Wilmington Savings Fund Society FSB Purchases Shares of 5,303 Republic Services, Inc. (NYSE:RSG)

Wilmington Savings Fund Society FSB acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,303 shares of the business services provider’s stock, valued at approximately $1,065,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RSG. FSA Wealth Management LLC purchased a new stake in shares of Republic Services during the 3rd quarter valued at $25,000. Wolff Wiese Magana LLC raised its stake in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after buying an additional 109 shares during the last quarter. Webster Bank N. A. purchased a new stake in shares of Republic Services during the third quarter worth about $31,000. Truvestments Capital LLC acquired a new position in shares of Republic Services during the third quarter valued at about $34,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Republic Services in the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Activity at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now owns 879 shares of the company’s stock, valued at $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Price Performance

NYSE:RSG opened at $208.97 on Friday. The stock has a market capitalization of $65.44 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 3.21 and a beta of 0.71. Republic Services, Inc. has a 52 week low of $160.65 and a 52 week high of $220.58. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock’s 50-day moving average price is $208.53 and its 200-day moving average price is $201.84.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the business earned $1.54 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts expect that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.11%. Republic Services’s dividend payout ratio is currently 37.12%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Scotiabank initiated coverage on shares of Republic Services in a research note on Friday, October 4th. They set a “sector perform” rating and a $224.00 price target on the stock. William Blair started coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Oppenheimer boosted their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped their target price on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley lifted their price objective on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $220.06.

About Republic Services

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.