World Investment Advisors Has $832,000 Stock Holdings in Republic Services, Inc. (NYSE:RSG)

World Investment Advisors lifted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 35.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,137 shares of the business services provider’s stock after buying an additional 1,082 shares during the period. World Investment Advisors’ holdings in Republic Services were worth $832,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. McGlone Suttner Wealth Management Inc. lifted its holdings in shares of Republic Services by 2.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock worth $445,000 after acquiring an additional 48 shares during the last quarter. Access Financial Services Inc. raised its position in Republic Services by 0.8% in the fourth 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. Tower Wealth Partners Inc. boosted its stake in shares of Republic Services by 3.3% during the fourth quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 54 shares in the last quarter. Umpqua Bank increased its stake in shares of Republic Services by 3.2% in the fourth quarter. Umpqua Bank now owns 1,808 shares of the business services provider’s stock valued at $374,000 after buying an additional 56 shares during the period. Finally, Integrated Wealth Concepts LLC raised its holdings in Republic Services by 1.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,870 shares of the business services provider’s stock valued at $978,000 after buying an additional 58 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Trading Down 5.3 %

Shares of Republic Services stock opened at $235.29 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. Republic Services, Inc. has a 52 week low of $180.92 and a 52 week high of $249.73. The stock has a 50 day moving average price of $230.70 and a two-hundred day moving average price of $215.25. The stock has a market capitalization of $73.48 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62.

Republic Services (NYSE:RSG) last announced 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. 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 during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the business posted $1.41 EPS. As a group, equities analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid 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 yield of 0.99%. Republic Services’s dividend payout ratio (DPR) is currently 35.75%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on RSG shares. CIBC upgraded shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price target for the company in a research report on Tuesday, March 4th. 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 research report on Tuesday, February 18th. UBS Group upped their price target on Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. William Blair restated an “outperform” rating on shares of Republic Services in a research report on Friday, February 14th. Finally, Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $219.00 to $237.00 in a report on Monday, January 6th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $236.88.

Insider Transactions at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares in the company, valued at $2,376,931.20. This represents a 37.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.