JPMorgan Chase & Co. Has $553.86 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

JPMorgan Chase & Co. decreased its stake in Republic Services, Inc. (NYSE:RSG) by 12.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,753,077 shares of the business services provider’s stock after selling 378,004 shares during the quarter. JPMorgan Chase & Co. owned 0.88% of Republic Services worth $553,864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. raised its position in Republic Services by 2.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock valued at $445,000 after buying an additional 48 shares during the period. Access Financial Services Inc. increased its holdings in shares of Republic Services by 0.8% in the 4th quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock valued at $1,243,000 after purchasing an additional 51 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Republic Services by 1.0% in the third quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider’s stock worth $1,024,000 after purchasing an additional 52 shares in the last quarter. Tower Wealth Partners Inc. boosted its holdings in shares of Republic Services by 3.3% during the fourth quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider’s stock worth $341,000 after purchasing an additional 54 shares during the period. Finally, Umpqua Bank increased its stake in Republic Services by 3.2% in the 4th quarter. Umpqua Bank now owns 1,808 shares of the business services provider’s stock valued at $374,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Down 0.6 %

RSG stock opened at $238.37 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The company has a 50-day moving average of $227.72 and a two-hundred day moving average of $213.80. The stock has a market capitalization of $74.44 billion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. Republic Services, Inc. has a 52-week low of $180.92 and a 52-week high of $241.09.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the firm posted $1.41 EPS. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 0.97%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is currently 35.75%.

Insiders Place Their Bets

In related news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction dated Wednesday, February 19th. The shares were 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 approximately $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

RSG has been the topic of a number of research reports. Stifel Nicolaus upped their price target on shares of Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. The Goldman Sachs Group raised their price target on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $219.00 to $237.00 in a research note on Monday, January 6th. UBS Group raised their price objective on shares of Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Finally, William Blair restated an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.88.

Republic Services 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.