Republic Services, Inc. (NYSE: RSG) is 15.05% higher on its value in year-to-date trading and has touched a low of $127.69 and a high of $192.57 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 $190.51 in the last trading session, with the day’s loss setting it -0.78%.
Currently trading at $189.73, the stock is 2.15% and 6.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing -0.41% at the moment leaves the stock 19.79% off its SMA200. RSG registered 48.27% gain for a year compared to 6-month gain of 29.63%. The firm has a 50-day simple moving average (SMA 50) of $4.85 and a 200-day simple moving average (SMA200) of $16.89.
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The stock witnessed a 2.57% loss in the last 1 month and extending the period to 3 months gives it a 17.37%, and is 1.15% 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 0.84% over the week and 1.18% over the month.
Republic Services, Inc. (RSG) has around 41000 employees, a market worth around $59.69B and $14.96B in sales. Current P/E ratio is 34.71 and Fwd P/E is 28.25. Profit margin for the company is 11.57%. Distance from 52-week low is 48.59% and -1.47% from its 52-week high. The company has generated returns on investments over the last 12 months (7.65%).
Republic Services, Inc. quarterly earnings per share for the current quarter are estimated at $1.35 with sales reaching $3.89B over the same period.The EPS is expected to grow by 6.95% this year, but quarterly earnings will post 8.10% year-over-year. Quarterly sales are estimated to grow 13.30% in year-over-year returns.
Republic Services, Inc. (RSG) Top Institutional Holders
1,491 institutions hold shares in Republic Services, Inc. (RSG), with institutional investors hold 96.38% of the company’s shares. The shares outstanding are 314.60M, and float is at 314.18M with Short Float at 0.84%. Institutions hold 96.26% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 19.69 million shares valued at $3.74 billion. The investor’s holdings represent 6.26% of the RSG Shares outstanding. As of Dec 30, 2023, the second largest holder is Vanguard Group Inc with 18.15 million shares valued at $3.44 billion to account for 5.77% of the shares outstanding. The other top investors are State Street Corporation which holds 8.69 million shares representing 2.76% and valued at over $1.65 billion, while Pictet Asset Management Holding SA holds 2.40% of the shares totaling 7.56 million with a market value of $1.43 billion.
Republic Services, Inc. (RSG) Insider Activity
The most recent transaction is an insider sale by Vander Ark Jon,the company’sCEO and President. SEC filings show that Vander Ark Jon sold 5,446 shares of the company’s common stock on Mar 04 ’24 at a price of $184.10 per share for a total of $1.0 million. Following the sale, the insider now owns 85113.0 shares.
Republic Services, Inc. disclosed in a document filed with the SEC on Aug 10 ’23 that Hodges Amanda (EVP, Chief Marketing Officer) sold a total of 2,712 shares of the company’s common stock. The trade occurred on Aug 10 ’23 and was made at $148.66 per share for $0.4 million. Following the transaction, the insider now directly holds 4969.0 shares of the RSG stock.
Still, SEC filings show that on Aug 07 ’23, DelGhiaccio Brian M (EVP Chief Financial Officer) disposed off 5,500 shares at an average price of $149.65 for $0.82 million. The insider now directly holds 5,071 shares of Republic Services, Inc. (RSG).
