Republic Services, Inc. $RSG Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its holdings in Republic Services, Inc. (NYSE:RSG) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,111 shares of the business services provider’s stock after purchasing an additional 3,183 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Republic Services were worth $17,236,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. L2 Asset Management LLC increased its holdings in shares of Republic Services by 5.0% in the second quarter. L2 Asset Management LLC now owns 908 shares of the business services provider’s stock valued at $224,000 after buying an additional 43 shares in the last quarter. ANB Bank grew its holdings in shares of Republic Services by 2.8% in the 3rd quarter. ANB Bank now owns 1,691 shares of the business services provider’s stock worth $388,000 after acquiring an additional 46 shares during the last quarter. Empirical Finance LLC raised its position in shares of Republic Services by 0.7% during the second quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider’s stock worth $1,783,000 after purchasing an additional 47 shares during the period. ORG Partners LLC lifted its holdings in shares of Republic Services by 5.8% during the third quarter. ORG Partners LLC now owns 899 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 49 shares during the last quarter. Finally, NewSquare Capital LLC boosted its position in shares of Republic Services by 68.5% in the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 50 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Republic Services

In other news, Director Katharine Weymouth bought 478 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were bought at an average cost of $209.46 per share, with a total value of $100,121.88. Following the transaction, the director directly owned 5,740 shares in the company, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on RSG shares. Stifel Nicolaus reduced their price objective on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Jefferies Financial Group set a $248.00 price target on shares of Republic Services and gave the company a “buy” rating in a report on Monday, November 3rd. Raymond James Financial reaffirmed an “outperform” rating and issued a $240.00 price objective on shares of Republic Services in a research note on Friday, October 31st. Oppenheimer lowered their price objective on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. Finally, Barclays reduced their target price on Republic Services from $237.00 to $236.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $248.82.

Republic Services Stock Up 0.9%

Republic Services stock opened at $222.92 on Tuesday. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $69.01 billion, a PE ratio of 33.17, a P/E/G ratio of 3.64 and a beta of 0.54. The firm’s 50 day moving average price is $214.59 and its two-hundred day moving average price is $220.17.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 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 Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.20%.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.