Republic Services, Inc. (NYSE:RSG) COO Sells $1,436,062.60 in Stock

Republic Services, Inc. (NYSE:RSG) COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 owns 10,416 shares of the company’s stock, valued at $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Republic Services Price Performance

Shares of RSG stock traded up $1.07 during mid-day trading on Thursday, hitting $230.73. The company had a trading volume of 1,143,201 shares, compared to its average volume of 1,007,488. Republic Services, Inc. has a 52-week low of $179.62 and a 52-week high of $232.52. The stock’s 50 day moving average price is $212.03 and its 200-day moving average price is $208.11. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The company has a market capitalization 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.

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

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued 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 dividend payout ratio (DPR) is presently 35.75%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday. UBS Group boosted their target price on shares of Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Morgan Stanley boosted their target price on shares of Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Finally, BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $231.75.

Institutional Investors Weigh In On Republic Services

A number of hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp raised its stake in Republic Services by 4.4% during the fourth quarter. Mackenzie Financial Corp now owns 298,648 shares of the business services provider’s stock valued at $60,082,000 after purchasing an additional 12,660 shares in the last quarter. Toronto Dominion Bank raised its stake in Republic Services by 7.3% during the fourth quarter. Toronto Dominion Bank now owns 113,252 shares of the business services provider’s stock valued at $22,784,000 after purchasing an additional 7,735 shares in the last quarter. GTS Securities LLC raised its stake in Republic Services by 4.9% during the fourth quarter. GTS Securities LLC now owns 1,487 shares of the business services provider’s stock valued at $299,000 after purchasing an additional 69 shares in the last quarter. Vise Technologies Inc. raised its stake in Republic Services by 69.4% during the fourth quarter. Vise Technologies Inc. now owns 3,691 shares of the business services provider’s stock valued at $743,000 after purchasing an additional 1,512 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its stake in Republic Services by 49.1% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 1,572 shares of the business services provider’s stock valued at $316,000 after purchasing an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

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.