Republic Services, Inc. (NYSE:RSG) was the recipient of some unusual options trading activity on Friday. Stock traders purchased 2,015 call options on the company. This represents an increase of approximately Infinity compared to the typical daily volume of 0 call options.

In related news, insider Donald W. Slager sold 22,608 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $66.05, for a total transaction of $1,493,258.40. Following the transaction, the insider now owns 246,617 shares in the company, valued at $16,289,052.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey A. Hughes sold 6,329 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $66.50, for a total transaction of $420,878.50. Following the transaction, the executive vice president now owns 428 shares in the company, valued at approximately $28,462. The disclosure for this sale can be found here. Insiders sold 43,187 shares of company stock worth $2,854,922 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of RSG. Thrivent Financial For Lutherans lifted its stake in shares of Republic Services by 6.4% in the first quarter. Thrivent Financial For Lutherans now owns 8,480 shares of the business services provider’s stock worth $533,000 after buying an additional 510 shares in the last quarter. KAMES CAPITAL plc lifted its stake in shares of Republic Services by 29.8% in the second quarter. KAMES CAPITAL plc now owns 18,582 shares of the business services provider’s stock worth $1,185,000 after buying an additional 4,266 shares in the last quarter. NN Investment Partners Holdings N.V. lifted its stake in shares of Republic Services by 708.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 318,945 shares of the business services provider’s stock worth $20,326,000 after buying an additional 279,516 shares in the last quarter. Creative Planning lifted its stake in shares of Republic Services by 12.0% in the second quarter. Creative Planning now owns 12,984 shares of the business services provider’s stock worth $827,000 after buying an additional 1,392 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Republic Services by 1.1% in the second quarter. Fisher Asset Management LLC now owns 33,525 shares of the business services provider’s stock worth $2,137,000 after buying an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 60.65% of the company’s stock.

Several equities analysts recently issued reports on RSG shares. Stifel Nicolaus reiterated a “buy” rating and set a $73.00 price target on shares of Republic Services in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Republic Services from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Friday, July 14th. BMO Capital Markets reiterated a “buy” rating and set a $72.00 price target on shares of Republic Services in a research report on Friday, October 13th. Bank of America Corporation reduced their price target on shares of Republic Services from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. Finally, KeyCorp reiterated a “hold” rating on shares of Republic Services in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $68.29.

Shares of Republic Services (NYSE RSG) opened at $63.90 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $21,519.09, a P/E ratio of 26.63, a PEG ratio of 2.88 and a beta of 0.61.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.63 by $0.04. Republic Services had a net margin of 8.15% and a return on equity of 10.57%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Republic Services’s quarterly revenue was up 6.5% on a year-over-year basis. equities analysts anticipate that Republic Services will post 2.37 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 2.16%. Republic Services’s payout ratio is currently 58.47%.

Republic Services declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 2nd that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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About Republic Services

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

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