Tomago Collins Sells 4,102 Shares of Republic Services, Inc. (RSG) Stock

Republic Services, Inc. (NYSE:RSG) Director Tomago Collins sold 4,102 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $80.59, for a total value of $330,580.18. Following the completion of the transaction, the director now directly owns 14,821 shares in the company, valued at $1,194,424.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NYSE:RSG traded up $0.86 during mid-day trading on Monday, reaching $79.08. The stock had a trading volume of 1,317,565 shares, compared to its average volume of 1,283,635. The company has a market capitalization of $25.41 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 2.69 and a beta of 0.58. Republic Services, Inc. has a 1-year low of $64.13 and a 1-year high of $81.20. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.58 and a current ratio of 0.58.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.02. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.54 billion. Republic Services had a return on equity of 12.84% and a net margin of 10.33%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.61 earnings per share. On average, equities research analysts forecast that Republic Services, Inc. will post 3.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be paid a $0.375 dividend. The ex-dividend date of this dividend is Friday, March 29th. This represents a $1.50 dividend on an annualized basis and a yield of 1.90%. Republic Services’s dividend payout ratio (DPR) is 48.54%.

A number of brokerages have recently issued reports on RSG. UBS Group lowered Republic Services from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $83.00 to $77.00 in a research report on Thursday, January 10th. Zacks Investment Research raised Republic Services from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd. Finally, Stifel Nicolaus lowered Republic Services from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $79.10.

A number of large investors have recently bought and sold shares of RSG. Private Advisor Group LLC acquired a new position in Republic Services in the third quarter valued at approximately $243,000. American International Group Inc. raised its holdings in shares of Republic Services by 2.6% during the third quarter. American International Group Inc. now owns 124,029 shares of the business services provider’s stock valued at $9,012,000 after buying an additional 3,149 shares during the last quarter. FMR LLC raised its holdings in shares of Republic Services by 1.6% during the third quarter. FMR LLC now owns 60,916 shares of the business services provider’s stock valued at $4,426,000 after buying an additional 935 shares during the last quarter. CIBC World Markets Inc. raised its holdings in shares of Republic Services by 3.5% during the third quarter. CIBC World Markets Inc. now owns 20,990 shares of the business services provider’s stock valued at $1,525,000 after buying an additional 714 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Republic Services by 18.5% during the third quarter. Canada Pension Plan Investment Board now owns 339,310 shares of the business services provider’s stock valued at $24,654,000 after buying an additional 53,000 shares during the last quarter. Institutional investors and hedge funds own 60.76% of the company’s stock.

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About Republic Services

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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