Republic Services, Inc. (NYSE:RSG) Shares Bought by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI lifted its position in shares of Republic Services, Inc. (NYSE:RSG) by 200.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132 shares of the business services provider’s stock after purchasing an additional 88 shares during the period. Arcadia Investment Management Corp MI’s holdings in Republic Services were worth $27,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new stake in Republic Services during the 3rd quarter worth about $25,000. R Squared Ltd purchased a new stake in Republic Services during the fourth quarter worth approximately $32,000. Truvestments Capital LLC purchased a new position in Republic Services in the third quarter valued at approximately $34,000. Ashton Thomas Securities LLC acquired a new stake in Republic Services during the third quarter worth approximately $39,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Republic Services during the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of NYSE RSG opened at $230.73 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. Republic Services, Inc. has a one year low of $180.91 and a one year high of $232.52. The firm has a market capitalization of $72.05 billion, a P/E ratio of 35.55, a PEG ratio of 3.62 and a beta of 0.74. The company’s fifty day moving average is $212.87 and its two-hundred day moving average is $208.51.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates 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 in the prior year, the business posted $1.41 earnings per share. Analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is 35.75%.

Wall Street Analysts Forecast Growth

RSG has been the topic of several research analyst reports. Jefferies Financial Group lifted their price target 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. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $219.00 to $237.00 in a report on Monday, January 6th. William Blair restated an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. CIBC boosted their price objective on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group upped their price target on shares of Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.75.

Insider Activity

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm’s 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 transaction, 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 SEC, which is accessible through this link. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the sale, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. The trade was 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.

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.