Ycg LLC Buys 7,744 Shares of Republic Services, Inc. (NYSE:RSG)

Ycg LLC increased its holdings in Republic Services, Inc. (NYSE:RSG) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 215,976 shares of the business services provider’s stock after purchasing an additional 7,744 shares during the period. Republic Services makes up 3.5% of Ycg LLC’s portfolio, making the stock its 13th biggest position. Ycg LLC owned about 0.07% of Republic Services worth $43,450,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RSG. CWA Asset Management Group LLC bought a new position in shares of Republic Services during the third quarter worth $345,000. Assetmark Inc. boosted its holdings in Republic Services by 8.2% in the 3rd quarter. Assetmark Inc. now owns 18,319 shares of the business services provider’s stock valued at $3,679,000 after purchasing an additional 1,394 shares during the period. Atria Investments Inc boosted its holdings in Republic Services by 7.8% in the 3rd quarter. Atria Investments Inc now owns 12,179 shares of the business services provider’s stock valued at $2,446,000 after purchasing an additional 881 shares during the period. Mesirow Financial Investment Management Inc. bought a new stake in shares of Republic Services during the 3rd quarter worth approximately $273,000. Finally, Sigma Planning Corp increased its position in Republic Services by 34.9% during the 3rd quarter. Sigma Planning Corp now owns 5,270 shares of the business services provider’s stock worth $1,058,000 after purchasing an additional 1,364 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. CIBC upgraded shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 target price for the company in a research note on Tuesday, March 4th. UBS Group raised their price objective 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. Stifel Nicolaus boosted their price objective on shares of Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $236.88.

Republic Services Stock Down 0.6 %

Shares of RSG stock opened at $231.92 on Wednesday. Republic Services, Inc. has a 1 year low of $180.91 and a 1 year high of $240.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The stock has a market cap of $72.43 billion, a PE ratio of 35.74, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. The business’s fifty day moving average is $220.16 and its 200-day moving average is $211.24.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping 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 analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the firm earned $1.41 EPS. Equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio is currently 35.75%.

Insiders Place Their Bets

In other news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

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.