Republic Services (NYSE:RSG) EVP Brian Bales Sells 3,400 Shares of Company Stock

Republic Services, Inc. (NYSE:RSG) EVP Brian Bales sold 3,400 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $244.00, for a total transaction of $829,600.00. Following the transaction, the executive vice president owned 17,616 shares in the company, valued at $4,298,304. This represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Republic Services Trading Up 1.0%

Shares of NYSE:RSG opened at $245.35 on Thursday. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $249.37. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.64 and a current ratio of 0.75. The company has a market capitalization of $74.74 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 4.04 and a beta of 0.32. The company has a 50-day simple moving average of $223.85 and a 200 day simple moving average of $217.32.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, October 29th. The business services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.01. The firm had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.42 billion. Republic Services had a return on equity of 18.56% and a net margin of 12.93%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.90 earnings per share. Sell-side analysts forecast that Republic Services, Inc. will post 7.26 earnings per share for the current year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, January 4th. Republic Services’s payout ratio is currently 37.07%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wells Fargo & Company raised their price target on Republic Services from $234.00 to $270.00 and gave the company an “overweight” rating in a report on Monday. BMO Capital Markets set a $244.00 price objective on shares of Republic Services in a report on Thursday, October 15th. Wolfe Research began coverage on shares of Republic Services in a report on Tuesday, September 15th. They issued a “peer perform” rating on the stock. Scotiabank reissued a “sector perform” rating and issued a $236.00 price objective on shares of Republic Services in a research report on Thursday, October 15th. Finally, Raymond James Financial set a $235.00 target price on shares of Republic Services in a research note on Friday, October 9th. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and an average price target of $249.32.

Hedge Funds Weigh In On Republic Services

Institutional investors and hedge funds have recently made changes to their positions in the company. Bell Investment Advisors Inc bought a new position in shares of Republic Services in the 2nd quarter valued at $25,000. Laurel Wealth Advisors LLC acquired a new position in shares of Republic Services during the 3rd quarter worth $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Republic Services during the 2nd quarter worth $27,000. Compass Financial Management LLC bought a new stake in shares of Republic Services during the 2nd quarter worth $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Republic Services by 47.3% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock worth $35,000 after buying an additional 52 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 an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.