Republic Services, Inc. (NYSE:RSG) Shares Acquired by Williamson Legacy Group LLC

Williamson Legacy Group LLC raised its position in Republic Services, Inc. (NYSE:RSG) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,283 shares of the business services provider’s stock after buying an additional 175 shares during the quarter. Williamson Legacy Group LLC’s holdings in Republic Services were worth $1,063,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new stake in Republic Services during the 3rd quarter worth approximately $25,000. Arcadia Investment Management Corp MI grew its position in shares of Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after acquiring an additional 88 shares in the last quarter. R Squared Ltd bought a new position in Republic Services during the 4th quarter worth $32,000. Truvestments Capital LLC bought a new position in Republic Services during the 3rd quarter worth $34,000. Finally, Ashton Thomas Securities LLC bought a new position in Republic Services during the 3rd quarter worth $39,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Trading Up 2.0 %

Shares of Republic Services stock opened at $237.42 on Friday. Republic Services, Inc. has a fifty-two week low of $180.91 and a fifty-two week high of $237.52. The firm has a market cap of $74.14 billion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The business has a fifty day simple moving average of $215.73 and a 200-day simple moving average of $209.68.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the business posted $1.41 earnings per share. On average, equities analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio is currently 35.75%.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the transaction, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. This represents a 67.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Gregg Brummer sold 6,293 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Stifel Nicolaus upped their price objective on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Morgan Stanley upped their price objective on Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. The Goldman Sachs Group increased their price target on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $234.56.

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.