Insider Selling: Republic Services, Inc. (NYSE:RSG) COO Sells 6,293 Shares of Stock

Republic Services, Inc. (NYSE:RSG) COO Gregg Brummer sold 6,293 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Republic Services Stock Up 0.5 %

Shares of RSG stock traded up $1.07 during mid-day trading on Thursday, hitting $230.73. 1,143,201 shares of the stock traded hands, compared to its average volume of 1,007,488. The stock has a market cap of $72.05 billion, a P/E ratio of 35.55, a P/E/G ratio of 3.61 and a beta of 0.74. The stock’s fifty day moving average is $212.03 and its two-hundred day moving average is $208.11. Republic Services, Inc. has a 52-week low of $179.62 and a 52-week high of $232.52. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.37 by $0.21. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same period in the prior year, the firm posted $1.41 earnings per share. Equities analysts predict that Republic Services, Inc. will post 6.85 EPS for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is currently 35.75%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RSG shares. CIBC upped their price target on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and upped their price target for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Morgan Stanley upped their price target on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Oppenheimer upped their price target on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, UBS Group upped their price target on shares of Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.75.

Hedge Funds Weigh In On Republic Services

Several hedge funds and other institutional investors have recently modified their holdings of RSG. FSA Wealth Management LLC purchased a new position in shares of Republic Services in the 3rd quarter valued at approximately $25,000. Arcadia Investment Management Corp MI raised its position in shares of Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 88 shares during the last quarter. R Squared Ltd purchased a new position in shares of Republic Services in the 4th quarter valued at approximately $32,000. Truvestments Capital LLC purchased a new position in shares of Republic Services in the 3rd quarter valued at approximately $34,000. Finally, New Age Alpha Advisors LLC raised its position in shares of Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. 57.73% of the stock is 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.