Republic Services, Inc. (NYSE:RSG – Get Free Report) Director Sandra Volpe sold 1,800 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the transaction, the director owned 58 shares of the company’s stock, valued at approximately $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Republic Services Stock Performance
Republic Services stock traded down $4.29 during midday trading on Thursday, reaching $208.30. 1,598,840 shares of the stock traded hands, compared to its average volume of 1,763,139. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.11. The firm has a fifty day moving average price of $209.27 and a two-hundred day moving average price of $214.63. The firm has a market cap of $64.09 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 3.50 and a beta of 0.41. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $253.38.
Republic Services (NYSE:RSG – Get Free Report) last posted its earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.10 billion. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. Republic Services’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 EPS. On average, equities research analysts forecast that Republic Services, Inc. will post 7.28 earnings per share for the current year.
Republic Services Dividend Announcement
Wall Street Analyst Weigh In
A number of research analysts have issued reports on RSG shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $249.00 target price on shares of Republic Services in a research note on Friday, May 8th. UBS Group reduced their price objective on shares of Republic Services from $240.00 to $223.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. JPMorgan Chase & Co. upped their price objective on shares of Republic Services from $233.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Barclays upped their price objective on shares of Republic Services from $227.00 to $233.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Finally, Weiss Ratings downgraded shares of Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $243.26.
Institutional Investors Weigh In On Republic Services
A number of institutional investors and hedge funds have recently modified their holdings of RSG. Norges Bank acquired a new stake in shares of Republic Services during the 4th quarter valued at $617,165,000. Capital World Investors lifted its position in shares of Republic Services by 27.7% during the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock valued at $1,857,698,000 after acquiring an additional 1,899,183 shares during the last quarter. Morgan Stanley lifted its position in shares of Republic Services by 38.6% during the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock valued at $1,133,509,000 after acquiring an additional 1,490,719 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Republic Services by 68.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,256,190 shares of the business services provider’s stock valued at $497,828,000 after acquiring an additional 913,249 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Republic Services by 18.9% in the 4th quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock valued at $1,074,513,000 after acquiring an additional 807,525 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.
Republic Services Company Profile
Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.
Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.
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