Republic Services, Inc. (RSG) EVP Jeffrey A. Hughes Sells 6,329 Shares
Republic Services, Inc. (NYSE:RSG) EVP Jeffrey A. Hughes sold 6,329 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $66.50, for a total value of $420,878.50. Following the completion of the transaction, the executive vice president now directly owns 428 shares in the company, valued at $28,462. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Republic Services, Inc. (NYSE RSG) traded up 0.7117% during midday trading on Thursday, reaching $66.8021. The company’s stock had a trading volume of 249,260 shares. The stock has a 50-day moving average of $64.70 and a 200 day moving average of $63.64. The firm has a market capitalization of $22.50 billion, a P/E ratio of 34.2927 and a beta of 0.60. Republic Services, Inc. has a 12-month low of $49.18 and a 12-month high of $66.85.
Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Equities research analysts predict that Republic Services, Inc. will post $2.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a $0.345 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from Republic Services’s previous quarterly dividend of $0.32. Republic Services’s dividend payout ratio is 65.64%.
A number of equities analysts recently commented on RSG shares. Zacks Investment Research raised Republic Services from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Friday, July 14th. KeyCorp reaffirmed a “hold” rating on shares of Republic Services in a report on Thursday, August 24th. BMO Capital Markets assumed coverage on Republic Services in a report on Thursday, June 29th. They issued an “outperform” rating and a $71.00 target price on the stock. Credit Suisse Group set a $69.00 price target on Republic Services and gave the stock a “hold” rating in a research note on Saturday, July 29th. Finally, Barclays PLC reiterated a “neutral” rating on shares of Republic Services in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Republic Services currently has a consensus rating of “Hold” and a consensus price target of $71.88.
Several institutional investors have recently modified their holdings of RSG. Evercore Wealth Management LLC raised its position in shares of Republic Services by 48.6% in the second quarter. Evercore Wealth Management LLC now owns 1,593 shares of the business services provider’s stock worth $102,000 after acquiring an additional 521 shares during the period. Sun Life Financial INC raised its position in shares of Republic Services by 20,900.0% in the second quarter. Sun Life Financial INC now owns 1,680 shares of the business services provider’s stock worth $107,000 after acquiring an additional 1,672 shares during the period. Almanack Investment Partners LLC. acquired a new position in shares of Republic Services in the second quarter worth about $141,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Republic Services by 59.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,903 shares of the business services provider’s stock worth $185,000 after acquiring an additional 1,078 shares during the period. Finally, Acrospire Investment Management LLC acquired a new position in shares of Republic Services in the second quarter worth about $191,000. Institutional investors and hedge funds own 60.59% of the company’s stock.
Republic Services Company Profile
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
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