Republic Services, Inc. (NYSE:RSG) Shares Sold by Stephens Inc. AR

Stephens Inc. AR lessened its stake in Republic Services, Inc. (NYSE:RSG) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,058 shares of the business services provider’s stock after selling 352 shares during the period. Stephens Inc. AR’s holdings in Republic Services were worth $3,633,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC grew its position in Republic Services by 19.3% during the third quarter. CWM LLC now owns 10,894 shares of the business services provider’s stock valued at $2,188,000 after buying an additional 1,763 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Republic Services by 399.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,001 shares of the business services provider’s stock valued at $402,000 after acquiring an additional 1,600 shares during the period. Webster Bank N. A. purchased a new position in shares of Republic Services in the 3rd quarter valued at about $31,000. Fiduciary Alliance LLC raised its holdings in Republic Services by 3.7% in the 3rd quarter. Fiduciary Alliance LLC now owns 41,229 shares of the business services provider’s stock worth $8,281,000 after purchasing an additional 1,478 shares during the period. Finally, Creative Planning grew its holdings in Republic Services by 8.1% in the third 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. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the transaction, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now owns 879 shares in the company, 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. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on RSG shares. Morgan Stanley upped their target price on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. CIBC upped their price objective on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Jefferies Financial Group raised their price target on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Oppenheimer boosted their price objective on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $224.38.

Republic Services Stock Up 0.4 %

NYSE RSG opened at $221.92 on Tuesday. The business’s fifty day simple moving average is $210.01 and its 200-day simple moving average is $206.36. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market cap of $69.50 billion, a PE ratio of 35.51, a P/E/G ratio of 3.24 and a beta of 0.74. Republic Services, Inc. has a 52 week low of $171.06 and a 52 week high of $223.43.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 1.05%. Republic Services’s payout ratio is 37.12%.

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.