First Financial Corp IN Sells 246 Shares of Republic Services, Inc. (NYSE:RSG)

First Financial Corp IN decreased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 8.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,612 shares of the business services provider’s stock after selling 246 shares during the quarter. First Financial Corp IN’s holdings in Republic Services were worth $500,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new stake in Republic Services in the fourth quarter worth about $30,000. Turtle Creek Wealth Advisors LLC purchased a new position in Republic Services during the fourth quarter valued at approximately $34,000. Jones Financial Companies Lllp raised its stake 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 buying an additional 211 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in Republic Services during the fourth quarter worth $37,000. Finally, Asset Dedication LLC increased its holdings in shares of Republic Services by 48.1% in the 3rd quarter. Asset Dedication LLC now owns 277 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 90 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Republic Services

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

Republic Services Stock Performance

Shares of NYSE:RSG traded down $0.47 during midday trading on Wednesday, reaching $194.03. The company’s stock had a trading volume of 444,884 shares, compared to its average volume of 1,165,626. The firm has a market capitalization of $61.11 billion, a PE ratio of 33.99, a P/E/G ratio of 3.27 and a beta of 0.68. The stock has a fifty day moving average of $188.43 and a 200 day moving average of $180.70. Republic Services, Inc. has a twelve month low of $140.23 and a twelve month high of $196.76. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.10. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 EPS. On average, equities analysts expect that Republic Services, Inc. will post 6.05 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s dividend payout ratio is currently 37.54%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RSG. Morgan Stanley downgraded Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective on the stock. in a research report on Friday, March 15th. Oppenheimer raised their target price on shares of Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Republic Services in a research report on Thursday, May 23rd. They set a “hold” rating and a $203.00 price target on the stock. The Goldman Sachs Group raised their price objective on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, BMO Capital Markets increased their price target on Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $201.14.

About Republic Services

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.