Quilter Plc Buys 52 Shares of Republic Services, Inc. (NYSE:RSG)

Quilter Plc increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 0.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 39,232 shares of the business services provider’s stock after buying an additional 52 shares during the period. Quilter Plc’s holdings in Republic Services were worth $7,893,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RSG. McGlone Suttner Wealth Management Inc. lifted its holdings in Republic Services by 2.2% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock worth $445,000 after purchasing an additional 48 shares during the last quarter. Simmons Bank lifted its holdings in Republic Services by 2.8% during the 3rd quarter. Simmons Bank now owns 1,895 shares of the business services provider’s stock worth $381,000 after buying an additional 51 shares during the period. Access Financial Services Inc. lifted its holdings in Republic Services by 0.8% during the 4th quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock worth $1,243,000 after buying an additional 51 shares during the period. Hantz Financial Services Inc. lifted its holdings in Republic Services by 1.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider’s stock worth $1,024,000 after buying an additional 52 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in shares of Republic Services by 16.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 54 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on RSG shares. Morgan Stanley boosted their price objective on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and increased their target price for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Finally, CIBC increased their target price on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $224.38.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction on 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 transaction, the director now owns 879 shares in the company, valued at approximately $189,222.33. This represents a 67.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction dated Tuesday, November 19th. The shares were 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 owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Republic Services Stock Performance

RSG opened at $220.91 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $69.18 billion, a PE ratio of 35.35, a PEG ratio of 3.24 and a beta of 0.74. The firm’s 50-day moving average price is $210.01 and its 200 day moving average price is $206.31. Republic Services, Inc. has a twelve month low of $171.06 and a twelve month high of $222.65.

Republic Services Announces Dividend

The firm 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 1.05%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is currently 37.12%.

Republic Services Company 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.