Ashton Thomas Private Wealth LLC Sells 116 Shares of Republic Services, Inc. (NYSE:RSG)

Ashton Thomas Private Wealth LLC trimmed its position in shares of Republic Services, Inc. (NYSE:RSG) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,206 shares of the business services provider’s stock after selling 116 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Republic Services were worth $1,188,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Republic Services by 0.7% during the third quarter. JPMorgan Chase & Co. now owns 6,658,978 shares of the business services provider’s stock valued at $948,971,000 after acquiring an additional 44,512 shares during the period. Capital World Investors raised its stake in shares of Republic Services by 416.9% in the 4th quarter. Capital World Investors now owns 6,562,420 shares of the business services provider’s stock valued at $1,082,209,000 after buying an additional 5,292,862 shares in the last quarter. Morgan Stanley lifted its position in shares of Republic Services by 4.1% during the 3rd quarter. Morgan Stanley now owns 5,054,359 shares of the business services provider’s stock worth $720,297,000 after buying an additional 197,654 shares during the period. Norges Bank bought a new position in shares of Republic Services during the 4th quarter worth approximately $358,837,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Republic Services by 0.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,091,482 shares of the business services provider’s stock worth $179,996,000 after buying an additional 5,870 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction on 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 sale, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction on 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 sale, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Katharine Weymouth acquired 540 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the acquisition, the director now owns 540 shares of the company’s stock, valued at $100,040.40. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on RSG shares. Deutsche Bank Aktiengesellschaft started coverage on Republic Services in a research report on Thursday, May 23rd. They set a “hold” rating and a $203.00 target price for the company. Scotiabank upped their price objective on shares of Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 1st. Royal Bank of Canada initiated coverage on shares of Republic Services in a research note on Monday, April 8th. They issued a “sector perform” rating and a $198.00 target price for the company. UBS Group increased their price target on Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, Morgan Stanley downgraded Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a research report on Friday, March 15th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.14.

Republic Services Trading Down 0.4 %

NYSE RSG traded down $0.84 during trading on Friday, reaching $192.70. 267,116 shares of the stock traded hands, compared to its average volume of 1,192,003. The firm has a market cap of $60.69 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 3.25 and a beta of 0.69. The stock’s 50-day moving average price is $188.84 and its 200 day moving average price is $181.92. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a fifty-two week low of $140.23 and a fifty-two week high of $196.76.

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

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a $0.535 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a dividend yield of 1.11%. Republic Services’s dividend payout ratio (DPR) is currently 37.54%.

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.