Republic Services CFO sells $1.07 million worth of stock Via Investing.com
Brian M. DelGhiaccio, Executive Vice President and Chief Financial Officer of Republic Services, Inc. (NYSE:), recently sold 5,071 shares of the company’s common stock. The shares were traded at an average price of $210.02 each, resulting in a total transaction value of approximately $1,065,011. Following this sale, DelGhiaccio retains ownership of 6,318 shares in the company. Republic Services is a leading provider to the US waste management industry, headquartered in Phoenix, Arizona.
In other recent news, Republic Services showed strong financial performance in the third quarter of 2024, with revenue growth of 7% and a 14% increase in adjusted EBITDA. The company also noted an adjusted EBITDA margin expansion of 210 basis points, and adjusted earnings per share of $1.81. Adjusted free cash flow for the year to date was reported at $1.4 billion. TD Cowen raised its price target on Republic Services to $220, maintaining a hold rating on the stock. The company cites a strong fourth quarter for the company and expects an increase in waste due to storm-related cleanup. Republic Services also revealed its plans to close more than 200 million purchases by the end of the year, returning 834 million dollars to shareholders. The company’s future growth is expected to be fueled by investments in digital capabilities, sustainability, and fleet management. This latest development highlights Republic’s strategic approach to achieving continued success in the waste management industry.
InvestingPro Insights
The latest data from InvestingPro sheds more light on Republic Services’ financial position and market performance. As of the latest information available, the company boasts a market capitalization of $66.03 billion, underscoring its significant presence in the Business Services and Goods industry.
Republic Services has shown strong financial performance, with revenue reaching $15.82 billion in the last twelve months from Q3 2024, representing a growth of 7.88%. This strong top-line expansion is accompanied by a healthy gross margin of 42.34% and an operating income ratio of 19.79%, indicating sound cost management and efficiency.
Investors should note that Republic Services trades at a P/E ratio of 33.58, which may be considered high relative to its near-term earnings growth potential. This valuation metric coincides with one of InvestingPro’s tips, which suggest that the stock is “Trading with high multiples.” Despite this, the company has shown a strong record of shareholder returns, with a one-year price gain of 33.28% as of the most recent data.
The InvestingPro tip highlights that Republic Services has “Increased its dividend for 21 consecutive years,” indicating a commitment to returning value to shareholders. This is also supported by a current dividend yield of 1.11% and a dividend growth rate of 8.41% over the last twelve months.
For investors looking for a comprehensive analysis, InvestingPro offers 16 additional tips for Republic Services, providing a deeper understanding of the company’s financial health and market conditions. This information can be very valuable when considering the CFO’s recent insider trading and its potential implications for future stock performance.
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