Republic Services, Inc. (NYSE:RSG - Get Free Report) CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction on 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 sale, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Republic Services Price Performance
Shares of RSG stock opened at $210.91 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a 12-month low of $157.91 and a 12-month high of $216.18. The firm has a fifty day moving average of $204.01 and a 200-day moving average of $198.44. The firm has a market capitalization of $66.05 billion, a price-to-earnings ratio of 33.75, a price-to-earnings-growth ratio of 3.18 and a beta of 0.70.
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Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (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 company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company earned $1.54 earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Republic Services, Inc. will post 6.24 earnings per share for the current year.
Republic Services Announces Dividend
The business also recently declared 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 payout ratio is currently 37.12%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. TD Cowen increased their price objective on shares of Republic Services from $195.00 to $200.00 and gave the stock a "hold" rating in a report on Monday, August 5th. Truist Financial raised their price target on shares of Republic Services from $220.00 to $244.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. StockNews.com downgraded Republic Services from a "strong-buy" rating to a "buy" rating in a report on Thursday, August 1st. Oppenheimer lifted their target price on Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley upped their price target on Republic Services from $208.00 to $217.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Republic Services currently has a consensus rating of "Moderate Buy" and an average target price of $215.71.
Check Out Our Latest Report on RSG
Institutional Investors Weigh In On Republic Services
Several large investors have recently made changes to their positions in RSG. Unigestion Holding SA boosted its stake in Republic Services by 40.8% in the 3rd quarter. Unigestion Holding SA now owns 179,703 shares of the business services provider's stock worth $36,088,000 after purchasing an additional 52,056 shares during the period. TCW Group Inc. boosted its position in shares of Republic Services by 13.0% during the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider's stock worth $23,013,000 after buying an additional 13,138 shares during the period. Rehmann Capital Advisory Group grew its holdings in shares of Republic Services by 3.1% during the third quarter. Rehmann Capital Advisory Group now owns 2,023 shares of the business services provider's stock worth $409,000 after buying an additional 61 shares in the last quarter. Toronto Dominion Bank lifted its stake in Republic Services by 2.1% in the 3rd quarter. Toronto Dominion Bank now owns 105,517 shares of the business services provider's stock valued at $21,192,000 after acquiring an additional 2,144 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in Republic Services by 16.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,320 shares of the business services provider's stock worth $673,000 after acquiring an additional 457 shares during the last quarter. Institutional investors own 57.73% of the company's stock.
Republic Services Company Profile
(
Get Free Report)
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.
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