Republic Services, Inc. (NYSE:RSG) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its position in Republic Services, Inc. (NYSE:RSG) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,897,183 shares of the business services provider’s stock after selling 107,016 shares during the period. Wellington Management Group LLP owned 1.89% of Republic Services worth $1,186,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. boosted its holdings in shares of Republic Services by 2.2% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock worth $445,000 after purchasing an additional 48 shares during the last quarter. Access Financial Services Inc. lifted its position in Republic Services by 0.8% during the fourth quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock worth $1,243,000 after buying an additional 51 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Republic Services by 1.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider’s stock valued at $1,024,000 after buying an additional 52 shares in the last quarter. Tower Wealth Partners Inc. increased its stake in shares of Republic Services by 3.3% in the 4th quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider’s stock worth $341,000 after acquiring an additional 54 shares during the last quarter. Finally, Umpqua Bank raised its holdings in shares of Republic Services by 3.2% during the 4th quarter. Umpqua Bank now owns 1,808 shares of the business services provider’s stock worth $374,000 after acquiring an additional 56 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now owns 10,416 shares of the company’s stock, valued at $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and raised their price objective for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. CIBC upgraded Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price objective on the stock in a report on Tuesday, March 4th. William Blair reissued an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. Morgan Stanley upped their price target on Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $236.88.

Republic Services Stock Down 0.6 %

RSG stock opened at $238.37 on Monday. The company’s 50 day moving average is $227.72 and its two-hundred day moving average is $213.86. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $241.09. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The stock has a market cap of $74.44 billion, a P/E ratio of 36.73, a PEG ratio of 3.64 and a beta of 0.73.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.21. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period in the previous year, the business earned $1.41 EPS. Research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.97%. Republic Services’s payout ratio is 35.75%.

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.