EverSource Wealth Advisors LLC Has $1.02 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

EverSource Wealth Advisors LLC lowered its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,339 shares of the business services provider’s stock after selling 62 shares during the period. EverSource Wealth Advisors LLC’s holdings in Republic Services were worth $1,024,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in RSG. YHB Investment Advisors Inc. bought a new position in shares of Republic Services in the first quarter valued at approximately $29,000. EntryPoint Capital LLC purchased a new position in Republic Services in the first quarter worth $29,000. Bogart Wealth LLC purchased a new position in Republic Services in the fourth quarter worth $30,000. Turtle Creek Wealth Advisors LLC purchased a new position in Republic Services in the fourth quarter worth $34,000. Finally, Jones Financial Companies Lllp boosted its position in Republic Services by 3,014.3% in the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after purchasing an additional 211 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insiders Place Their Bets

In other news, Director Katharine Weymouth bought 540 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the transaction, the director now owns 540 shares in the company, valued at $100,040.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the transaction, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Katharine Weymouth bought 540 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the purchase, the director now owns 540 shares in the company, valued at approximately $100,040.40. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.

Republic Services Stock Performance

NYSE RSG traded up $2.46 during trading on Friday, reaching $200.00. The company’s stock had a trading volume of 1,634,452 shares, compared to its average volume of 1,325,030. Republic Services, Inc. has a twelve month low of $140.23 and a twelve month high of $206.54. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The business’s fifty day moving average price is $193.12 and its 200-day moving average price is $187.06. The firm has a market cap of $62.81 billion, a price-to-earnings ratio of 35.09, a P/E/G ratio of 3.18 and a beta of 0.69.

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.16%. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, October 2nd. Republic Services’s payout ratio is 37.54%.

Wall Street Analyst Weigh In

Several analysts have issued reports on RSG shares. The Goldman Sachs Group boosted their target price on Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Scotiabank increased their target price on Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft started coverage on Republic Services in a report on Thursday, May 23rd. They issued a “hold” rating and a $203.00 price objective for the company. UBS Group increased their target price on Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, Robert W. Baird raised their price objective on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $211.69.

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.