Republic Services, Inc. $RSG Shares Newly Purchased by Marathon Wealth Advisors LLC

Marathon Wealth Advisors LLC purchased a new stake in Republic Services, Inc. (NYSE:RSG) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,548 shares of the business services provider’s stock, valued at approximately $2,843,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc acquired a new stake in Republic Services during the 2nd quarter worth approximately $25,000. Laurel Wealth Advisors LLC purchased a new position in shares of Republic Services in the 3rd quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Republic Services in the second quarter valued at approximately $27,000. Compass Financial Management LLC acquired a new position in shares of Republic Services in the second quarter valued at approximately $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Republic Services by 47.3% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock worth $35,000 after purchasing an additional 52 shares during the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Up 0.3%

Republic Services stock opened at $247.43 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $75.38 billion, a price-to-earnings ratio of 34.22, a price-to-earnings-growth ratio of 4.10 and a beta of 0.32. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $254.39. The stock’s fifty day moving average is $225.95 and its two-hundred day moving average is $218.01.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, October 29th. The business services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.01. The business had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Republic Services had a return on equity of 18.56% and a net margin of 12.93%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $1.90 earnings per share. Analysts predict that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Monday, January 4th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, January 4th. Republic Services’s dividend payout ratio is presently 37.07%.

Insiders Place Their Bets

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 409,500 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was bought at an average price of $221.49 per share, for a total transaction of $90,700,155.00. Following the completion of the transaction, the insider owned 116,166,330 shares in the company, valued at approximately $25,729,680,431.70. The trade was a 0.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have bought 5,578,298 shares of company stock worth $1,234,519,081. Company insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on RSG. Canadian Imperial Bank of Commerce decreased their price target on Republic Services from $249.00 to $240.00 and set an “outperform” rating for the company in a report on Thursday, October 8th. Wolfe Research assumed coverage on shares of Republic Services in a research note on Tuesday, September 15th. They issued a “peer perform” rating on the stock. Citigroup upped their price objective on shares of Republic Services from $259.00 to $281.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. Morgan Stanley reduced their target price on shares of Republic Services from $232.00 to $219.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 13th. Finally, Sanford C. Bernstein lifted their target price on shares of Republic Services from $220.00 to $227.00 and gave the company a “market perform” rating in a report on Monday, August 10th. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.32.

Republic Services Company Profile

Republic Services, Inc. provides waste collection, recycling and environmental services to residential, commercial, industrial and municipal customers across the United States. Its services include collecting and transporting waste, operating transfer stations and landfills, and processing recyclable materials. The company also provides environmental solutions, including services for the management and disposal of hazardous and other specialized waste. Republic Services traces its origins to the 1990s and expanded its operations through the 2008 combination with Allied Waste Industries.