Amanda Hodges Sells 6,500 Shares of Republic Services, Inc. (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSG) CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction dated 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 owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Republic Services Trading Down 0.6 %

NYSE RSG opened at $187.34 on Thursday. Republic Services, Inc. has a one year low of $140.07 and a one year high of $196.76. The firm has a market cap of $59.00 billion, a PE ratio of 32.87, a P/E/G ratio of 3.22 and a beta of 0.67. The firm’s fifty day moving average is $188.14 and its two-hundred day moving average is $172.87. 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 (NYSE:RSG) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the business earned $1.24 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. Analysts expect that Republic Services, Inc. will post 6.05 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be given a dividend of $0.535 per share. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a yield of 1.14%. Republic Services’s payout ratio is currently 37.54%.

Analyst Ratings Changes

RSG has been the subject of several analyst reports. Truist Financial boosted their price target on shares of Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a report on Wednesday, February 28th. The Goldman Sachs Group upped their price objective on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. BMO Capital Markets raised their target price on Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. UBS Group increased their price target on shares of Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company increased their target price on shares of Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $201.00.

Institutional Trading of Republic Services

Several hedge funds and other institutional investors have recently made changes to their positions in the company. YHB Investment Advisors Inc. purchased a new stake in Republic Services in the 1st quarter valued at approximately $29,000. Bogart Wealth LLC acquired a new position in Republic Services during the fourth quarter worth $30,000. Turtle Creek Wealth Advisors LLC purchased a new position in Republic Services in the fourth quarter worth $34,000. Jones Financial Companies Lllp lifted its holdings in Republic Services by 3,014.3% in the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 211 shares during the period. Finally, BKM Wealth Management LLC acquired a new position in shares of Republic Services during the 4th quarter worth $37,000. Hedge funds and other institutional investors 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.