Gregg Brummer Sells 6,293 Shares of Republic Services, Inc. (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSG) COO Gregg Brummer sold 6,293 shares of the firm’s 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 transaction, 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 Performance

Shares of Republic Services stock opened at $230.73 on Friday. The firm has a market cap of $72.05 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 3.62 and a beta of 0.74. The firm’s 50-day simple moving average is $212.87 and its 200-day simple moving average is $208.51. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. Republic Services, Inc. has a 1 year low of $180.91 and a 1 year high of $232.52.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. Equities analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm 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 dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio is presently 35.75%.

Institutional Investors Weigh In On Republic Services

A number of institutional investors have recently modified their holdings of RSG. FSA Wealth Management LLC bought a new stake in shares of Republic Services during the 3rd quarter valued at about $25,000. Arcadia Investment Management Corp MI grew its position in 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 worth $27,000 after purchasing an additional 88 shares during the last quarter. R Squared Ltd bought a new position in Republic Services in the 4th quarter worth about $32,000. Truvestments Capital LLC bought a new position in Republic Services in the 3rd quarter worth about $34,000. Finally, New Age Alpha Advisors LLC grew its position in 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 worth $36,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

RSG has been the topic of a number of research reports. Oppenheimer raised their target price on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Stifel Nicolaus raised their target price on shares of Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday. The Goldman Sachs Group lifted their price target on shares of Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday. Jefferies Financial Group lifted their price target on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Truist Financial reaffirmed a “buy” rating and set a $250.00 price target (up previously from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.75.

Republic Services Company Profile

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.