Republic Services, Inc. (NYSE:RSG) CAO Brian A. Goebel sold 2,000 shares of Republic Services stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $67.88, for a total value of $135,760.00. Following the completion of the transaction, the chief accounting officer now directly owns 6,696 shares in the company, valued at $454,524.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Republic Services, Inc. (RSG) traded down $0.18 during trading hours on Friday, reaching $68.26. The company’s stock had a trading volume of 1,554,340 shares, compared to its average volume of 1,615,660. Republic Services, Inc. has a 52-week low of $56.17 and a 52-week high of $69.12. The company has a market capitalization of $22,880.00, a PE ratio of 28.92, a price-to-earnings-growth ratio of 3.06 and a beta of 0.61. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.93.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.54 billion. Republic Services had a return on equity of 10.58% and a net margin of 8.15%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 earnings per share. equities research analysts forecast that Republic Services, Inc. will post 2.4 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Friday, December 29th. Republic Services’s dividend payout ratio is currently 58.47%.

Republic Services declared that its board has approved a share repurchase program on Thursday, November 2nd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

A number of institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. boosted its stake in Republic Services by 0.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,821 shares of the business services provider’s stock worth $307,000 after purchasing an additional 16 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Republic Services by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 5,383 shares of the business services provider’s stock valued at $342,000 after acquiring an additional 78 shares during the period. Peloton Wealth Strategists lifted its stake in shares of Republic Services by 0.3% during the second quarter. Peloton Wealth Strategists now owns 47,068 shares of the business services provider’s stock valued at $3,368,000 after acquiring an additional 138 shares during the period. Johnson Financial Group Inc. lifted its stake in shares of Republic Services by 1.2% during the second quarter. Johnson Financial Group Inc. now owns 14,368 shares of the business services provider’s stock valued at $916,000 after acquiring an additional 170 shares during the period. Finally, Thrivent Financial For Lutherans lifted its stake in shares of Republic Services by 2.6% during the second quarter. Thrivent Financial For Lutherans now owns 8,700 shares of the business services provider’s stock valued at $554,000 after acquiring an additional 220 shares during the period. 59.90% of the stock is currently owned by institutional investors.

Several research analysts have commented on the company. Stifel Nicolaus raised Republic Services from a “hold” rating to a “buy” rating and lifted their price target for the stock from $70.00 to $73.00 in a research report on Thursday. Zacks Investment Research cut Republic Services from a “hold” rating to a “sell” rating in a research report on Tuesday. BMO Capital Markets lowered their price objective on Republic Services from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. Credit Suisse Group lowered their price objective on Republic Services from $69.00 to $67.00 and set a “neutral” rating on the stock in a research report on Monday, November 6th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of Republic Services in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $68.14.

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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.

Insider Buying and Selling by Quarter for Republic Services (NYSE:RSG)

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