CFO4Life Group LLC Takes $216,000 Position in Republic Services, Inc. (NYSE:RSG)

CFO4Life Group LLC acquired a new position in Republic Services, Inc. (NYSE:RSG) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,073 shares of the business services provider’s stock, valued at approximately $216,000.

Several other large investors have also added to or reduced their stakes in RSG. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Republic Services by 37.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider’s stock valued at $3,586,000 after purchasing an additional 4,827 shares during the period. TCW Group Inc. grew its holdings in shares of Republic Services by 13.0% during the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock valued at $23,013,000 after buying an additional 13,138 shares during the last quarter. Avanza Fonder AB purchased a new stake in Republic Services during the 4th quarter valued at $4,430,000. Hickory Point Bank & Trust bought a new stake in Republic Services in the 4th quarter worth about $790,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Republic Services in the third quarter worth approximately $6,102,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Down 0.7 %

Shares of NYSE RSG opened at $229.08 on Friday. The firm’s 50-day moving average price is $221.33 and its 200-day moving average price is $211.50. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12-month low of $180.91 and a 12-month high of $240.95. The stock has a market capitalization of $71.54 billion, a price-to-earnings ratio of 35.30, a P/E/G ratio of 3.64 and a beta of 0.73.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the business posted $1.41 earnings per share. On average, equities research analysts anticipate that Republic Services, Inc. will post 6.86 EPS 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. Shareholders of record on Wednesday, April 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.01%. Republic Services’s payout ratio is 35.75%.

Wall Street Analyst Weigh In

RSG has been the topic of a number of research reports. UBS Group raised their price target on Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Jefferies Financial Group boosted their price target on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. William Blair reiterated an “outperform” rating on shares of Republic Services in a research report on Friday, February 14th. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and lifted their target price for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $236.88.

Insider Activity at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was 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 directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.

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.