Tomago Collins Sells 3,200 Shares of Republic Services, Inc. (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSG) Director Tomago Collins sold 3,200 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the sale, the director now directly owns 17,486 shares of the company’s stock, valued at $3,549,832.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Republic Services Stock Performance

Republic Services stock traded up $1.69 during mid-day trading on Monday, reaching $204.96. The company’s stock had a trading volume of 574,390 shares, compared to its average volume of 1,211,336. The company has a market capitalization of $64.55 billion, a P/E ratio of 35.96, a PEG ratio of 3.25 and a beta of 0.69. The firm’s fifty day moving average price is $196.49 and its two-hundred day moving average price is $189.56. Republic Services, Inc. has a 12-month low of $140.23 and a 12-month high of $206.54. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.03 billion. Sell-side analysts predict that Republic Services, Inc. will post 6.18 EPS for the current fiscal year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This is a boost from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a yield of 1.13%. Republic Services’s dividend payout ratio is currently 40.70%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RSG. Vanguard Group Inc. raised its holdings in shares of Republic Services by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock valued at $3,494,714,000 after buying an additional 101,518 shares in the last quarter. Capital World Investors raised its position in Republic Services by 20.5% in the 1st quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock worth $1,514,100,000 after purchasing an additional 1,346,588 shares during the period. Norges Bank bought a new stake in Republic Services in the fourth quarter worth $358,837,000. Legal & General Group Plc increased its holdings in shares of Republic Services by 5.4% in the second quarter. Legal & General Group Plc now owns 1,808,580 shares of the business services provider’s stock worth $351,480,000 after buying an additional 92,013 shares during the period. Finally, TD Asset Management Inc boosted its holdings in Republic Services by 2.1% during the 2nd quarter. TD Asset Management Inc now owns 1,757,757 shares of the business services provider’s stock valued at $341,602,000 after acquiring an additional 35,650 shares during the period. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Raymond James lowered their price target on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Republic Services in a research report on Thursday, May 23rd. They set a “hold” rating and a $203.00 price target on the stock. UBS Group upped their price objective on shares of Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Royal Bank of Canada boosted their target price on Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Finally, CIBC increased their price target on Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $211.00.

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.