News stories about Republic Services (NYSE:RSG) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Republic Services earned a news impact score of 0.15 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.3426281956791 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- King Luther Capital Management Corp Has $5.39 Million Position in Republic Services, Inc. (RSG) (americanbankingnews.com)
- Zacks: Brokerages Anticipate Republic Services, Inc. (RSG) Will Post Quarterly Sales of $2.42 Billion (americanbankingnews.com)
- Republic Services, Inc. (RSG) Stake Decreased by Bbva Compass Bancshares Inc. (americanbankingnews.com)
- Bank of New York Mellon Corp Has $110.12 Million Holdings in Republic Services, Inc. (RSG) (americanbankingnews.com)
- American International Group Inc. Boosts Stake in Republic Services, Inc. (RSG) (americanbankingnews.com)
Shares of Republic Services (RSG) traded up $0.13 during midday trading on Wednesday, reaching $67.18. 2,765,634 shares of the company traded hands, compared to its average volume of 1,700,000. The company has a market capitalization of $22,250.00, a price-to-earnings ratio of 17.77, a PEG ratio of 2.13 and a beta of 0.54. Republic Services has a fifty-two week low of $60.26 and a fifty-two week high of $69.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.55 and a current ratio of 0.55.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be paid a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 2.05%. The ex-dividend date is Thursday, March 29th. Republic Services’s dividend payout ratio is presently 36.51%.
Republic Services declared that its Board of Directors has initiated a stock buyback program on Thursday, November 2nd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
RSG has been the topic of a number of analyst reports. Credit Suisse Group reduced their price objective on shares of Republic Services from $69.00 to $67.00 and set a “neutral” rating on the stock in a research note on Monday, November 6th. Zacks Investment Research raised shares of Republic Services from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Monday, January 22nd. Stifel Nicolaus raised shares of Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the company from $70.00 to $73.00 in a research note on Thursday, January 4th. BMO Capital Markets reduced their price objective on shares of Republic Services from $74.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, February 9th. Finally, Bank of America upped their price objective on shares of Republic Services from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $68.57.
In related news, Director Ramon A. Rodriguez sold 4,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $66.27, for a total transaction of $265,080.00. Following the transaction, the director now directly owns 4,118 shares of the company’s stock, valued at $272,899.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Brian A. Goebel sold 2,000 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $67.88, for a total transaction of $135,760.00. Following the transaction, the chief accounting officer now directly owns 6,696 shares in the company, valued at $454,524.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,628 shares of company stock worth $1,248,122. 0.40% of the stock is owned by insiders.
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About Republic Services
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
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