Wilmington Savings Fund Society FSB Takes $1.07 Million Position in Republic Services, Inc. (NYSE:RSG)

Wilmington Savings Fund Society FSB purchased a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,303 shares of the business services provider's stock, valued at approximately $1,065,000.

A number of other hedge funds have also recently added to or reduced their stakes in RSG. FSA Wealth Management LLC bought a new stake in Republic Services during the third quarter worth $25,000. Wolff Wiese Magana LLC lifted its stake in Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider's stock worth $28,000 after purchasing an additional 109 shares during the last quarter. Webster Bank N. A. bought a new stake in shares of Republic Services in the 3rd quarter valued at about $31,000. Truvestments Capital LLC bought a new stake in shares of Republic Services in the 3rd quarter valued at about $34,000. Finally, Itau Unibanco Holding S.A. bought a new position in Republic Services during the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Trading Down 0.6 %

Republic Services stock traded down $1.16 during trading on Friday, hitting $208.97. The company's stock had a trading volume of 805,739 shares, compared to its average volume of 894,848. The stock has a market capitalization of $65.44 billion, a price-to-earnings ratio of 33.44, a P/E/G ratio of 3.30 and a beta of 0.71. The stock's fifty day moving average is $208.53 and its 200 day moving average is $201.84. Republic Services, Inc. has a 1-year low of $160.65 and a 1-year high of $220.58. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.61 by $0.20. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.54 earnings per share. As a group, equities research analysts predict that Republic Services, Inc. will post 6.25 EPS for the current year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.11%. Republic Services's dividend payout ratio is presently 37.12%.

Analyst Upgrades and Downgrades

RSG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised Republic Services from a "hold" rating to a "buy" rating and increased their price target for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. CIBC lifted their price target on shares of Republic Services from $217.00 to $227.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. BMO Capital Markets raised shares of Republic Services from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $211.00 to $238.00 in a report on Friday, December 6th. Scotiabank began coverage on shares of Republic Services in a research report on Friday, October 4th. They issued a "sector perform" rating and a $224.00 price objective for the company. Finally, Royal Bank of Canada increased their price target on shares of Republic Services from $211.00 to $219.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Republic Services has a consensus rating of "Moderate Buy" and a consensus target price of $220.06.

Insider Transactions at Republic Services

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the transaction, the chief financial officer now owns 6,318 shares of the company's stock, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the transaction, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. This represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company's stock.

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.