Insider Selling: Republic Services, Inc. (NYSE:RSG) COO Sells $1,436,062.60 in Stock

Republic Services, Inc. (NYSE:RSG) COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the transaction, the chief operating officer now owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Republic Services Trading Down 0.1 %

Shares of NYSE RSG opened at $230.73 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The business has a fifty day simple moving average of $212.87 and a two-hundred day simple moving average of $208.60. The firm has a market cap of $72.05 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. Republic Services, Inc. has a twelve month low of $180.91 and a twelve month high of $232.52.

Republic Services (NYSE:RSG) last issued its earnings results 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. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period in the previous year, the company posted $1.41 EPS. Analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is 35.75%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RSG. Creative Planning raised its position in shares of Republic Services by 8.1% in the 3rd quarter. Creative Planning now owns 31,447 shares of the business services provider’s stock worth $6,316,000 after acquiring an additional 2,360 shares in the last quarter. Whittier Trust Co. raised its position in shares of Republic Services by 14.5% in the 3rd quarter. Whittier Trust Co. now owns 1,162 shares of the business services provider’s stock worth $233,000 after acquiring an additional 147 shares in the last quarter. Eastern Bank bought a new position in shares of Republic Services in the 3rd quarter worth $673,000. Waldron Private Wealth LLC increased its position in Republic Services by 6.3% during the 3rd quarter. Waldron Private Wealth LLC now owns 1,549 shares of the business services provider’s stock valued at $311,000 after buying an additional 92 shares in the last quarter. Finally, Segment Wealth Management LLC increased its position in Republic Services by 99.7% during the 3rd quarter. Segment Wealth Management LLC now owns 5,147 shares of the business services provider’s stock valued at $1,034,000 after buying an additional 2,570 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Stifel Nicolaus lifted their target price on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. William Blair reiterated an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. Morgan Stanley lifted their target price on Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. The Goldman Sachs Group boosted their price objective on Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Jefferies Financial Group boosted their price objective on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.41.

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.