Sanctuary Advisors LLC Acquires 7,608 Shares of Republic Services, Inc. (NYSE:RSG)

Sanctuary Advisors LLC lifted its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 28.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,065 shares of the business services provider's stock after buying an additional 7,608 shares during the period. Sanctuary Advisors LLC's holdings in Republic Services were worth $7,385,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new position in Republic Services in the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC raised its stake in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider's stock valued at $28,000 after buying an additional 109 shares during the period. Webster Bank N. A. acquired a new position in Republic Services in the 3rd quarter valued at about $31,000. Truvestments Capital LLC acquired a new stake in Republic Services in the 3rd quarter worth about $34,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Republic Services during the second quarter worth about $36,000. Institutional investors own 57.73% of the company's stock.

Republic Services Stock Performance

Shares of Republic Services stock traded down $1.16 during trading on Friday, reaching $208.97. The company's stock had a trading volume of 805,739 shares, compared to its average volume of 894,848. The firm has a market cap of $65.44 billion, a PE ratio of 33.44, a P/E/G ratio of 3.30 and a beta of 0.71. 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 company has a 50-day moving average price of $208.53 and a two-hundred day moving average price of $201.84. Republic Services, Inc. has a fifty-two week low of $160.65 and a fifty-two week high of $220.58.

Republic Services (NYSE:RSG - Get Free Report) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the prior year, the firm earned $1.54 EPS. The firm's quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts forecast that Republic Services, Inc. will post 6.25 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 dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, January 2nd. Republic Services's dividend payout ratio (DPR) is presently 37.12%.

Wall Street Analyst Weigh In

Several research firms have issued reports on RSG. CIBC boosted their price target on shares of Republic Services from $217.00 to $227.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. William Blair started coverage on shares of Republic Services in a research report on Thursday, October 3rd. They set an "outperform" rating for the company. Oppenheimer increased their target price on shares of Republic Services from $219.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped their target price on shares of Republic Services from $211.00 to $219.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley raised their price target on Republic Services from $217.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Republic Services presently has an average rating of "Moderate Buy" and a consensus price target of $220.06.

Insider Buying and Selling

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the company's 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 completion of the transaction, the director now directly owns 879 shares in the company, valued at $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by company 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.