Republic Services, Inc. (NYSE:RSG) Stake Lifted by Buffington Mohr McNeal

Buffington Mohr McNeal increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 37.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,020 shares of the business services provider’s stock after buying an additional 9,071 shares during the quarter. Buffington Mohr McNeal’s holdings in Republic Services were worth $6,321,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RSG. JPMorgan Chase & Co. boosted its position in Republic Services by 0.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,658,978 shares of the business services provider’s stock worth $948,971,000 after acquiring an additional 44,512 shares during the period. Capital World Investors boosted its position in Republic Services by 416.9% during the 4th quarter. Capital World Investors now owns 6,562,420 shares of the business services provider’s stock worth $1,082,209,000 after acquiring an additional 5,292,862 shares during the period. Morgan Stanley boosted its position in Republic Services by 4.1% during the 3rd quarter. Morgan Stanley now owns 5,054,359 shares of the business services provider’s stock worth $720,297,000 after acquiring an additional 197,654 shares during the period. Norges Bank acquired a new position in Republic Services during the 4th quarter worth $358,837,000. Finally, Ameriprise Financial Inc. boosted its position in Republic Services by 0.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,604,598 shares of the business services provider’s stock worth $228,697,000 after acquiring an additional 4,376 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth purchased 540 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the purchase, the director now owns 540 shares in the company, valued at approximately $100,040.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Katharine Weymouth purchased 540 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the purchase, the director now owns 540 shares in the company, valued at approximately $100,040.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the sale, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RSG has been the subject of a number of analyst reports. Oppenheimer boosted their price target on Republic Services from $202.00 to $204.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group upped their price objective on Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Jefferies Financial Group upped their price objective on Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. Morgan Stanley lowered Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a report on Friday, March 15th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Republic Services in a report on Thursday, May 23rd. They issued a “hold” rating and a $203.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average target price of $201.14.

Republic Services Stock Up 0.1 %

RSG stock traded up $0.28 during mid-day trading on Tuesday, hitting $193.16. The stock had a trading volume of 1,518,255 shares, compared to its average volume of 1,202,072. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 1-year low of $140.23 and a 1-year high of $196.76. The company has a fifty day moving average of $188.76 and a 200 day moving average of $181.54. The stock has a market capitalization of $60.83 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 3.26 and a beta of 0.69.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the firm posted $1.24 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Republic Services, Inc. will post 6.05 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be paid a dividend of $0.535 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a dividend yield of 1.11%. Republic Services’s dividend payout ratio (DPR) is presently 37.54%.

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.