150,264 Shares in Republic Services, Inc. (NYSE:RSG) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in Republic Services, Inc. (NYSE:RSG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 150,264 shares of the business services provider’s stock, valued at approximately $30,230,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its position in shares of Republic Services by 437.9% during the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after buying an additional 1,477,255 shares during the period. Wellington Management Group LLP boosted its position in shares of Republic Services by 23.2% during the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock valued at $1,205,883,000 after buying an additional 1,131,850 shares during the period. Nordea Investment Management AB boosted its position in shares of Republic Services by 19.4% during the fourth quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock valued at $626,553,000 after buying an additional 509,116 shares during the period. National Bank of Canada FI boosted its position in shares of Republic Services by 544.7% during the third quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider’s stock valued at $109,580,000 after buying an additional 460,989 shares during the period. Finally, Two Sigma Advisers LP boosted its position in shares of Republic Services by 169.3% during the third quarter. Two Sigma Advisers LP now owns 554,500 shares of the business services provider’s stock valued at $111,366,000 after buying an additional 348,600 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RSG. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Morgan Stanley boosted their price target on Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. CIBC boosted their price target on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. 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. Finally, BMO Capital Markets upgraded 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. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $234.56.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $237.42 on Friday. The company has a market capitalization of $74.14 billion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. Republic Services, Inc. has a 52 week low of $180.91 and a 52 week high of $237.52. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The firm has a 50 day moving average of $215.73 and a 200 day moving average of $209.68.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period in the prior year, the firm posted $1.41 earnings per share. On average, sell-side analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s payout ratio is presently 35.75%.

Insider Transactions at Republic Services

In other news, Director Katharine Weymouth sold 1,859 shares of the business’s 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 sale, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Gregg Brummer sold 6,293 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

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.