Elo Mutual Pension Insurance Co Acquires 2,025 Shares of Republic Services, Inc. (NYSE:RSG)

Elo Mutual Pension Insurance Co boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,485 shares of the business services provider’s stock after buying an additional 2,025 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Republic Services were worth $4,322,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cerity Partners LLC increased its stake in shares of Republic Services by 60.1% in the 3rd quarter. Cerity Partners LLC now owns 32,219 shares of the business services provider’s stock worth $6,471,000 after purchasing an additional 12,100 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Republic Services in the third quarter worth about $34,000. D.A. Davidson & CO. increased its position in Republic Services by 1.0% in the third quarter. D.A. Davidson & CO. now owns 12,697 shares of the business services provider’s stock worth $2,550,000 after buying an additional 129 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Republic Services by 25.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 421,562 shares of the business services provider’s stock valued at $84,667,000 after buying an additional 86,500 shares in the last quarter. Finally, Townsquare Capital LLC grew its stake in shares of Republic Services by 3.5% during the 3rd quarter. Townsquare Capital LLC now owns 56,408 shares of the business services provider’s stock valued at $11,329,000 after acquiring an additional 1,920 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Price Performance

RSG stock opened at $239.98 on Friday. The company has a fifty day simple moving average of $227.23 and a two-hundred day simple moving average of $213.52. Republic Services, Inc. has a 52 week low of $180.92 and a 52 week high of $241.09. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $74.94 billion, a P/E ratio of 36.98, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73.

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

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued 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 yield of 0.97%. Republic Services’s payout ratio is presently 35.75%.

Insiders Place Their Bets

In other news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on RSG shares. Cibc World Mkts raised shares of Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. The Goldman Sachs Group lifted their target price on shares of Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. CIBC raised Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price target on the stock in a report on Tuesday, March 4th. Argus set a $260.00 price objective on Republic Services in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus lifted their target price on Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.88.

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.