Republic services COO Gregg Brummer sells $1.44 million in stock

PHOENIX—Gregg Brummer, Executive Vice President and Chief Operating Officer of Republic Services, Inc. (NYSE:RSG), a $72 billion market cap waste management company with a perfect Piotroski Score of 9 according to InvestingPro, executed significant stock transactions this past week, according to a recent SEC filing. On February 19, Brummer sold a total of 6,293 shares of Republic Services’ common stock. The shares were sold at prices ranging from $228.17 to $228.36, amounting to a total value of approximately $1.44 million. The stock is currently trading near its 52-week high of $232.52, with technical indicators suggesting overbought conditions.

In addition to the sales, Brummer also acquired shares earlier in the week. On February 18, he received 3,833 shares of common stock and 1,838 restricted stock units (RSUs) as part of the company’s stock incentive plan. The RSUs will vest over four years, based on the company’s stock price as of February 18, which was $228.55.

These transactions were part of routine financial management and stock incentive plans, which are common for executives at this level. Following these transactions, Brummer holds 10,416 shares directly.

In other recent news, Republic Services reported its fourth-quarter 2024 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $1.58, surpassing the forecasted $1.41. However, revenue slightly missed projections, totaling $4.05 billion. Analysts from various firms have adjusted their price targets for Republic Services, reflecting differing levels of optimism. Stifel analysts raised their price target to $257, maintaining a Buy rating, citing expected margin expansion and sustainability efforts. Meanwhile, Raymond (NSE:RYMD) James increased their target to $243, highlighting Republic Services’ growth through mergers and acquisitions and potential benefits from new environmental regulations.

Oppenheimer analysts also raised their price target to $238, noting the company’s strong financial performance and successful mergers and acquisitions. TD Cowen adjusted their target to $235, maintaining a Hold rating, citing a modest increase in future EBITDA estimates. Republic Services’ recent performance and strategic initiatives, including sustainability investments, have drawn positive attention, although the company’s revenue fell slightly short of expectations. These developments suggest analysts are confident about the company’s trajectory, with ongoing investments in sustainability and strategic growth initiatives playing a significant role in their assessments.

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