Republic Services, Inc. (NYSE:RSG) CFO Brian M. Delghiaccio Sells 5,071 Shares

Republic Services, Inc. (NYSE:RSGGet Free Report) CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction that occurred 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 trade represents a 44.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Republic Services Price Performance

NYSE RSG traded up $1.83 on Tuesday, reaching $210.91. The company’s stock had a trading volume of 905,926 shares, compared to its average volume of 1,120,746. The firm has a market cap of $66.05 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 3.18 and a beta of 0.70. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a 52 week low of $157.91 and a 52 week high of $216.18. The business has a 50-day moving average price of $203.92 and a 200 day moving average price of $198.26.

Republic Services (NYSE:RSGGet Free Report) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the company earned $1.54 EPS. Republic Services’s revenue was up 6.5% on a year-over-year basis. Sell-side analysts expect that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio is currently 37.12%.

Institutional Trading of Republic Services

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

Analysts Set New Price Targets

A number of analysts recently issued reports on RSG shares. Raymond James decreased their target price on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Robert W. Baird boosted their target price on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Scotiabank began coverage on shares of Republic Services in a report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price target for the company. Stifel Nicolaus lifted their price objective on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, William Blair began coverage on shares of Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.71.

Read Our Latest Report on Republic Services

About Republic Services

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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.

Further Reading

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