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Insider Sales at Republic Services (RSG) reverse the Buying Trend of Last Quarter

05/11/2021 18:28

10:20 PM EDT, 05/11/2021 (MT Newswires) -- There was a substantial level of insider selling revealed today in filings with the SEC for Republic Services. Two insiders -- Brian A Goebel, Officer, and Timothy E Stuart, Officer -- disposed of 14,012 shares in the company for approximately $1,571,663. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the purchase of 10,055 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 3,957 shares and have averaged 8,022 shares per transaction over this time period.

Today's Insider Activity

Over the last 90 days, the number of insider buy/sell trades at Republic Services is above its 32-company peer group average. The Environmental Services & Equipment peer group saw 18 buy/sell trades during this period for an average of 0.6 transactions per company. However, the number of shares traded per transaction by Republic Services insiders is lower than its peers. Within the peer group there were 10,055 shares purchased and 198,405 shares sold with company insiders disposing of 10,464 shares on average over this time period.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to compose and write this story.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.