Republic Services, Inc. (NYSE: RSG) recorded a significant decrease in short-term interest during the month of November. As of November 15, there was short interest totaling 1,380,000 shares, a decrease of 22.9% from the October 31 total of 1,790,000 shares. About 0.7% of stocks are sold short. Based on an average daily trading volume of 1,010,000 shares, the short-term interest ratio is currently 1.4 days.
A number of brokerage firms have recently published reports on the RSG. Morgan Stanley raised its price target on Republic Services from $ 134.00 to $ 141.00 and rated the company “overweight” in a report released on Friday, October 29. Goldman Sachs upgraded Republic Services from a âbuyâ rating to a âcondemnation-buyâ rating in a research report released on Tuesday, August 24. Zacks investment research Reduced Republic Services from a âbuyâ rating to a âkeepâ rating and set a price target of $ 128.00 for the company. in a report on Wednesday, September 29. Royal Bank of Canada increased its price target on Republic Services from $ 125 to $ 129.00 and gave the company a “sector performance” rating in a report released on Friday, October 29. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Republic Services from $ 121.00 to $ 142.00 and gave the company a âholdâ rating in a research note on Monday, November 1. Five investment analysts gave the stock a conservation rating, five gave the stock a buy rating and one gave the stock a high buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $ 124.90.
In other news, director Tomago Collins sold 2,000 shares of the company in a trade that took place on Thursday, November 11. The stock was sold for an average price of $ 133.59, for a total value of $ 267,180.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the shares are currently owned by insiders.
Institutional investors and hedge funds have recently changed their positions in the company. Total Clarity Wealth Management Inc. acquired a new position in Republic Services shares during the 3rd quarter valued at $ 25,000. Strategic Blueprint LLC purchased a new position in Republic Services in the second quarter valued at approximately $ 28,000. Destiny Wealth Partners LLC purchased a new position in Republic Services in the third quarter valued at approximately $ 44,000. Selective Wealth Management Inc. increased its stake in Republic Services shares by 125.0% in the 3rd quarter. Selective Wealth Management Inc. now owns 450 shares of the business service provider valued at $ 54,000 after acquiring an additional 250 shares during the period. Finally, Pinnacle Holdings LLC acquired a new stake in Republic Services shares in the 3rd quarter valued at approximately $ 58,000. Institutional investors hold 57.46% of the shares of the company.
NYSE: RSG shares opened at $ 136.02 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt ratio of 1.04. The company has a market cap of $ 43.13 billion, a P / E ratio of 35.79, a PEG ratio of 2.94 and a beta of 0.76. Republic Services has a minimum of $ 88.62 over 52 weeks and a maximum of $ 145.98 over 52 weeks. The company has a 50-day moving average price of $ 130.62 and a 200-day moving average price of $ 120.91.
Republic Services (NYSE: RSG) last released its quarterly earnings data on Thursday, October 28. The business services provider reported earnings per share of $ 1.11 for the quarter, beating the Zacks’ consensus estimate of $ 1.05 by $ 0.06. Republic Services had a net margin of 11.11% and a return on equity of 15.19%. The company posted revenue of $ 2.99 billion in the quarter, compared to $ 2.84 billion expected by analysts. During the same period last year, the company posted EPS of $ 1.00. The company’s revenue grew 16.4% year-over-year. Analysts expect Republic Services to post an EPS of 4.14 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 14. Shareholders of record on Monday January 3 will receive a dividend of $ 0.46. The ex-dividend date for this dividend is Friday December 31. This represents a dividend of $ 1.84 on an annualized basis and a dividend yield of 1.35%. Republic Services’ dividend payout ratio (DPR) is currently 48.42%.
About the services of the Republic
Republic Services, Inc. is committed to providing services to the domestic non-hazardous solid waste industry. It provides integrated waste management services, which provide non-hazardous solid waste collection, transfer, recycling, disposal and energy services. The company operates through the following segments: Group 1, Group 2 and Corporate Entities and others.
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