Republic Services, Inc. (NYSE:RSG) Shares Acquired by InterOcean Capital Group LLC

InterOcean Capital Group LLC lifted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 8.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,403 shares of the business services provider’s stock after buying an additional 278 shares during the quarter. InterOcean Capital Group LLC’s holdings in Republic Services were worth $652,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RSG. YHB Investment Advisors Inc. purchased a new stake in Republic Services in the 1st quarter valued at $29,000. Bogart Wealth LLC purchased a new position in Republic Services during the 4th quarter valued at about $30,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Republic Services during the 4th quarter worth about $34,000. Jones Financial Companies Lllp raised its position in shares of Republic Services by 3,014.3% during the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after acquiring an additional 211 shares in the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in shares of Republic Services during the 4th quarter worth about $37,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Republic Services

In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the sale, 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 document filed with the SEC, which is available through this hyperlink. In other news, Director Katharine Weymouth purchased 540 shares of the stock in a transaction on Tuesday, June 4th. The stock was purchased at an average price of $185.26 per share, with a total value 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Amanda Hodges sold 6,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Republic Services Price Performance

Shares of NYSE RSG traded down $10.33 during trading on Thursday, reaching $189.34. The company had a trading volume of 2,370,302 shares, compared to its average volume of 1,208,292. The stock has a market capitalization of $59.63 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 3.37 and a beta of 0.69. The stock has a 50-day moving average price of $192.17 and a two-hundred day moving average price of $185.65. Republic Services, Inc. has a twelve month low of $140.23 and a twelve month high of $206.54. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.35 by $0.10. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 earnings per share. As a group, sell-side analysts predict that Republic Services, Inc. will post 6.05 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be paid a $0.58 dividend. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a yield of 1.23%. The ex-dividend date is Wednesday, October 2nd. Republic Services’s dividend payout ratio is presently 37.54%.

Analyst Ratings Changes

Several brokerages have recently weighed in on RSG. Stifel Nicolaus raised their target price on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft began coverage on Republic Services in a research note on Thursday, May 23rd. They issued a “hold” rating and a $203.00 target price on the stock. BMO Capital Markets lifted their price target on Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Thursday. UBS Group lifted their price target on Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada lifted their price objective on Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a report on Thursday. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $211.69.

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.