C M Bidwell & Associates Ltd. Reduces Holdings in Republic Services, Inc. (NYSE:RSG)

C M Bidwell & Associates Ltd. reduced its stake in Republic Services, Inc. (NYSE:RSG) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,233 shares of the business services provider’s stock after selling 80 shares during the period. C M Bidwell & Associates Ltd.’s holdings in Republic Services were worth $449,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Glenmede Trust Co. NA lifted its stake in shares of Republic Services by 3.2% during the third quarter. Glenmede Trust Co. NA now owns 9,832 shares of the business services provider’s stock worth $1,975,000 after buying an additional 307 shares during the period. CreativeOne Wealth LLC lifted its position in Republic Services by 15.8% during the 3rd quarter. CreativeOne Wealth LLC now owns 2,156 shares of the business services provider’s stock worth $433,000 after acquiring an additional 294 shares during the period. Public Sector Pension Investment Board grew its stake in Republic Services by 17.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,761 shares of the business services provider’s stock valued at $1,358,000 after purchasing an additional 1,000 shares during the last quarter. Financial Counselors Inc. acquired a new position in shares of Republic Services in the third quarter valued at about $254,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Republic Services by 1.0% in the third 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 during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Trading Down 0.6 %

Shares of RSG stock opened at $238.37 on Monday. The stock has a 50 day simple moving average of $227.72 and a 200-day simple moving average of $213.86. Republic Services, Inc. has a 1-year low of $180.92 and a 1-year high of $241.09. The company has a market cap of $74.44 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 3.64 and a beta of 0.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the business earned $1.41 earnings per share. On average, equities research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.97%. Republic Services’s payout ratio is currently 35.75%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. BMO Capital Markets upgraded shares of 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 report on Friday, December 6th. Cibc World Mkts upgraded shares of Republic Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. 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 report on Tuesday, March 4th. Argus set a $260.00 price target on Republic Services in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $219.00 to $237.00 in a report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and an average target price of $236.88.

Insider Activity

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was 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 owns 10,416 shares in the company, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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.