Moran Wealth Management LLC Purchases 647 Shares of Republic Services, Inc. (NYSE:RSG)

Moran Wealth Management LLC lifted its position in Republic Services, Inc. (NYSE:RSG) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 87,248 shares of the business services provider’s stock after buying an additional 647 shares during the period. Moran Wealth Management LLC’s holdings in Republic Services were worth $17,553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new stake in Republic Services during the 3rd quarter valued at $25,000. Arcadia Investment Management Corp MI boosted its position in shares of Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after buying an additional 88 shares during the last quarter. R Squared Ltd bought a new stake in Republic Services in the 4th quarter worth about $32,000. Truvestments Capital LLC bought a new position in Republic Services during the 3rd quarter valued at about $34,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Republic Services during the 3rd quarter valued at about $39,000. Institutional investors own 57.73% of the company’s stock.

Insider Activity at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the 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 completion of the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by corporate insiders.

Republic Services Stock Up 1.2 %

NYSE RSG opened at $234.28 on Monday. Republic Services, Inc. has a 12 month low of $180.91 and a 12 month high of $240.95. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The stock has a market cap of $73.16 billion, a PE ratio of 36.10, a P/E/G ratio of 3.64 and a beta of 0.73. The stock’s 50 day moving average is $218.91 and its 200 day moving average is $210.88.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same quarter in the prior year, the business earned $1.41 earnings per share. Research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 dividend yield of 0.99%. Republic Services’s dividend payout ratio is currently 35.75%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. CIBC upgraded Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price objective for the company in a research report on Tuesday, March 4th. Stifel Nicolaus increased their target price on Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Argus set a $260.00 price target on Republic Services in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group increased their price objective 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. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $236.88.

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.