CANADA LIFE ASSURANCE Co Sells 275 Shares of Republic Services, Inc. (NYSE:RSG)

CANADA LIFE ASSURANCE Co lowered its position in Republic Services, Inc. (NYSE:RSG) by 0.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 159,343 shares of the business services provider’s stock after selling 275 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Republic Services were worth $30,524,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RSG. YHB Investment Advisors Inc. bought a new position in Republic Services in the first quarter valued at $29,000. Bogart Wealth LLC bought a new position in Republic Services in the fourth quarter valued at $30,000. Turtle Creek Wealth Advisors LLC bought a new position in Republic Services in the fourth quarter valued at $34,000. Jones Financial Companies Lllp increased its stake in Republic Services by 3,014.3% in 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. Finally, BKM Wealth Management LLC bought a new position in Republic Services in the fourth quarter valued at $37,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Down 3.7 %

Shares of Republic Services stock traded down $7.38 during trading on Thursday, reaching $192.29. 1,275,022 shares of the stock were exchanged, compared to its average volume of 1,200,580. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.05. The stock’s fifty day moving average is $192.17 and its 200 day moving average is $185.65. The firm has a market cap of $60.56 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 3.37 and a beta of 0.69. Republic Services, Inc. has a 1 year low of $140.23 and a 1 year high of $206.54.

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

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be issued a $0.58 dividend. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a yield of 1.21%. Republic Services’s dividend payout ratio (DPR) is 37.54%.

Insiders Place Their Bets

In related news, Director Katharine Weymouth acquired 540 shares of the stock in a transaction on Tuesday, June 4th. The stock was acquired at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the acquisition, the director now directly owns 540 shares of the company’s stock, valued at approximately $100,040.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CMO Amanda Hodges sold 6,500 shares of the business’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 directly owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Katharine Weymouth purchased 540 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was bought at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the transaction, 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 company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RSG shares. Robert W. Baird increased their target price on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday. Oppenheimer reduced their price objective on Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday. BMO Capital Markets raised their price objective on Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Thursday. Royal Bank of Canada raised their price objective on Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, CIBC raised their price objective on Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a research note on Thursday. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $211.69.

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.