Uniting Wealth Partners LLC Makes New Investment in Republic Services, Inc. (NYSE:RSG)

Uniting Wealth Partners LLC purchased a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,322 shares of the business services provider's stock, valued at approximately $266,000.

Several other institutional investors and hedge funds also recently bought and sold shares of RSG. Arcadia Investment Management Corp MI grew its holdings in Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after buying an additional 88 shares in the last quarter. R Squared Ltd bought a new stake in shares of Republic Services during the fourth quarter valued at approximately $32,000. New Age Alpha Advisors LLC boosted its holdings in Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock worth $36,000 after acquiring an additional 73 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Republic Services during the fourth quarter valued at $45,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Republic Services during the 4th quarter valued at about $48,000. 57.73% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Gregg Brummer sold 6,293 shares of Republic Services 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 completion of the sale, the chief operating officer now owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by company insiders.

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Republic Services Stock Performance

NYSE RSG traded up $1.46 on Tuesday, hitting $232.39. 947,904 shares of the stock were exchanged, compared to its average volume of 1,106,240. The business's fifty day moving average is $231.01 and its 200 day moving average is $215.46. Republic Services, Inc. has a 52 week low of $180.92 and a 52 week high of $249.73. The company has a market capitalization of $72.57 billion, a PE ratio of 35.77, a P/E/G ratio of 3.64 and a beta of 0.62. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.21. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same period last year, the business posted $1.41 EPS. Research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 1.00%. Republic Services's dividend payout ratio (DPR) is presently 35.75%.

Wall Street Analyst Weigh In

RSG has been the subject of several analyst reports. The Goldman Sachs Group raised their price objective on Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Morgan Stanley increased their price objective on Republic Services from $220.00 to $230.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Argus set a $260.00 target price on Republic Services in a research report on Tuesday, February 18th. Jefferies Financial Group increased 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. Finally, William Blair reissued an "outperform" rating on shares of Republic Services in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $236.88.

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.