Republic Services, Inc. (NYSE:RSG) CMO Amanda Hodges Sells 6,500 Shares

Republic Services, Inc. (NYSE:RSG) CMO Amanda Hodges sold 6,500 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the transaction, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The transaction 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 $188.56 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 52 week low of $140.07 and a 52 week high of $196.76. The firm’s 50 day moving average is $188.14 and its two-hundred day moving average is $172.87. The firm has a market capitalization of $59.38 billion, a P/E ratio of 33.08, a P/E/G ratio of 3.22 and a beta of 0.67.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.35 by $0.10. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the business earned $1.24 EPS. Republic Services’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts forecast that Republic Services, Inc. will post 6.05 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be paid a dividend of $0.535 per share. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a yield of 1.13%. Republic Services’s dividend payout ratio is presently 37.54%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets raised their price target on Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Morgan Stanley cut shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price target on the stock. in a research report on Friday, March 15th. Royal Bank of Canada assumed coverage on shares of Republic Services in a report on Monday, April 8th. They issued a “sector perform” rating and a $198.00 price objective for the company. Truist Financial increased their target price on shares of Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a report on Wednesday, February 28th. Finally, UBS Group boosted their price target on shares of Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $201.00.

Institutional Investors Weigh In On Republic Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSG. YHB Investment Advisors Inc. acquired a new position in shares of Republic Services in the 1st quarter valued at $29,000. Bogart Wealth LLC acquired a new stake in shares of Republic Services during the fourth quarter worth about $30,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Republic Services during the fourth quarter worth about $34,000. Jones Financial Companies Lllp raised its stake in Republic Services by 3,014.3% during the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 211 shares during the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in Republic Services during the 4th quarter worth approximately $37,000. 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.