Wingate Wealth Advisors Inc. Purchases Shares of 400 Republic Services, Inc. (NYSE:RSG)

Wingate Wealth Advisors Inc. acquired a new stake in Republic Services, Inc. (NYSE:RSG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 400 shares of the business services provider’s stock, valued at approximately $80,000.

Several other large investors have also recently made changes to their positions in the company. FSA Wealth Management LLC acquired a new position in Republic Services during the 3rd quarter worth about $25,000. Wolff Wiese Magana LLC increased its holdings in shares of Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 109 shares during the last quarter. Webster Bank N. A. purchased a new position in Republic Services during the 3rd quarter worth approximately $31,000. R Squared Ltd purchased a new position in Republic Services during the 4th quarter worth approximately $32,000. Finally, Truvestments Capital LLC acquired a new stake in Republic Services during the 3rd quarter worth approximately $34,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Republic Services news, 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 value of $400,186.93. Following the transaction, the director now directly owns 879 shares in the company, valued at $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RSG shares. CIBC lifted their price objective on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Jefferies Financial Group raised their price target on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Finally, Oppenheimer raised their price target on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and an average target price of $224.38.

Republic Services Stock Up 0.4 %

Republic Services stock opened at $221.92 on Tuesday. The company has a market capitalization of $69.50 billion, a P/E ratio of 35.51, a P/E/G ratio of 3.24 and a beta of 0.74. Republic Services, Inc. has a 1-year low of $171.06 and a 1-year high of $223.43. 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’s fifty day simple moving average is $210.01 and its 200-day simple moving average is $206.36.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.05%. Republic Services’s dividend payout ratio (DPR) is currently 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.