Insider Selling: Republic Services, Inc. (NYSE:RSG) CFO Sells $1,065,011.42 in Stock

Republic Services, Inc. (NYSE:RSG) CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Republic Services Stock Up 0.7 %

Republic Services stock opened at $214.06 on Friday. The company’s 50-day moving average price is $204.34 and its two-hundred day moving average price is $198.65. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a market cap of $67.03 billion, a P/E ratio of 34.25, a P/E/G ratio of 3.22 and a beta of 0.70. Republic Services, Inc. has a twelve month low of $159.10 and a twelve month high of $216.18.

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

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio is 37.12%.

Analysts Set New Price Targets

RSG has been the subject of a number of analyst reports. Robert W. Baird raised their target price on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Raymond James decreased their price objective on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Scotiabank initiated coverage on Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price on the stock. Oppenheimer boosted their price target on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada increased their price objective on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $215.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RSG. FSA Wealth Management LLC bought a new stake in shares of Republic Services in the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC lifted its position in shares of Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 109 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Republic Services during the 1st quarter worth $29,000. Webster Bank N. A. acquired a new position in Republic Services in the third quarter valued at about $31,000. Finally, Truvestments Capital LLC bought a new stake in Republic Services during the third quarter worth about $34,000. Institutional investors and hedge funds 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.