Republic Services (NYSE:RSG) Director Katharine Weymouth Buys 478 Shares of Stock
by Sarita Garza · The Markets DailyRepublic Services, Inc. (NYSE:RSG – Get Free Report) Director Katharine Weymouth bought 478 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was bought at an average price of $209.46 per share, with a total value of $100,121.88. Following the acquisition, the director owned 5,740 shares in the company, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Republic Services Stock Up 0.3%
Shares of RSG opened at $211.85 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The business has a fifty day moving average of $215.28 and a 200 day moving average of $230.71. The company has a market cap of $65.58 billion, a PE ratio of 31.52, a P/E/G ratio of 3.32 and a beta of 0.54. Republic Services, Inc. has a 52-week low of $199.43 and a 52-week high of $258.75.
Republic Services (NYSE:RSG – Get Free Report) last posted its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.12. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter in the previous year, the business posted $1.81 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.
Republic Services Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, January 2nd. Republic Services’s payout ratio is 37.20%.
Analyst Upgrades and Downgrades
RSG has been the topic of several recent analyst reports. Oppenheimer set a $256.00 price target on Republic Services in a report on Friday, October 31st. Sanford C. Bernstein began coverage on Republic Services in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $205.00 target price on the stock. Wells Fargo & Company assumed coverage on Republic Services in a research report on Thursday, November 13th. They set an “overweight” rating and a $238.00 target price for the company. Jefferies Financial Group set a $248.00 price target on shares of Republic Services and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, UBS Group decreased their price objective on shares of Republic Services from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $251.10.
View Our Latest Analysis on RSG
Institutional Investors Weigh In On Republic Services
Several hedge funds have recently modified their holdings of RSG. Financial Consulate Inc. purchased a new stake in Republic Services during the third quarter worth $25,000. Wealth Watch Advisors INC purchased a new stake in shares of Republic Services during the 3rd quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in Republic Services by 121.8% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. Cranbrook Wealth Management LLC grew its stake in Republic Services by 1,222.2% in the second 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 last quarter. Finally, Ameriflex Group Inc. bought a new position in Republic Services in the third quarter worth about $29,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.
Republic Services Company Profile
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.
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