Republic Services, Inc. (NYSE:RSG) CFO Sells $1,065,011.42 in Stock

Republic Services, Inc. (NYSE:RSG) CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Republic Services Trading Up 0.7 %

NYSE RSG opened at $214.06 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The business has a fifty day simple moving average of $204.34 and a 200 day simple moving average of $198.65. Republic Services, Inc. has a 12 month low of $159.10 and a 12 month high of $216.18. The firm has a market capitalization of $67.03 billion, a P/E ratio of 34.25, a PEG ratio of 3.22 and a beta of 0.70.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the firm earned $1.54 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Republic Services, Inc. will post 6.24 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.08%. Republic Services’s payout ratio is currently 37.12%.

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of research analyst reports. TD Cowen upped their price target on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Monday, August 5th. Royal Bank of Canada raised their target price on Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. William Blair started coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Oppenheimer raised their price objective on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley increased their target price on shares of Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $215.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSG. FSA Wealth Management LLC purchased a new stake in shares of Republic Services during the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC raised its stake in shares of Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after buying an additional 109 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Republic Services during the 1st quarter valued at $29,000. Webster Bank N. A. bought a new position in shares of Republic Services during the 3rd quarter worth $31,000. Finally, Truvestments Capital LLC bought a new stake in Republic Services in the 3rd quarter valued at about $34,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

About Republic Services

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.