Allworth Financial LP Grows Stock Position in Republic Services, Inc. (NYSE:RSG)

Allworth Financial LP increased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 30.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,355 shares of the business services provider’s stock after buying an additional 320 shares during the quarter. Allworth Financial LP’s holdings in Republic Services were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new position in Republic Services during the third quarter worth about $25,000. R Squared Ltd purchased a new position in Republic Services during the fourth quarter worth about $32,000. Truvestments Capital LLC purchased a new position in Republic Services during the third quarter worth about $34,000. Ashton Thomas Securities LLC acquired a new stake in Republic Services during the third quarter worth about $39,000. Finally, Kieckhefer Group LLC acquired a new stake in Republic Services during the fourth quarter worth about $50,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Oppenheimer upped their price target on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price target on Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. UBS Group upped their price target on Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Finally, The Goldman Sachs Group upped their price target on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $231.75.

Insider Buying and Selling at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction 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 directly owns 879 shares in the company, 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 insiders.

Republic Services Price Performance

Shares of RSG stock opened at $230.73 on Friday. The company has a market capitalization of $72.05 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 3.62 and a beta of 0.74. The firm has a fifty day simple moving average of $212.87 and a 200-day simple moving average of $208.51. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a twelve month low of $180.91 and a twelve month high of $232.52.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm posted $1.41 EPS. Equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.01%. Republic Services’s dividend payout ratio (DPR) is 35.75%.

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.