Republic Services, Inc. (NYSE:RSG) Shares Purchased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC boosted its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 89.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,184 shares of the business services provider's stock after acquiring an additional 2,920 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Republic Services were worth $1,242,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in Republic Services during the third quarter valued at $25,000. Wolff Wiese Magana LLC grew its holdings in Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider's stock valued at $28,000 after purchasing an additional 109 shares during the period. Webster Bank N. A. bought a new stake in Republic Services during the third quarter valued at about $31,000. Truvestments Capital LLC bought a new stake in Republic Services during the third quarter valued at about $34,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Republic Services during the second quarter valued at about $36,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Trading Down 0.7 %

Shares of NYSE RSG traded down $1.39 during midday trading on Wednesday, hitting $210.30. The company's stock had a trading volume of 835,883 shares, compared to its average volume of 1,112,415. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The business's 50 day moving average is $207.99 and its two-hundred day moving average is $201.44. Republic Services, Inc. has a 12-month low of $160.65 and a 12-month high of $220.58. The firm has a market cap of $65.86 billion, a P/E ratio of 33.90, a price-to-earnings-growth ratio of 3.31 and a beta of 0.71.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the business posted $1.54 earnings per share. The company's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts expect that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.10%. Republic Services's dividend payout ratio (DPR) is currently 37.12%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on Republic Services from $211.00 to $219.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 30th. Scotiabank assumed coverage on Republic Services in a research note on Friday, October 4th. They issued a "sector perform" rating and a $224.00 price objective for the company. William Blair assumed coverage on Republic Services in a research note on Thursday, October 3rd. They issued an "outperform" rating for the company. Morgan Stanley upped their price objective on Republic Services from $208.00 to $217.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Finally, CIBC upped their price objective on Republic Services from $217.00 to $227.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $219.88.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now owns 879 shares of the company's stock, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

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.