Republic Services Inc. (NYSE:RSG) insider Donald W. Slager sold 26,000 shares of Republic Services stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $50.37, for a total transaction of $1,309,620.00. Following the completion of the sale, the insider now directly owns 234,397 shares of the company’s stock, valued at approximately $11,806,576.89. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Republic Services Inc. (NYSE:RSG) opened at 49.92 on Wednesday. The company has a 50-day moving average price of $50.67 and a 200-day moving average price of $49.53. The company has a market capitalization of $17.11 billion, a PE ratio of 23.99 and a beta of 0.54. Republic Services Inc. has a 52 week low of $41.82 and a 52 week high of $52.92.
Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.55. The business earned $2.35 billion during the quarter, compared to the consensus estimate of $2.38 billion. Republic Services had a return on equity of 9.21% and a net margin of 7.85%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. Analysts predict that Republic Services Inc. will post $2.16 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, October 3rd will be issued a $0.32 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.28 dividend on an annualized basis and a yield of 2.56%. Republic Services’s dividend payout ratio is 61.84%.
Institutional investors have recently bought and sold shares of the company. PineBridge Investments L.P. increased its position in Republic Services by 526.7% in the second quarter. PineBridge Investments L.P. now owns 2,933 shares of the company’s stock worth $150,000 after buying an additional 2,465 shares during the period. Mizuho Asset Management Co. Ltd. increased its position in shares of Republic Services by 73.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,005 shares of the company’s stock valued at $154,000 after buying an additional 1,270 shares during the last quarter. Farmers National Bank bought a new position in shares of Republic Services during the second quarter valued at $183,000. Private Bank & Trust Co. bought a new position in shares of Republic Services during the second quarter valued at $213,000. Finally, IFP Advisors Inc increased its position in shares of Republic Services by 45.0% in the first quarter. IFP Advisors Inc now owns 4,198 shares of the company’s stock valued at $200,000 after buying an additional 1,303 shares during the last quarter. Institutional investors and hedge funds own 61.01% of the company’s stock.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Republic Services from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Wednesday, September 28th. Barclays PLC lifted their price objective on shares of Republic Services from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, August 9th. Macquarie assumed coverage on shares of Republic Services in a report on Thursday, August 25th. They set a “neutral” rating and a $53.00 price objective on the stock. Finally, Imperial Capital lifted their price objective on shares of Republic Services from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Tuesday, August 2nd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $51.90.
Republic Services Company Profile
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The Company operates through three segments: East, Central and West. The Company operates in over 40 states and Puerto Rico through approximately 340 collection operations, over 200 transfer stations, over 190 active landfills, approximately 70 recycling centers, approximately 10 treatment, recovery and disposal facilities, and over 10 salt water disposal wells.
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