Tlwm Sells 139 Shares of Republic Services, Inc. (NYSE:RSG)

Tlwm reduced its position in Republic Services, Inc. (NYSE:RSG) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,217 shares of the business services provider’s stock after selling 139 shares during the period. Republic Services accounts for about 0.3% of Tlwm’s investment portfolio, making the stock its 25th biggest position. Tlwm’s holdings in Republic Services were worth $1,382,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new stake in shares of Republic Services during the 4th quarter valued at about $30,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Republic Services during the 4th quarter valued at $34,000. Jones Financial Companies Lllp increased its position in Republic Services by 3,014.3% during the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 211 shares during the last quarter. BKM Wealth Management LLC bought a new stake in shares of Republic Services in the 4th quarter worth about $37,000. Finally, Bruce G. Allen Investments LLC bought a new position in Republic Services during the 4th quarter valued at about $41,000. 57.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Republic Services news, Director Katharine Weymouth acquired 540 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average cost of $185.26 per share, with a total value of $100,040.40. Following the acquisition, the director now directly owns 540 shares of the company’s stock, valued at $100,040.40. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the sale, the chief marketing officer now owns 6,831 shares in the company, valued at approximately $1,270,702.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Katharine Weymouth bought 540 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average cost of $185.26 per share, with a total value of $100,040.40. Following the completion of the acquisition, the director now owns 540 shares in the company, valued at $100,040.40. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on RSG. Deutsche Bank Aktiengesellschaft initiated coverage on Republic Services in a research note on Thursday, May 23rd. They set a “hold” rating and a $203.00 target price on the stock. Jefferies Financial Group boosted their target price on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Citigroup raised their price target on shares of Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. BMO Capital Markets upped their target price on shares of Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Finally, UBS Group lifted their price target on shares of Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.14.

Republic Services Stock Up 0.4 %

Shares of RSG stock traded up $0.73 during trading hours on Thursday, reaching $194.82. 674,902 shares of the company’s stock were exchanged, compared to its average volume of 1,170,180. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. The company has a market cap of $61.35 billion, a price-to-earnings ratio of 34.15, a P/E/G ratio of 3.27 and a beta of 0.68. Republic Services, Inc. has a fifty-two week low of $140.23 and a fifty-two week high of $196.76. The stock’s 50 day moving average is $188.53 and its 200-day moving average is $180.80.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.10. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $1.24 earnings per share. Analysts predict that Republic Services, Inc. will post 6.05 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s payout ratio is 37.54%.

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.