Root Financial Partners LLC Purchases New Position in Republic Services, Inc. (NYSE:RSG)

Root Financial Partners LLC acquired a new stake in Republic Services, Inc. (NYSE:RSG) in the fourth quarter, Holdings Channel reports. The fund acquired 1,006 shares of the business services provider’s stock, valued at approximately $202,000.

A number of other institutional investors have also recently bought and sold shares of RSG. Creative Planning boosted its holdings in Republic Services by 8.1% in the 3rd quarter. Creative Planning now owns 31,447 shares of the business services provider’s stock valued at $6,316,000 after purchasing an additional 2,360 shares during the period. Wolff Wiese Magana LLC boosted its holdings in Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 109 shares during the period. Good Life Advisors LLC boosted its holdings in Republic Services by 12.3% in the 3rd quarter. Good Life Advisors LLC now owns 1,207 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 132 shares during the period. Buffington Mohr McNeal boosted its holdings in Republic Services by 8.3% in the 3rd quarter. Buffington Mohr McNeal now owns 40,306 shares of the business services provider’s stock valued at $8,095,000 after purchasing an additional 3,091 shares during the period. Finally, Bleakley Financial Group LLC boosted its holdings in Republic Services by 30.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 6,878 shares of the business services provider’s stock valued at $1,381,000 after purchasing an additional 1,611 shares during the period. Institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was 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. The trade was a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on RSG shares. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and upped their price target for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Morgan Stanley upped their price target on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday. Jefferies Financial Group upped their price target on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Oppenheimer upped their price target on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, CIBC upped their price target on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.38.

Republic Services Trading Up 2.9 %

Shares of NYSE RSG opened at $230.98 on Friday. 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, Inc. has a 52-week low of $177.03 and a 52-week high of $232.52. The firm has a 50 day moving average price of $210.65 and a two-hundred day moving average price of $207.06. The stock has a market cap of $72.33 billion, a P/E ratio of 36.96, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74.

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, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.41 earnings per share. As a group, equities analysts forecast that Republic Services, Inc. will post 6.25 EPS for the current year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

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.