Republic Services, Inc. (NYSE:RSG) Shares Purchased by MGO One Seven LLC

MGO One Seven LLC grew its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 125.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,075 shares of the business services provider's stock after purchasing an additional 3,941 shares during the quarter. MGO One Seven LLC's holdings in Republic Services were worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Barclays PLC increased its position in Republic Services by 11.0% during the third quarter. Barclays PLC now owns 675,163 shares of the business services provider's stock worth $135,598,000 after buying an additional 66,842 shares during the period. Virtu Financial LLC raised its position in Republic Services by 36.2% in the 3rd quarter. Virtu Financial LLC now owns 11,944 shares of the business services provider's stock valued at $2,399,000 after purchasing an additional 3,172 shares during the last quarter. Anchor Investment Management LLC boosted its stake in Republic Services by 3.2% during the 3rd quarter. Anchor Investment Management LLC now owns 38,501 shares of the business services provider's stock worth $7,732,000 after purchasing an additional 1,204 shares during the period. World Investment Advisors LLC increased its stake in Republic Services by 25.8% in the third quarter. World Investment Advisors LLC now owns 3,055 shares of the business services provider's stock valued at $613,000 after purchasing an additional 626 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Republic Services in the third quarter valued at about $1,065,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Price Performance

Shares of RSG stock traded up $2.73 during mid-day trading on Monday, reaching $246.29. The stock had a trading volume of 1,480,305 shares, compared to its average volume of 1,117,671. Republic Services, Inc. has a 12-month low of $180.92 and a 12-month high of $249.73. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The business has a 50-day simple moving average of $237.20 and a 200 day simple moving average of $219.97. The company has a market cap of $76.96 billion, a P/E ratio of 37.95, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.05. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The company had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the previous year, the business posted $1.45 earnings per share. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's payout ratio is 34.99%.

Insiders Place Their Bets

In other news, COO Gregg Brummer sold 6,293 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was 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 owns 10,416 shares in the company, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on RSG. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research note on Friday. Scotiabank upped their price target on Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating on shares of Republic Services in a research report on Friday. Robert W. Baird upped their price objective on shares of Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Argus set a $260.00 price target on shares of Republic Services in a research note on Tuesday, February 18th. Five equities research 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $245.38.

About Republic Services

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.