Republic Services, Inc. (NYSE:RSG) Position Cut by Autumn Glory Partners LLC

Autumn Glory Partners LLC trimmed its holdings in Republic Services, Inc. (NYSE:RSG) by 50.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,655 shares of the business services provider’s stock after selling 1,655 shares during the quarter. Autumn Glory Partners LLC’s holdings in Republic Services were worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning lifted its position in shares of Republic Services by 8.1% during the 3rd quarter. Creative Planning now owns 31,447 shares of the business services provider’s stock valued at $6,316,000 after acquiring an additional 2,360 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after acquiring an additional 109 shares in the last quarter. Good Life Advisors LLC raised its holdings in shares of Republic Services by 12.3% during the third quarter. Good Life Advisors LLC now owns 1,207 shares of the business services provider’s stock worth $242,000 after acquiring an additional 132 shares in the last quarter. Buffington Mohr McNeal raised its holdings in Republic Services by 8.3% during the third quarter. Buffington Mohr McNeal now owns 40,306 shares of the business services provider’s stock valued at $8,095,000 after buying an additional 3,091 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in Republic Services by 30.6% during the third quarter. Bleakley Financial Group LLC now owns 6,878 shares of the business services provider’s stock valued at $1,381,000 after buying an additional 1,611 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Up 2.9 %

Republic Services stock opened at $230.98 on Friday. Republic Services, Inc. has a fifty-two week low of $177.03 and a fifty-two week high of $232.52. The stock has a market cap of $72.33 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74. The firm’s 50-day simple moving average is $210.65 and its 200 day simple moving average is $207.06. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last released its earnings results 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 12.46% and a return on equity of 18.18%. During the same period in the previous year, the business earned $1.41 EPS. Research analysts predict that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 1.00%. Republic Services’s dividend payout ratio (DPR) is 37.12%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RSG shares. CIBC lifted their price objective on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a report on Friday. Oppenheimer boosted their target price on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Finally, Morgan Stanley boosted their price objective on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.38.

Insider Activity

In other Republic Services news, 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 transaction of $400,186.93. Following the completion of the sale, the director now owns 879 shares of the company’s stock, valued at $189,222.33. This represents a 67.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

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.