Donaldson Capital Management LLC increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,523 shares of the business services provider’s stock after buying an additional 985 shares during the period. Donaldson Capital Management LLC’s holdings in Republic Services were worth $4,618,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. 6 Meridian raised its position in shares of Republic Services by 4.2% during the 4th quarter. 6 Meridian now owns 6,393 shares of the business services provider’s stock worth $573,000 after buying an additional 255 shares in the last quarter. Sawyer & Company Inc raised its holdings in Republic Services by 2.4% during the 4th quarter. Sawyer & Company Inc now owns 8,536 shares of the business services provider’s stock worth $765,000 after buying an additional 200 shares during the period. First Hawaiian Bank grew its stake in shares of Republic Services by 4.5% during the 4th quarter. First Hawaiian Bank now owns 7,240 shares of the business services provider’s stock worth $649,000 after acquiring an additional 311 shares in the last quarter. Appleton Partners Inc. MA grew its stake in shares of Republic Services by 12.0% during the 4th quarter. Appleton Partners Inc. MA now owns 34,474 shares of the business services provider’s stock worth $3,090,000 after acquiring an additional 3,681 shares in the last quarter. Finally, DNB Asset Management AS grew its stake in shares of Republic Services by 33.4% during the 4th quarter. DNB Asset Management AS now owns 54,020 shares of the business services provider’s stock worth $4,842,000 after acquiring an additional 13,515 shares in the last quarter. 57.87% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on RSG. ValuEngine cut shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. CIBC began coverage on shares of Republic Services in a research report on Tuesday, December 17th. They set a “neutral” rating and a $99.00 price objective for the company. Stifel Nicolaus set a $95.00 price objective on shares of Republic Services and gave the stock a “buy” rating in a research report on Monday, September 23rd. Jefferies Financial Group began coverage on shares of Republic Services in a research report on Wednesday, November 27th. They set a “buy” rating and a $100.00 price objective for the company. Finally, Bank of America cut shares of Republic Services from a “buy” rating to a “neutral” rating and set a $95.00 price objective for the company. in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $91.86.
In other news, CAO Brian A. Goebel sold 2,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $89.72, for a total transaction of $179,440.00. Following the completion of the sale, the chief accounting officer now owns 8,186 shares of the company’s stock, valued at $734,447.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Welborn John 3,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. 0.30% of the stock is owned by corporate insiders.
NYSE RSG traded up $0.11 during trading hours on Tuesday, reaching $91.94. The company’s stock had a trading volume of 296,455 shares, compared to its average volume of 970,451. The firm has a fifty day simple moving average of $89.38 and a 200-day simple moving average of $87.92. Republic Services, Inc. has a 52 week low of $73.53 and a 52 week high of $91.97. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market cap of $29.31 billion, a P/E ratio of 29.75, a P/E/G ratio of 3.12 and a beta of 0.49.
Republic Services (NYSE:RSG) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.06. Republic Services had a return on equity of 13.13% and a net margin of 10.58%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the previous year, the business posted $0.82 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, research analysts expect that Republic Services, Inc. will post 3.29 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, January 1st. Republic Services’s dividend payout ratio is currently 52.43%.
Republic Services Company Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.
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