Republic Services, Inc. (NYSE:RSG) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC trimmed its holdings in Republic Services, Inc. (NYSE:RSG) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,243 shares of the business services provider’s stock after selling 279 shares during the period. Donaldson Capital Management LLC’s holdings in Republic Services were worth $2,061,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new stake in shares of Republic Services in the 3rd quarter valued at approximately $25,000. Arcadia Investment Management Corp MI increased its holdings in shares of Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 88 shares during the last quarter. R Squared Ltd bought a new stake in shares of Republic Services in the 4th quarter valued at approximately $32,000. Truvestments Capital LLC bought a new stake in shares of Republic Services in the 3rd quarter valued at approximately $34,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Republic Services in the 3rd quarter valued at approximately $39,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 owns 10,416 shares in the company, valued at $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on RSG shares. UBS Group boosted their price target on Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a report 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 report on Thursday, January 23rd. Cibc World Mkts upgraded Republic Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Finally, CIBC upgraded Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price objective for the company in a research note on Tuesday, March 4th. Five research 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $236.88.

Republic Services Trading Down 0.4 %

NYSE:RSG opened at $233.20 on Tuesday. Republic Services, Inc. has a 1 year low of $180.91 and a 1 year high of $240.95. The stock has a market cap of $72.82 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 3.64 and a beta of 0.73. The business has a fifty day moving average of $219.55 and a 200-day moving average of $211.06. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58.

Republic Services (NYSE:RSG) last announced its quarterly earnings data 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 analyst estimates of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same quarter in the prior year, the firm posted $1.41 earnings per share. Equities analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

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 issued a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.99%. Republic Services’s dividend payout ratio (DPR) 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.