Insider Selling: Republic Services, Inc. (RSG) EVP Sells 10,300 Shares of Stock

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Republic Services, Inc. (NYSE:RSG) EVP Brian A. Bales sold 10,300 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $82.64, for a total transaction of $851,192.00. Following the completion of the sale, the executive vice president now directly owns 23,804 shares in the company, valued at approximately $1,967,162.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:RSG traded up $1.07 during mid-day trading on Friday, hitting $83.26. 1,149,113 shares of the stock traded hands, compared to its average volume of 1,273,556. The stock has a market cap of $26.63 billion, a P/E ratio of 26.94, a P/E/G ratio of 2.85 and a beta of 0.57. Republic Services, Inc. has a 12-month low of $66.40 and a 12-month high of $83.26. The company has a current ratio of 0.42, a quick ratio of 0.58 and a debt-to-equity ratio of 0.86.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Republic Services had a net margin of 10.25% and a return on equity of 12.72%. Republic Services’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.74 earnings per share. On average, equities analysts forecast that Republic Services, Inc. will post 3.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.50 annualized dividend and a yield of 1.80%. Republic Services’s dividend payout ratio is currently 48.54%.

Several analysts have recently issued reports on RSG shares. UBS Group lowered shares of Republic Services from a “buy” rating to a “neutral” rating and lowered their price target for the company from $83.00 to $77.00 in a research report on Thursday, January 10th. KeyCorp started coverage on shares of Republic Services in a research report on Monday, February 4th. They issued a “sector weight” rating and a $77.73 price target on the stock. Zacks Investment Research lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, February 11th. Finally, Stifel Nicolaus lowered shares of Republic Services from a “buy” rating to a “hold” rating and set a $86.00 price target on the stock. in a research report on Thursday, April 11th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Republic Services presently has an average rating of “Hold” and an average price target of $81.97.

A number of large investors have recently modified their holdings of the stock. Nissay Asset Management Corp Japan ADV grew its stake in Republic Services by 4.7% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 20,402 shares of the business services provider’s stock valued at $1,640,000 after acquiring an additional 911 shares in the last quarter. Goelzer Investment Management Inc. purchased a new position in Republic Services during the first quarter valued at approximately $899,000. TAP Consulting LLC purchased a new position in Republic Services during the first quarter valued at approximately $233,000. Stephens Inc. AR grew its stake in Republic Services by 19.2% during the first quarter. Stephens Inc. AR now owns 22,666 shares of the business services provider’s stock valued at $1,822,000 after acquiring an additional 3,650 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Republic Services by 26.9% during the first quarter. California Public Employees Retirement System now owns 1,495,977 shares of the business services provider’s stock valued at $120,247,000 after acquiring an additional 316,699 shares in the last quarter. 60.78% of the stock is owned by institutional investors.

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Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.

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Insider Buying and Selling by Quarter for Republic Services (NYSE:RSG)

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