Katharine Weymouth Sells 1,859 Shares of Republic Services, Inc. (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSG) Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares of the company’s stock, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Republic Services Price Performance

RSG traded down $4.32 during trading on Monday, reaching $212.36. 1,022,295 shares of the stock were exchanged, compared to its average volume of 1,115,527. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $66.50 billion, a price-to-earnings ratio of 33.98, a P/E/G ratio of 3.31 and a beta of 0.71. Republic Services, Inc. has a 1 year low of $160.65 and a 1 year high of $220.58. The business’s 50 day moving average price is $207.79 and its two-hundred day moving average price is $201.26.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm earned $1.54 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.24 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s payout ratio is currently 37.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Scotiabank initiated coverage on shares of Republic Services in a report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price on the stock. Morgan Stanley increased their target price on shares of Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Oppenheimer boosted their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. CIBC upped their price target on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Finally, William Blair began coverage on shares of Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.88.

Institutional Trading of Republic Services

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Czech National Bank raised its stake in Republic Services by 8.4% during the second quarter. Czech National Bank now owns 39,008 shares of the business services provider’s stock worth $7,581,000 after purchasing an additional 3,024 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Republic Services by 2.1% in the second quarter. Sequoia Financial Advisors LLC now owns 3,229 shares of the business services provider’s stock valued at $627,000 after acquiring an additional 67 shares during the last quarter. Wedmont Private Capital grew its position in Republic Services by 12.0% during the second quarter. Wedmont Private Capital now owns 2,189 shares of the business services provider’s stock valued at $438,000 after acquiring an additional 234 shares during the period. Diversified Trust Co acquired a new stake in Republic Services during the second quarter worth about $258,000. Finally, NorthCrest Asset Manangement LLC raised its holdings in shares of Republic Services by 2.2% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 41,132 shares of the business services provider’s stock worth $7,994,000 after purchasing an additional 898 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

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.