MGO One Seven LLC Grows Holdings in Republic Services, Inc. (NYSE:RSG)

MGO One Seven LLC increased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 125.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,075 shares of the business services provider’s stock after acquiring an additional 3,941 shares during the period. MGO One Seven LLC’s holdings in Republic Services were worth $1,424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Republic Services by 10.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider’s stock worth $1,069,836,000 after purchasing an additional 499,237 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Republic Services by 5.0% during the fourth quarter. Hsbc Holdings PLC now owns 579,379 shares of the business services provider’s stock valued at $116,456,000 after acquiring an additional 27,453 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Republic Services by 0.6% in the fourth quarter. Stifel Financial Corp now owns 1,825,175 shares of the business services provider’s stock valued at $367,192,000 after acquiring an additional 10,562 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Republic Services by 120.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 17,839 shares of the business services provider’s stock worth $3,589,000 after purchasing an additional 9,745 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in Republic Services by 1.6% in the 4th quarter. MML Investors Services LLC now owns 19,405 shares of the business services provider’s stock valued at $3,904,000 after purchasing an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at $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 SEC, which is available at this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Republic Services Stock Performance

Shares of RSG stock opened at $243.96 on Friday. The stock has a market capitalization of $76.23 billion, a PE ratio of 37.59, a P/E/G ratio of 3.64 and a beta of 0.62. The firm has a 50 day moving average of $236.86 and a two-hundred day moving average of $219.46. Republic Services, Inc. has a 52 week low of $180.92 and a 52 week high of $249.73. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.03. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.08 billion. On average, research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.95%. Republic Services’s dividend payout ratio is currently 34.99%.

Analyst Ratings Changes

A number of research firms recently weighed in on RSG. Morgan Stanley boosted their price target on shares of Republic Services from $230.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Friday. CIBC upgraded Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price target for the company in a research report on Tuesday, March 4th. Argus set a $260.00 price objective on Republic Services in a research note on Tuesday, February 18th. Scotiabank raised their target price on Republic Services from $233.00 to $250.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 8th. Finally, BMO Capital Markets boosted their price target on shares of Republic Services from $260.00 to $268.00 and gave the company an “outperform” rating in a research report on Friday. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $245.38.

Republic Services Company 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.