Republic Services, Inc. $RSG Shares Acquired by Aberdeen Group plc

Aberdeen Group plc increased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 8.7% during the third quarter, HoldingsChannel reports. The fund owned 132,888 shares of the business services provider’s stock after buying an additional 10,589 shares during the period. Aberdeen Group plc’s holdings in Republic Services were worth $30,613,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RSG. Bowen Hanes & Co. Inc. lifted its position in Republic Services by 7.3% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock worth $62,772,000 after acquiring an additional 17,280 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Republic Services by 32.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock valued at $5,326,000 after purchasing an additional 5,740 shares during the period. Farther Finance Advisors LLC grew its holdings in Republic Services by 60.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock valued at $2,906,000 after purchasing an additional 4,750 shares in the last quarter. National Pension Service increased its stake in Republic Services by 1.2% during the 3rd quarter. National Pension Service now owns 758,644 shares of the business services provider’s stock worth $174,094,000 after buying an additional 9,041 shares during the period. Finally, Valley National Advisers Inc. boosted its position in Republic Services by 148,250.0% in the 3rd quarter. Valley National Advisers Inc. now owns 8,901 shares of the business services provider’s stock valued at $2,042,000 after buying an additional 8,895 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. The Goldman Sachs Group started coverage on Republic Services in a research report on Monday, November 24th. They set a “buy” rating and a $255.00 target price on the stock. Sanford C. Bernstein upped their target price on Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. Stifel Nicolaus decreased their price target on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a research report on Friday, October 31st. UBS Group set a $220.00 price objective on Republic Services in a report on Monday, January 5th. Finally, Raymond James Financial reissued an “outperform” rating and set a $240.00 target price on shares of Republic Services in a report on Friday, October 31st. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $248.82.

Insider Buying and Selling at Republic Services

In other news, Director Katharine Weymouth acquired 478 shares of Republic Services stock in a transaction dated Tuesday, December 9th. The stock was acquired at an average cost of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the purchase, the director owned 5,740 shares of the company’s stock, valued at $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company’s stock.

Republic Services Trading Up 0.9%

Shares of NYSE RSG opened at $222.92 on Tuesday. The firm has a market capitalization of $69.01 billion, a PE ratio of 33.17, a PEG ratio of 3.64 and a beta of 0.54. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The business has a 50-day moving average price of $214.59 and a two-hundred day moving average price of $220.17. Republic Services, Inc. has a one year low of $201.42 and a one year high of $258.75.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Republic Services’s dividend payout ratio is presently 37.20%.

About Republic Services

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.