Rossby Financial LCC Buys New Stake in Republic Services, Inc. (NYSE:RSG)

Rossby Financial LCC purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,150 shares of the business services provider's stock, valued at approximately $231,000.

Several other institutional investors and hedge funds have also bought and sold shares of RSG. McGlone Suttner Wealth Management Inc. raised its holdings in Republic Services by 2.2% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider's stock worth $445,000 after purchasing an additional 48 shares in the last quarter. Access Financial Services Inc. increased its position in shares of Republic Services by 0.8% during 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 buying an additional 51 shares during the period. Tower Wealth Partners Inc. raised its stake in Republic Services by 3.3% in the fourth quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider's stock worth $341,000 after buying an additional 54 shares in the last quarter. Umpqua Bank lifted its holdings in Republic Services by 3.2% in the fourth quarter. Umpqua Bank now owns 1,808 shares of the business services provider's stock worth $374,000 after buying an additional 56 shares during the period. Finally, Fidelis Capital Partners LLC grew its holdings in shares of Republic Services by 3.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,579 shares of the business services provider's stock worth $349,000 after acquiring an additional 59 shares during the period. Hedge funds and other institutional investors own 57.73% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Jefferies Financial Group lifted their price target on Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. William Blair restated an "outperform" rating on shares of Republic Services in a report on Friday, February 14th. Cibc World Mkts raised shares of Republic Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Morgan Stanley upped their price objective on shares of Republic Services from $220.00 to $230.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Finally, CIBC upgraded shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 target price for the company in a report on Tuesday, March 4th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $239.13.

Insider Buying and Selling at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.09% of the company's stock.

Republic Services Stock Down 0.2 %

Shares of RSG traded down $0.51 during midday trading on Friday, hitting $243.11. 837,780 shares of the company's stock traded hands, compared to its average volume of 1,116,459. The firm's fifty day moving average is $235.09 and its 200-day moving average is $217.77. Republic Services, Inc. has a 1 year low of $180.92 and a 1 year high of $249.73. The stock has a market capitalization of $75.92 billion, a price-to-earnings ratio of 37.46, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62. 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 (NYSE:RSG - Get Free Report) last released its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm earned $1.41 EPS. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were issued a $0.58 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 0.95%. Republic Services's dividend payout ratio (DPR) is presently 35.75%.

Republic Services Company 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.