Insider Buying: Republic Services (NYSE:RSG) Director Acquires 478 Shares of Stock

by · The Cerbat Gem

Republic Services, Inc. (NYSE:RSG – Get Free Report) Director Katharine Weymouth purchased 478 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the acquisition, the director owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. The trade was a 9.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Republic Services Stock Up 1.7%

RSG stock traded up $3.61 during midday trading on Thursday, hitting $211.17. The company’s stock had a trading volume of 1,118,500 shares, compared to its average volume of 1,310,566. The company has a market cap of $65.37 billion, a PE ratio of 31.42, a P/E/G ratio of 3.35 and a beta of 0.54. The firm’s 50-day moving average is $215.50 and its 200-day moving average is $230.85. Republic Services, Inc. has a 12 month low of $199.43 and a 12 month high of $258.75. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG – Get Free Report) last announced its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.12. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.The firm had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same period in the prior year, the company posted $1.81 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts forecast 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 Thursday, January 15th. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, January 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.20%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RSG. Weiss Ratings reissued a “buy (b-)” rating on shares of Republic Services in a report on Monday. National Bankshares decreased their target price on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. Barclays initiated coverage on Republic Services in a research note on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price target on the stock. Sanford C. Bernstein initiated coverage on Republic Services in a research report on Wednesday, November 12th. They set a “market perform” rating and a $205.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $251.10.

Read Our Latest Research Report on Republic Services

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RSG. Financial Consulate Inc. purchased a new stake in Republic Services in the 3rd quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new position in shares of Republic Services in the third quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Republic Services by 121.8% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Cranbrook Wealth Management LLC raised its position in shares of Republic Services by 1,222.2% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 110 shares during the period. Finally, Ameriflex Group Inc. purchased a new position in shares of Republic Services during the 3rd quarter valued at $29,000. Institutional investors own 57.73% of the company’s stock.

About Republic Services

(Get Free Report)

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.

See Also