Proficio Capital Partners LLC Buys Shares of 150,264 Republic Services, Inc. (NYSE:RSG)

Proficio Capital Partners LLC bought a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 150,264 shares of the business services provider’s stock, valued at approximately $30,230,000.

Several other institutional investors have also added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. boosted its stake in 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 purchasing an additional 48 shares during the last quarter. Simmons Bank boosted its stake in Republic Services by 2.8% during the 3rd quarter. Simmons Bank now owns 1,895 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 51 shares during the last quarter. Access Financial Services Inc. boosted its stake in Republic Services by 0.8% during the 4th quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock valued at $1,243,000 after purchasing an additional 51 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of 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 buying an additional 52 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of 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 buying an additional 54 shares during the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Argus set a $260.00 price target on Republic Services in a research note on Tuesday, February 18th. UBS Group raised their price target on Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. William Blair restated an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. Finally, The Goldman Sachs Group raised their target price on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.56.

Insider Transactions at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction dated 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 sale, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares in the company, valued at $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Republic Services Price Performance

NYSE:RSG opened at $237.42 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The business’s 50-day simple moving average is $215.73 and its two-hundred day simple moving average is $209.68. The stock has a market cap of $74.14 billion, a PE ratio of 36.58, a P/E/G ratio of 3.64 and a beta of 0.74. Republic Services, Inc. has a 52 week low of $180.91 and a 52 week high of $237.52.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period last year, the firm earned $1.41 earnings per share. As a group, analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.98%. Republic Services’s dividend payout ratio (DPR) 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.