Republic Services, Inc. $RSG Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,552 shares of the business services provider’s stock after acquiring an additional 484 shares during the period. Teacher Retirement System of Texas’ holdings in Republic Services were worth $24,057,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RSG. Brighton Jones LLC boosted its stake in shares of Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after acquiring an additional 8,547 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in Republic Services by 11,433.3% in the 1st quarter. Golden State Wealth Management LLC now owns 346 shares of the business services provider’s stock worth $84,000 after buying an additional 343 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in Republic Services by 4.4% in the 1st quarter. Perigon Wealth Management LLC now owns 1,217 shares of the business services provider’s stock worth $295,000 after buying an additional 51 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Republic Services by 9.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,660 shares of the business services provider’s stock worth $1,128,000 after buying an additional 418 shares during the last quarter. Finally, Diversified Trust Co boosted its stake in Republic Services by 10.1% in the 1st quarter. Diversified Trust Co now owns 1,692 shares of the business services provider’s stock worth $410,000 after buying an additional 155 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Performance

Republic Services stock opened at $220.91 on Tuesday. The company has a market cap of $68.97 billion, a price-to-earnings ratio of 32.68, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. Republic Services, Inc. has a 12 month low of $197.60 and a 12 month high of $258.75. The stock’s 50-day moving average is $227.52 and its 200-day moving average is $238.56.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.76 by $0.01. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The company’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $1.61 EPS. Equities analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, January 2nd. Republic Services’s dividend payout ratio (DPR) is presently 36.98%.

Insider Activity

In other Republic Services news, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the sale, the executive vice president directly owned 4,060 shares in the company, valued at $949,796.40. The trade was a 64.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were acquired at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the acquisition, the insider directly owned 109,816,832 shares in the company, valued at $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on RSG shares. Barclays started coverage on Republic Services in a research note on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price target on the stock. UBS Group decreased their price target on Republic Services from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, October 16th. JPMorgan Chase & Co. decreased their price target on Republic Services from $275.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Oppenheimer decreased their price target on Republic Services from $268.00 to $263.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. Finally, National Bankshares cut their price objective on Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $257.10.

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.