Savant Capital LLC Has $3.67 Million Position in Republic Services, Inc. $RSG

Savant Capital LLC lowered its stake in shares of Republic Services, Inc. (NYSE:RSG) by 46.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 17,312 shares of the business services provider’s stock after selling 14,882 shares during the quarter. Savant Capital LLC’s holdings in Republic Services were worth $3,669,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Republic Services by 0.3% during the third quarter. Vanguard Group Inc. now owns 19,107,360 shares of the business services provider’s stock worth $4,384,757,000 after buying an additional 49,365 shares in the last quarter. JPMorgan Chase & Co. grew its position in Republic Services by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider’s stock worth $711,003,000 after buying an additional 409,142 shares in the last quarter. Bank of America Corp DE grew its position in Republic Services by 6.0% during the third quarter. Bank of America Corp DE now owns 2,031,005 shares of the business services provider’s stock worth $466,075,000 after buying an additional 114,291 shares in the last quarter. Ameriprise Financial Inc. grew its position in Republic Services by 5.5% during the second quarter. Ameriprise Financial Inc. now owns 1,458,550 shares of the business services provider’s stock worth $359,695,000 after buying an additional 76,593 shares in the last quarter. Finally, Chilton Investment Co. Inc. grew its position in Republic Services by 4.2% during the third quarter. Chilton Investment Co. Inc. now owns 1,353,587 shares of the business services provider’s stock worth $310,621,000 after buying an additional 54,452 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Down 1.7%

Shares of RSG stock opened at $200.32 on Friday. The stock’s fifty day moving average price is $211.11 and its two-hundred day moving average price is $214.80. The company has a market cap of $61.63 billion, a PE ratio of 28.74, a P/E/G ratio of 3.30 and a beta of 0.43. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $258.75. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.67 and a current ratio of 0.67.

Republic Services (NYSE:RSG) last issued its earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.10 billion. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 EPS. Equities analysts predict that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is 35.87%.

Insider Buying and Selling at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average price of $213.31 per share, with a total value of $12,947,917.00. Following the acquisition, the insider directly owned 110,803,982 shares in the company, valued at $23,635,597,400.42. The trade was a 0.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders acquired 987,150 shares of company stock worth $202,366,682. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Morgan Stanley reduced their price target on Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. UBS Group reduced their price target on Republic Services from $240.00 to $223.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Royal Bank Of Canada raised their target price on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Citigroup reduced their target price on Republic Services from $253.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $249.00 target price on shares of Republic Services in a report on Friday, May 8th. Eleven analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $245.15.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.