10,278 Shares in Republic Services, Inc. (NYSE:RSG) Purchased by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,278 shares of the business services provider's stock, valued at approximately $2,068,000.

Several other institutional investors have also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. raised its position in shares of 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 buying an additional 48 shares during the period. Simmons Bank raised its position in shares of 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 buying an additional 51 shares during the period. 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 period. Hantz Financial Services Inc. raised its position in Republic Services by 1.0% in the third quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider's stock valued at $1,024,000 after purchasing an additional 52 shares during the period. Finally, Venturi Wealth Management LLC raised its position in Republic Services by 16.5% in the third quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider's stock valued at $77,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 57.73% of the company's stock.

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Insider Buying and Selling at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the company's stock in a transaction dated 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 directly owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by insiders.

Republic Services Stock Performance

NYSE RSG traded up $2.79 during trading hours on Friday, hitting $234.28. The company had a trading volume of 972,254 shares, compared to its average volume of 1,052,239. 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 1-year low of $180.91 and a 1-year high of $240.95. The company has a market cap of $73.16 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. The business has a 50 day moving average of $218.91 and a 200-day moving average of $210.84.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the firm posted $1.41 earnings per share. As a group, equities research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 0.99%. Republic Services's dividend payout ratio is presently 35.75%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on RSG shares. The Goldman Sachs Group boosted their target price on Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. BMO Capital Markets raised Republic Services from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $211.00 to $238.00 in a research report on Friday, December 6th. William Blair reissued an "outperform" rating on shares of Republic Services in a research report on Friday, February 14th. Stifel Nicolaus boosted their price target on shares of Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada upgraded shares of Republic Services from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $219.00 to $237.00 in a research note 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, Republic Services has an average rating of "Moderate Buy" and a consensus price target of $236.88.

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.