Republic Services, Inc. (RSG) Volatility At 0.98%, Should You Add A Position?

Republic Services, Inc. (NYSE: RSG) is 5.90% higher on its value in year-to-date trading and has touched a low of $123.62 and a high of $175.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RSG stock was last observed hovering at around $174.56 in the last trading session, with the day’s gains setting it 0.08%.

Currently trading at $174.64, the stock is 2.83% and 5.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 0.05% at the moment leaves the stock 14.67% off its SMA200. RSG registered 40.51% gain for a year compared to 6-month gain of 17.61%. The firm has a 50-day simple moving average (SMA 50) of $4.57 and a 200-day simple moving average (SMA200) of $16.26.

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The stock witnessed a 6.61% loss in the last 1 month and extending the period to 3 months gives it a 12.74%, and is 0.47% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.98% over the week and 1.12% over the month.

Republic Services, Inc. (RSG) has around 40000 employees, a market worth around $54.95B and $14.66B in sales. Current P/E ratio is 33.80 and Fwd P/E is 29.21. Profit margin for the company is 11.17%. Distance from 52-week low is 41.27% and -0.40% from its 52-week high. The company has generated returns on investments over the last 12 months (7.61%).

Republic Services, Inc. quarterly earnings per share for the current quarter are estimated at $1.29 with sales reaching $3.73B over the same period.The EPS is expected to grow by 11.26% this year, but quarterly earnings will post 10.00% year-over-year. Quarterly sales are estimated to grow 5.70% in year-over-year returns.

1,405 institutions hold shares in Republic Services, Inc. (RSG), with institutional investors hold 95.87% of the company’s shares. The shares outstanding are 316.10M, and float is at 314.29M with Short Float at 0.80%. Institutions hold 95.77% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 20.42 million shares valued at $3.13 billion. The investor’s holdings represent 6.46% of the RSG Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 18.2 million shares valued at $2.79 billion to account for 5.76% of the shares outstanding. The other top investors are State Street Corporation which holds 8.96 million shares representing 2.83% and valued at over $1.37 billion, while Pictet Asset Management SA holds 2.60% of the shares totaling 8.21 million with a market value of $1.26 billion.

Republic Services, Inc. (RSG) Insider Activity

A total of 3 insider transactions have happened at Republic Services, Inc. (RSG) in the last six months, with sales accounting for 1 and purchases happening 2 times. The most recent transaction is an insider sale by Hodges Amanda, the company’s EVP, Chief Marketing Officer. SEC filings show that Hodges Amanda sold 2,712 shares of the company’s common stock on Aug 10 at a price of $148.66 per share for a total of $0.4 million. Following the sale, the insider now owns 4969.0 shares.

Republic Services, Inc. disclosed in a document filed with the SEC on Aug 07 that DelGhiaccio Brian M (EVP Chief Financial Officer) sold a total of 5,500 shares of the company’s common stock. The trade occurred on Aug 07 and was made at $149.65 per share for $0.82 million. Following the transaction, the insider now directly holds 5071.0 shares of the RSG stock.

Still, SEC filings show that on Mar 22, Collins Tomago (Director) disposed off 1,545 shares at an average price of $130.77 for $0.2 million. The insider now directly holds 10,604 shares of Republic Services, Inc. (RSG).

Republic Services, Inc. (RSG): Who are the competitors?

One of the company’s main competitors (and peers) include Waste Management Inc. (WM) that is trading 22.99% up over the past 12 months.Ecolab Inc. (ECL) lies in the list of competitors of the Republic Services, Inc. and is 38.95% higher over the same period from RSGWaste Connections Inc. (WCN) is 15.27% up on the 1-year trading charts.