Lifeworks Advisors LLC Has $6.24 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Lifeworks Advisors LLC lifted its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 44.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,010 shares of the business services provider's stock after acquiring an additional 9,541 shares during the period. Republic Services makes up about 1.1% of Lifeworks Advisors LLC's investment portfolio, making the stock its 21st largest holding. Lifeworks Advisors LLC's holdings in Republic Services were worth $6,239,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Republic Services by 37.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider's stock worth $3,586,000 after purchasing an additional 4,827 shares during the last quarter. TCW Group Inc. boosted its holdings in Republic Services by 13.0% during the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider's stock worth $23,013,000 after purchasing an additional 13,138 shares during the last quarter. Avanza Fonder AB acquired a new position in Republic Services during the fourth quarter worth $4,430,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Republic Services during the third quarter worth $6,102,000. Finally, Czech National Bank lifted its stake in Republic Services by 6.1% in the fourth quarter. Czech National Bank now owns 44,134 shares of the business services provider's stock valued at $8,879,000 after acquiring an additional 2,548 shares during the last quarter. Institutional investors own 57.73% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have commented on RSG. BMO Capital Markets upgraded shares of Republic Services from a "market perform" rating to an "outperform" rating and increased their price target for the company from $211.00 to $238.00 in a research note on Friday, December 6th. Argus set a $260.00 price target on shares of Republic Services in a research note on Tuesday, February 18th. Royal Bank of Canada upgraded shares of Republic Services from a "sector perform" rating to an "outperform" rating and increased their price target for the company from $219.00 to $237.00 in a research note on Monday, January 6th. The Goldman Sachs Group raised their target price on shares of Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group raised their target price on shares of Republic Services from $235.00 to $244.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $236.88.

Republic Services Price Performance

RSG stock traded up $2.79 during mid-day trading on Friday, hitting $234.28. The stock had a trading volume of 972,254 shares, compared to its average volume of 1,052,239. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 52 week low of $180.91 and a 52 week high of $240.95. The firm has a market capitalization of $73.16 billion, a P/E ratio of 36.10, a P/E/G ratio of 3.64 and a beta of 0.73. The firm has a fifty day simple moving average of $218.91 and a 200 day simple moving average of $210.88.

Republic Services (NYSE:RSG - Get Free Report) last released its earnings results on Thursday, February 13th. The business services provider reported $1.58 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 firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the firm earned $1.41 EPS. As a group, research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

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

Insider Activity at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is currently 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.