Sigma Planning Corp Has $1.18 Million Stake in Republic Services, Inc. (NYSE:RSG)

Sigma Planning Corp raised its position in Republic Services, Inc. (NYSE:RSG) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,853 shares of the business services provider’s stock after acquiring an additional 583 shares during the quarter. Sigma Planning Corp’s holdings in Republic Services were worth $1,177,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RSG. Assenagon Asset Management S.A. raised its stake in Republic Services by 15.2% in the third quarter. Assenagon Asset Management S.A. now owns 5,663 shares of the business services provider’s stock valued at $1,137,000 after buying an additional 746 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Republic Services by 29.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,855 shares of the business services provider’s stock worth $2,563,000 after acquiring an additional 2,961 shares during the last quarter. Forsta AP Fonden raised its stake in Republic Services by 14.7% in the 3rd quarter. Forsta AP Fonden now owns 50,000 shares of the business services provider’s stock valued at $10,042,000 after acquiring an additional 6,400 shares during the period. State of Alaska Department of Revenue lifted its holdings in Republic Services by 6.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 23,710 shares of the business services provider’s stock valued at $4,761,000 after purchasing an additional 1,450 shares during the last quarter. Finally, First American Bank boosted its position in Republic Services by 0.6% during the third quarter. First American Bank now owns 32,946 shares of the business services provider’s stock worth $6,617,000 after purchasing an additional 189 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RSG. The Goldman Sachs Group raised their target price on shares of Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. William Blair restated an “outperform” rating on shares of Republic Services in a research report on Friday, February 14th. Argus set a $260.00 target price on Republic Services in a research report on Tuesday, February 18th. Stifel Nicolaus lifted their price target on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, 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 report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $233.41.

Republic Services Trading Up 0.8 %

Shares of RSG opened at $232.67 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. Republic Services, Inc. has a 52-week low of $180.91 and a 52-week high of $233.42. The firm has a market cap of $72.66 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 3.64 and a beta of 0.74. The business’s fifty day moving average is $213.36 and its 200-day moving average is $208.86.

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. The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same quarter in the previous year, the business posted $1.41 earnings per share. Equities analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.00%. Republic Services’s dividend payout ratio is currently 35.75%.

Insiders Place Their Bets

In other news, Director Katharine Weymouth sold 1,859 shares of the company’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 value of $400,186.93. Following the completion of the transaction, the director now owns 879 shares of the company’s stock, valued at $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % 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.

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.