Gables Capital Management Inc. Lowers Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Gables Capital Management Inc. decreased its position in shares of Republic Services, Inc. (NYSE:RSG) by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,740 shares of the business services provider’s stock after selling 200 shares during the quarter. Republic Services makes up 0.9% of Gables Capital Management Inc.’s holdings, making the stock its 27th largest holding. Gables Capital Management Inc.’s holdings in Republic Services were worth $1,959,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. lifted its stake in shares of Republic Services by 2.2% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock valued at $445,000 after buying an additional 48 shares in the last quarter. Simmons Bank lifted its stake in Republic Services by 2.8% in the 3rd quarter. Simmons Bank now owns 1,895 shares of the business services provider’s stock worth $381,000 after purchasing an additional 51 shares in the last quarter. Access Financial Services Inc. lifted its stake in Republic Services by 0.8% in the 4th quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock worth $1,243,000 after purchasing an additional 51 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Republic Services by 1.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider’s stock worth $1,024,000 after purchasing an additional 52 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Republic Services by 16.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider’s stock worth $77,000 after purchasing an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insiders Place Their Bets

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company’s 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 $2,376,931.20. This represents a 37.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on RSG shares. UBS Group boosted their price target on shares of Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Stifel Nicolaus boosted their price target on shares of Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and boosted their price target for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Finally, Jefferies Financial Group boosted their target price on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $236.88.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $233.20 on Tuesday. The company has a market capitalization of $72.82 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 3.64 and a beta of 0.73. Republic Services, Inc. has a 12 month low of $180.91 and a 12 month high of $240.95. The firm’s 50-day moving average is $219.55 and its 200 day moving average is $211.06. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same period in the prior year, the firm earned $1.41 EPS. Research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 currently 35.75%.

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.