Republic Services, Inc. (NYSE:RSG) Shares Bought by SlateStone Wealth LLC

SlateStone Wealth LLC grew its position in shares of Republic Services, Inc. (NYSE:RSG) by 44.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,525 shares of the business services provider’s stock after purchasing an additional 2,000 shares during the quarter. SlateStone Wealth LLC’s holdings in Republic Services were worth $1,313,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of RSG. GSA Capital Partners LLP grew its holdings in shares of Republic Services by 80.7% in the 3rd quarter. GSA Capital Partners LLP now owns 4,103 shares of the business services provider’s stock worth $824,000 after acquiring an additional 1,833 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of Republic Services by 1.6% in the 3rd quarter. Metis Global Partners LLC now owns 6,730 shares of the business services provider’s stock worth $1,352,000 after acquiring an additional 105 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Republic Services by 4.1% in the 3rd quarter. Empowered Funds LLC now owns 15,172 shares of the business services provider’s stock worth $3,047,000 after acquiring an additional 597 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Republic Services by 9.5% in the 3rd quarter. Natixis Advisors LLC now owns 132,640 shares of the business services provider’s stock worth $26,639,000 after acquiring an additional 11,553 shares during the last quarter. Finally, Strengthening Families & Communities LLC grew its holdings in shares of Republic Services by 5.3% in the 3rd quarter. Strengthening Families & Communities LLC now owns 15,880 shares of the business services provider’s stock worth $3,189,000 after acquiring an additional 797 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Trading Up 1.2 %

Republic Services stock opened at $232.08 on Monday. 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 business’s 50-day simple moving average is $221.95 and its 200-day simple moving average is $211.74. The firm has a market capitalization of $72.48 billion, a PE ratio of 35.76, a PEG ratio of 3.64 and a beta of 0.73. Republic Services, Inc. has a 52 week low of $180.91 and a 52 week high of $240.95.

Republic Services (NYSE:RSG) last posted its quarterly earnings data 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 analyst estimates 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 in the previous year, the company posted $1.41 earnings per share. Equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

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

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of recent research reports. Argus set a $260.00 target price on Republic Services in a report on Tuesday, February 18th. Stifel Nicolaus raised their target price on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a research report on Friday, February 14th. Morgan Stanley raised their target price on Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group lifted their price objective on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Five research 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 company’s stock. According to MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and an average price target of $236.88.

Insider Activity at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was 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 in the company, valued at $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.