USA Financial Formulas Has $304,000 Holdings in Republic Services, Inc. (NYSE:RSG)

USA Financial Formulas lessened its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 80.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,511 shares of the business services provider's stock after selling 6,104 shares during the period. USA Financial Formulas' holdings in Republic Services were worth $304,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RSG. FSA Wealth Management LLC purchased a new position in shares of Republic Services during the third quarter worth about $25,000. Wolff Wiese Magana LLC lifted 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 last quarter. Webster Bank N. A. purchased a new position in shares of Republic Services during the third quarter worth approximately $31,000. Truvestments Capital LLC acquired a new stake in Republic Services during the 3rd quarter worth $34,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Republic Services in the second quarter valued at about $36,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Up 1.1 %

Republic Services stock traded up $2.28 during midday trading on Friday, hitting $214.20. The stock had a trading volume of 633,841 shares, compared to its average volume of 991,991. 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 business has a fifty day moving average price of $209.15 and a 200 day moving average price of $204.24. Republic Services, Inc. has a 12 month low of $165.99 and a 12 month high of $220.58. The stock has a market cap of $67.08 billion, a P/E ratio of 34.30, a P/E/G ratio of 2.98 and a beta of 0.73.

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 for the quarter, beating the consensus estimate of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts predict that Republic Services, Inc. will post 6.25 EPS for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Thursday, January 2nd. Republic Services's dividend payout ratio (DPR) is presently 37.12%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on RSG shares. William Blair started coverage on Republic Services in a research note on Thursday, October 3rd. They set an "outperform" rating for the company. Scotiabank began coverage on Republic Services in a research note on Friday, October 4th. They issued a "sector perform" rating and a $224.00 price objective for the company. Royal Bank of Canada upgraded Republic Services from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. BMO Capital Markets upgraded Republic Services from a "market perform" rating to an "outperform" rating and raised their price target for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Finally, Morgan Stanley increased their price objective on shares of Republic Services from $217.00 to $220.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.12.

Insider Buying and Selling

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now owns 6,318 shares of the company's stock, valued at $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now owns 879 shares in the company, valued at approximately $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company's stock.

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.