Republic Services, Inc. (NYSE:RSG) Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC raised its stake in Republic Services, Inc. (NYSE:RSG) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 14,560 shares of the business services provider’s stock after purchasing an additional 309 shares during the quarter. HB Wealth Management LLC’s holdings in Republic Services were worth $2,929,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in RSG. FSA Wealth Management LLC acquired a new position in shares of Republic Services in the third quarter worth $25,000. Wolff Wiese Magana LLC increased 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 purchasing an additional 109 shares during the last quarter. Webster Bank N. A. acquired a new position in Republic Services in the third quarter valued at $31,000. Truvestments Capital LLC acquired a new position in Republic Services in the third quarter valued at $34,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Republic Services in the second quarter valued at $36,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Republic Services

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

Analysts Set New Price Targets

Several research firms recently commented on RSG. Morgan Stanley upped their target price on Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $219.00 to $237.00 in a research note on Monday, January 6th. William Blair started coverage on Republic Services in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and upped their price target for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average price target of $221.12.

Republic Services Price Performance

Shares of NYSE RSG opened at $213.85 on Monday. Republic Services, Inc. has a 1-year low of $165.99 and a 1-year high of $220.58. The business has a 50-day moving average of $209.27 and a 200-day moving average of $204.52. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $66.97 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 2.98 and a beta of 0.73.

Republic Services (NYSE:RSG) last issued its quarterly earnings results 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. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. Republic Services’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.54 earnings per share. On average, equities analysts anticipate that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Thursday, January 2nd. Republic Services’s dividend payout ratio is currently 37.12%.

Republic Services Profile

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.