Brian M. Delghiaccio Sells 5,071 Shares of Republic Services, Inc. (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSG) CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the sale, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Republic Services Stock Up 0.8 %

NYSE:RSG opened at $212.62 on Thursday. Republic Services, Inc. has a 12-month low of $158.68 and a 12-month high of $216.18. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $66.58 billion, a P/E ratio of 34.02, a P/E/G ratio of 3.18 and a beta of 0.70. The stock’s fifty day simple moving average is $204.17 and its 200-day simple moving average is $198.54.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.61 by $0.20. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.54 EPS. Equities research analysts expect that Republic Services, Inc. will post 6.24 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.09%. The ex-dividend date is Thursday, January 2nd. Republic Services’s payout ratio is presently 37.12%.

Analyst Upgrades and Downgrades

Several research firms have commented on RSG. BMO Capital Markets upped their price target on Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. TD Cowen upped their price target on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a report on Monday, August 5th. William Blair initiated coverage on Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Scotiabank initiated coverage on Republic Services in a report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price for the company. Finally, StockNews.com cut Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and an average price target of $215.71.

Institutional Trading of Republic Services

Hedge funds and other institutional investors have recently modified their holdings of the company. FSA Wealth Management LLC acquired a new stake in shares of Republic Services in the 3rd quarter valued at about $25,000. Wolff Wiese Magana LLC increased its position in shares of Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 109 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Republic Services in the first quarter valued at about $29,000. Webster Bank N. A. acquired a new stake in shares of Republic Services in the third quarter valued at about $31,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Republic Services in the third quarter valued at about $34,000. Institutional investors and hedge funds 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.