Fulton Bank N.A. Has $737,000 Position in Republic Services, Inc. (NYSE:RSG)

Fulton Bank N.A. lowered its stake in shares of Republic Services, Inc. (NYSE:RSG) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,852 shares of the business services provider’s stock after selling 78 shares during the quarter. Fulton Bank N.A.’s holdings in Republic Services were worth $737,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Unigestion Holding SA grew its position in Republic Services by 2,178.2% during the fourth quarter. Unigestion Holding SA now owns 127,647 shares of the business services provider’s stock worth $21,048,000 after buying an additional 122,044 shares in the last quarter. Bank of Nova Scotia lifted its stake in Republic Services by 52.3% during the fourth quarter. Bank of Nova Scotia now owns 214,504 shares of the business services provider’s stock worth $35,357,000 after purchasing an additional 73,651 shares during the last quarter. TCW Group Inc. bought a new stake in Republic Services during the fourth quarter worth $17,903,000. Hsbc Holdings PLC lifted its stake in Republic Services by 8.7% during the fourth quarter. Hsbc Holdings PLC now owns 456,726 shares of the business services provider’s stock worth $75,297,000 after purchasing an additional 36,484 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Republic Services by 10.4% during the fourth quarter. Allianz Asset Management GmbH now owns 591,209 shares of the business services provider’s stock worth $97,496,000 after purchasing an additional 55,668 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity

In other news, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the sale, the chief marketing officer now directly owns 6,831 shares in the company, valued at approximately $1,270,702.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Republic Services news, Director Katharine Weymouth purchased 540 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price of $185.26 per share, with a total value of $100,040.40. Following the transaction, the director now owns 540 shares in the company, valued at $100,040.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Republic Services Trading Down 0.0 %

Republic Services stock traded down $0.02 during trading hours on Thursday, reaching $191.83. 815,106 shares of the company’s stock were exchanged, compared to its average volume of 1,174,203. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.05. The firm’s 50 day simple moving average is $188.06 and its 200 day simple moving average is $179.78. Republic Services, Inc. has a twelve month low of $140.23 and a twelve month high of $196.76. The firm has a market capitalization of $60.41 billion, a PE ratio of 33.65, a PEG ratio of 3.22 and a beta of 0.68.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $1.24 EPS. Research analysts predict that Republic Services, Inc. will post 6.05 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be paid a $0.535 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a dividend yield of 1.12%. Republic Services’s dividend payout ratio is presently 37.54%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RSG. Citigroup upped their target price on Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Scotiabank increased their price target on Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 1st. Royal Bank of Canada started coverage on Republic Services in a research note on Monday, April 8th. They issued a “sector perform” rating and a $198.00 price target for the company. The Goldman Sachs Group increased their price target on Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Republic Services in a report on Thursday, May 23rd. They issued a “hold” rating and a $203.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $201.14.

Republic Services 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.