Sfmg LLC Takes $1.48 Million Position in Republic Services, Inc. $RSG

Sfmg LLC purchased a new stake in Republic Services, Inc. (NYSE:RSGFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,972 shares of the business services provider’s stock, valued at approximately $1,478,000.

A number of other institutional investors also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC raised its position in shares of Republic Services by 11.3% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 45 shares during the period. ICONIQ Capital LLC raised its position in shares of Republic Services by 3.3% in the second quarter. ICONIQ Capital LLC now owns 1,558 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 50 shares during the period. Prospera Financial Services Inc raised its position in shares of Republic Services by 1.1% in the third quarter. Prospera Financial Services Inc now owns 4,766 shares of the business services provider’s stock valued at $1,094,000 after purchasing an additional 51 shares during the period. Composition Wealth LLC grew its stake in shares of Republic Services by 1.4% in the fourth quarter. Composition Wealth LLC now owns 3,793 shares of the business services provider’s stock worth $804,000 after acquiring an additional 52 shares during the last quarter. Finally, PAX Financial Group LLC grew its stake in shares of Republic Services by 2.5% in the third quarter. PAX Financial Group LLC now owns 2,224 shares of the business services provider’s stock worth $510,000 after acquiring an additional 54 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Insiders Place Their Bets

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 60,700 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were purchased at an average price of $213.31 per share, for a total transaction of $12,947,917.00. Following the completion of the purchase, the insider directly owned 110,803,982 shares of the company’s stock, valued at approximately $23,635,597,400.42. This represents a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 987,150 shares of company stock worth $202,366,682 in the last 90 days. 0.12% of the stock is owned by insiders.

Republic Services Stock Down 1.7%

RSG opened at $200.32 on Friday. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $258.75. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.67. The firm’s fifty day moving average price is $211.11 and its two-hundred day moving average price is $214.80. The company has a market capitalization of $61.63 billion, a P/E ratio of 28.74, a P/E/G ratio of 3.30 and a beta of 0.43.

Republic Services (NYSE:RSGGet Free Report) last posted its quarterly earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the previous year, the company earned $1.58 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. On average, analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.625 per share. The ex-dividend date is Thursday, July 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. Republic Services’s payout ratio is currently 35.87%.

Analyst Ratings Changes

RSG has been the topic of several research analyst reports. Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Barclays raised their price objective on shares of Republic Services from $227.00 to $233.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Robert W. Baird lowered their price objective on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Wolfe Research initiated coverage on shares of Republic Services in a research note on Friday, March 13th. They issued a “peer perform” rating on the stock. Finally, Morgan Stanley lowered their price objective on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. Eleven equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $245.15.

View Our Latest Stock Report on Republic Services

Republic Services Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSGFree Report).

Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

Receive News & Ratings for Republic Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services and related companies with MarketBeat.com's FREE daily email newsletter.