Republic Services, Inc. (NYSE:RSG) Shares Acquired by MGB Wealth Management LLC

MGB Wealth Management LLC increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,505 shares of the business services provider’s stock after acquiring an additional 142 shares during the quarter. MGB Wealth Management LLC’s holdings in Republic Services were worth $504,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Creative Planning boosted its position in shares of 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. BOS Asset Management LLC boosted its holdings in shares of Republic Services by 3.8% in the third quarter. BOS Asset Management LLC now owns 2,774 shares of the business services provider’s stock valued at $557,000 after acquiring an additional 101 shares during the period. Wolff Wiese Magana LLC grew its position 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 during the last quarter. AAFMAA Wealth Management & Trust LLC increased its holdings in shares of Republic Services by 3.9% in the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 9,748 shares of the business services provider’s stock valued at $1,958,000 after acquiring an additional 363 shares during the period. Finally, Kowal Investment Group LLC raised its position in Republic Services by 8.6% in the 3rd quarter. Kowal Investment Group LLC now owns 2,243 shares of the business services provider’s stock valued at $451,000 after purchasing an additional 178 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on RSG shares. Morgan Stanley raised their price objective on shares of Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Jefferies Financial Group raised their price target on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Finally, Oppenheimer increased their price target on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $224.38.

Republic Services Stock Performance

Shares of RSG opened at $223.38 on Thursday. The company has a market capitalization of $69.95 billion, a PE ratio of 35.74, a P/E/G ratio of 3.24 and a beta of 0.74. Republic Services, Inc. has a 52-week low of $172.23 and a 52-week high of $224.45. The company has a 50-day simple moving average of $210.32 and a 200-day simple moving average of $206.82. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services Announces Dividend

The business 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. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.04%. Republic Services’s payout ratio is 37.12%.

Insider Buying and Selling

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 879 shares of the company’s stock, valued at approximately $189,222.33. This trade represents a 67.90 % 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.

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.