6,317 Shares in Republic Services, Inc. (NYSE:RSG) Purchased by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,317 shares of the business services provider’s stock, valued at approximately $1,271,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Groupama Asset Managment purchased a new position in shares of Republic Services during the fourth quarter worth $2,216,000. Geode Capital Management LLC grew its position in Republic Services by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,565,137 shares of the business services provider’s stock worth $918,045,000 after purchasing an additional 57,616 shares during the period. Diametric Capital LP raised its stake in shares of Republic Services by 33.1% during the 4th quarter. Diametric Capital LP now owns 2,627 shares of the business services provider’s stock valued at $528,000 after buying an additional 654 shares during the last quarter. Tradewinds LLC. boosted its stake in shares of Republic Services by 8.4% in the fourth quarter. Tradewinds LLC. now owns 30,549 shares of the business services provider’s stock worth $6,777,000 after buying an additional 2,367 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its holdings in Republic Services by 14.7% during the fourth quarter. HighPoint Advisor Group LLC now owns 6,619 shares of the business services provider’s stock worth $1,478,000 after acquiring an additional 849 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Gregg Brummer sold 6,293 shares of the company’s 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 completion of the sale, the chief operating officer now owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Republic Services Trading Up 0.6 %

Shares of RSG opened at $243.57 on Wednesday. The firm’s fifty day moving average is $228.86 and its two-hundred day moving average is $214.39. The stock has a market cap of $76.06 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 52-week low of $180.92 and a 52-week high of $244.45.

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

Republic Services Dividend Announcement

The business 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 0.95%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s payout ratio is currently 35.75%.

Analysts Set New Price Targets

RSG has been the subject of a number of analyst reports. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $211.00 to $238.00 in a report on Friday, December 6th. Cibc World Mkts raised shares of Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Stifel Nicolaus lifted their price objective on shares of Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Finally, The Goldman Sachs Group lifted their price target on Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average price target of $236.88.

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.