Republic Services (NYSE:RSG) Stock: Insider Brian Bales Sells 3,400 Shares

Republic Services, Inc. (NYSE:RSG) EVP Brian Bales sold 3,400 shares of Republic Services stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $244.00, for a total transaction of $829,600.00. Following the completion of the sale, the executive vice president owned 17,616 shares of the company’s stock, valued at approximately $4,298,304. The trade was a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Republic Services Stock Performance

NYSE:RSG opened at $249.16 on Friday. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $254.39. The stock has a fifty day moving average price of $224.40 and a 200-day moving average price of $217.51. 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 cap of $75.91 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 4.08 and a beta of 0.32.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, October 29th. The business services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.93 by $0.01. Republic Services had a net margin of 12.93% and a return on equity of 18.56%. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the business earned $1.90 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. As a group, equities analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, January 4th. Republic Services’s dividend payout ratio (DPR) is presently 37.07%.

More Republic Services News

Here are the key news stories impacting Republic Services this week:

• Positive Sentiment: Citigroup raised its price target to $281 from $259 and reiterated a Buy rating, suggesting it sees further upside. Barclays was also reported as forecasting strong price appreciation. Citigroup analyst coverage Barclays analyst coverage
• Positive Sentiment: A recent commentary highlighted the appeal of steady, predictable businesses during market volatility—a profile that may benefit Republic Services’ recurring waste-collection and disposal services. Commentary on defensive stocks
• Neutral Sentiment: Recent quarterly results offer business fundamentals: revenue rose 8.2% year over year to $4.56 billion, above estimates, while earnings per share of $1.94 narrowly beat consensus. These results were reported before the current news window. Republic Services company and trading information
• Negative Sentiment: EVP Brian Bales sold 3,400 shares for $829,600, reducing his holdings by 16.18%. He still owns 17,616 shares, so the sale may be a limited negative signal rather than clear evidence of a change in company outlook. Report on insider stock sale

Institutional Investors Weigh In On Republic Services

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Republic Services during the 2nd quarter valued at about $3,798,092,000. Bank of America Corp DE purchased a new stake in Republic Services during the 2nd quarter valued at $682,573,000. Legal & General Group Plc purchased a new position in Republic Services during the second quarter worth $245,506,000. Deutsche Bank AG purchased a new position in Republic Services during the second quarter worth $236,628,000. Finally, Bank of New York Mellon Corp bought a new position in Republic Services during the second quarter valued at $220,527,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Barclays upped their price target on shares of Republic Services from $240.00 to $254.00 and gave the company an “equal weight” rating in a research report on Monday. Wolfe Research began coverage on Republic Services in a report on Tuesday, September 15th. They issued a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Republic Services from $270.00 to $258.00 in a research report on Friday, October 9th. UBS Group increased their price target on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Finally, Scotiabank restated a “sector perform” rating and set a $236.00 target price on shares of Republic Services in a research report on Thursday, October 15th. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $249.32.

Republic Services Company Profile

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.