Insider Selling: Republic Services, Inc. (NYSE:RSG) CFO Sells 5,071 Shares of Stock

Republic Services, Inc. (NYSE:RSG) CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Republic Services Price Performance

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

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

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.12%.

Analysts Set New Price Targets

RSG has been the subject of several research reports. Oppenheimer raised their price target on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their price target on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Morgan Stanley upped their price objective on Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their target price on shares of Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Finally, Raymond James decreased their price objective on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $215.71.

Institutional Trading of Republic Services

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its position in Republic Services by 15.2% during the third quarter. Assenagon Asset Management S.A. now owns 5,663 shares of the business services provider’s stock valued at $1,137,000 after acquiring an additional 746 shares during the last quarter. Lifeworks Advisors LLC grew its holdings in shares of Republic Services by 1,112.3% in the third quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock valued at $4,312,000 after acquiring an additional 19,698 shares in the last quarter. PGGM Investments increased its position in shares of Republic Services by 264.3% during the 2nd quarter. PGGM Investments now owns 8,842 shares of the business services provider’s stock valued at $1,718,000 after purchasing an additional 6,415 shares during the last quarter. Natixis raised its position in Republic Services by 78.6% in the first quarter. Natixis now owns 27,858 shares of the business services provider’s stock worth $5,333,000 after acquiring an additional 12,260 shares during the period. Finally, YCG LLC raised its holdings in shares of Republic Services by 2.2% in the 3rd quarter. YCG LLC now owns 208,232 shares of the business services provider’s stock worth $41,821,000 after purchasing an additional 4,428 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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.