Traders Buy Large Volume of Republic Services Call Options (RSG)

Republic Services (NYSE:RSG) was the target of some unusual options trading on Thursday. Stock investors purchased 2,032 call options on the stock. This represents an increase of 3,808% compared to the typical volume of 52 call options.

In related news, COO Ark Jon Vander sold 9,236 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $68.45, for a total value of $632,204.20. Following the completion of the sale, the chief operating officer now directly owns 12,011 shares in the company, valued at $822,152.95. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Brian A. Goebel sold 1,220 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $68.06, for a total value of $83,033.20. Following the completion of the sale, the chief accounting officer now owns 7,406 shares of the company’s stock, valued at $504,052.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,074 shares of company stock valued at $1,826,914. 0.30% of the stock is currently owned by corporate insiders.

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Institutional investors and hedge funds have recently made changes to their positions in the business. SeaCrest Wealth Management LLC acquired a new position in Republic Services during the fourth quarter valued at approximately $121,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Republic Services by 507.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,823 shares of the business services provider’s stock worth $123,000 after buying an additional 1,523 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Republic Services by 1,070.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,937 shares of the business services provider’s stock worth $199,000 after buying an additional 2,686 shares in the last quarter. Focused Wealth Management Inc acquired a new position in shares of Republic Services during the fourth quarter worth $199,000. Finally, Welch & Forbes LLC acquired a new position in shares of Republic Services during the fourth quarter worth $201,000. Institutional investors and hedge funds own 60.99% of the company’s stock.



Shares of RSG opened at $65.89 on Friday. Republic Services has a one year low of $60.26 and a one year high of $69.40. The company has a market cap of $21,846.84, a price-to-earnings ratio of 27.03, a PEG ratio of 2.11 and a beta of 0.54. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.55 and a quick ratio of 0.55.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. Republic Services had a net margin of 12.73% and a return on equity of 10.61%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. sell-side analysts anticipate that Republic Services will post 3.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Monday, April 2nd were given a dividend of $0.345 per share. The ex-dividend date of this dividend was Thursday, March 29th. This represents a $1.38 annualized dividend and a yield of 2.09%. Republic Services’s dividend payout ratio is currently 56.79%.

RSG has been the subject of several recent research reports. Raymond James cut Republic Services from a “strong-buy” rating to a “market perform” rating and set a $72.00 price target for the company. in a research note on Wednesday, April 11th. Zacks Investment Research upgraded Republic Services from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Monday, January 22nd. Bank of America boosted their price target on Republic Services from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Credit Suisse Group cut their price target on Republic Services from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Monday, February 12th. Finally, UBS cut Republic Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Republic Services presently has a consensus rating of “Hold” and an average price target of $70.50.

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Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations; supply of waste containers; and renting of compactors.

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