Jones Financial Companies Lllp Buys 1,310 Shares of Republic Services, Inc. (NYSE:RSG)

Jones Financial Companies Lllp lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 34.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,100 shares of the business services provider’s stock after acquiring an additional 1,310 shares during the period. Jones Financial Companies Lllp’s holdings in Republic Services were worth $1,026,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new position in shares of Republic Services during the 3rd quarter worth about $25,000. Arcadia Investment Management Corp MI boosted its position in shares of Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after purchasing an additional 88 shares in the last quarter. R Squared Ltd bought a new position in Republic Services in the 4th quarter valued at about $32,000. Truvestments Capital LLC bought a new position in Republic Services in the 3rd quarter valued at about $34,000. Finally, Ashton Thomas Securities LLC bought a new position in Republic Services in the 3rd quarter valued at about $39,000. Institutional investors own 57.73% of the company’s stock.

Insider Activity at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RSG. UBS Group raised their price target on shares of Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their price target for the company from $211.00 to $238.00 in a research report on Friday, December 6th. The Goldman Sachs Group raised their price target on shares of Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Morgan Stanley raised their price target on shares of Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Finally, CIBC raised shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 target price on the stock in a research report on Tuesday. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.88.

Republic Services Trading Up 1.2 %

Shares of RSG stock opened at $234.28 on Friday. The company has a 50 day moving average of $218.91 and a 200-day moving average of $210.80. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12-month low of $180.91 and a 12-month high of $240.95. The firm has a market cap of $73.16 billion, a P/E ratio of 36.10, a PEG ratio of 3.64 and a beta of 0.73.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business earned $1.41 EPS. Sell-side analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current 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. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.99%. Republic Services’s dividend payout ratio is 35.75%.

About Republic Services

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.