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 company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Republic Services Stock Up 1.0 %

Republic Services stock opened at $188.56 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53. Republic Services, Inc. has a one year low of $140.07 and a one year high of $196.76. The company has a 50-day simple moving average of $188.14 and a 200-day simple moving average of $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 posted its 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 during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. Republic Services’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities analysts expect that Republic Services, Inc. will post 6.05 earnings per share for the current year.

Republic Services Announces Dividend

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

Wall Street Analysts Forecast Growth

RSG has been the topic of several recent analyst reports. Oppenheimer upped their price target on shares of Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Truist Financial increased their price target on shares of Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group boosted their price objective on Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Citigroup lifted their target price on Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, UBS Group upped their price target on Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $201.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Schechter Investment Advisors LLC lifted its holdings in Republic Services by 19.4% in the third quarter. Schechter Investment Advisors LLC now owns 2,791 shares of the business services provider’s stock worth $398,000 after purchasing an additional 453 shares during the period. abrdn plc lifted its stake in shares of Republic Services by 64.1% in the 4th quarter. abrdn plc now owns 96,531 shares of the business services provider’s stock worth $15,919,000 after acquiring an additional 37,690 shares during the period. Axxcess Wealth Management LLC boosted its holdings in shares of Republic Services by 183.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 8,075 shares of the business services provider’s stock valued at $1,332,000 after acquiring an additional 5,226 shares in the last quarter. First Financial Corp IN increased its stake in shares of Republic Services by 4.7% during the fourth quarter. First Financial Corp IN now owns 2,858 shares of the business services provider’s stock valued at $471,000 after acquiring an additional 128 shares during the period. Finally, SG Americas Securities LLC lifted its position in Republic Services by 217.7% in the fourth quarter. SG Americas Securities LLC now owns 76,038 shares of the business services provider’s stock worth $12,539,000 after purchasing an additional 52,104 shares during the period. 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.