Republic Services, Inc. $RSG Stake Lessened by Railway Pension Investments Ltd

Railway Pension Investments Ltd trimmed its stake in shares of Republic Services, Inc. (NYSE:RSG) by 61.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,921 shares of the business services provider’s stock after selling 111,800 shares during the quarter. Railway Pension Investments Ltd’s holdings in Republic Services were worth $16,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of RSG. Financial Consulate Inc. bought a new stake in Republic Services in the third quarter valued at about $25,000. Cranbrook Wealth Management LLC lifted its stake in Republic Services by 1,222.2% during the second quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock worth $29,000 after purchasing an additional 110 shares during the last quarter. NewSquare Capital LLC increased its stake in Republic Services by 68.5% during the second quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 50 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Republic Services during the second quarter worth $33,000. Finally, Atticus Wealth Management LLC acquired a new position in shares of Republic Services in the 2nd quarter valued at about $39,000. Institutional investors own 57.73% of the company’s stock.

Insider Activity at Republic Services

In other news, Director Katharine Weymouth bought 478 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average price of $209.46 per share, with a total value of $100,121.88. Following the completion of the acquisition, the director directly owned 5,740 shares in the company, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by corporate insiders.

Analyst Ratings Changes

RSG has been the topic of a number of recent research reports. Wells Fargo & Company initiated coverage on shares of Republic Services in a report on Thursday, November 13th. They issued an “overweight” rating and a $238.00 target price on the stock. Stifel Nicolaus dropped their price target on Republic Services from $257.00 to $251.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. UBS Group reduced their price objective on Republic Services from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday, October 16th. JPMorgan Chase & Co. dropped their target price on Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Robert W. Baird set a $240.00 price target on shares of Republic Services in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $250.64.

Republic Services Stock Down 0.9%

RSG opened at $210.12 on Monday. The stock’s 50 day moving average price is $212.36 and its 200 day moving average price is $226.01. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market cap of $65.05 billion, a P/E ratio of 31.27, a P/E/G ratio of 3.43 and a beta of 0.55. Republic Services, Inc. has a 12 month low of $199.43 and a 12 month high of $258.75.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.12. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same period last year, the company earned $1.81 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, January 2nd. Republic Services’s dividend payout ratio is currently 37.20%.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.