Services acquired a new position in Republic Services in the first quarter valued at approximately $2,941,000. Parallel Advisors LLC boosted its stake in Republic Services by 6.1% in the first quarter. Parallel Advisors LLC now owns 4,239 shares of the business services provider’s stock valued at $929,000 after acquiring an additional 244 shares during the period. Keel Point LLC boosted its stake in Republic Services by 4.9% in the first quarter. Keel Point LLC now owns 1,530 shares of the business services provider’s stock valued at $335,000 after acquiring an additional 71 shares during the period. Glenmede Trust Co. NA grew its stake in Republic Services by 1.0% during the 1st quarter. Glenmede Trust Co. NA now owns 10,465 shares of the business services provider’s stock worth $2,292,000 after buying an additional 100 shares during the last quarter. Finally, Groupama Asset Managment grew its stake in Republic Services by 4.2% during the 1st quarter. Groupama Asset Managment now owns 4,285 shares of the business services provider’s stock worth $939,000 after buying an additional 174 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.