Anchor Investment Management LLC Has $8.49 Million Stock Holdings in Republic Services, Inc. $RSG

Anchor Investment Management LLC boosted its stake in Republic Services, Inc. (NYSE:RSG) by 7.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 40,040 shares of the business services provider’s stock after acquiring an additional 2,894 shares during the quarter. Republic Services makes up about 0.7% of Anchor Investment Management LLC’s investment portfolio, making the stock its 29th biggest position. Anchor Investment Management LLC’s holdings in Republic Services were worth $8,486,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. CBIZ Investment Advisory Services LLC grew its holdings in shares of Republic Services by 11.3% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock worth $94,000 after purchasing an additional 45 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Republic Services by 0.5% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock worth $2,216,000 after purchasing an additional 48 shares during the period. Williams Jones Wealth Management LLC. grew its stake in shares of Republic Services by 2.6% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock worth $408,000 after purchasing an additional 49 shares during the last quarter. ICONIQ Capital LLC increased its holdings in Republic Services by 3.3% in the second quarter. ICONIQ Capital LLC now owns 1,558 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 50 shares during the period. Finally, Composition Wealth LLC increased its holdings in Republic Services by 1.4% in the fourth quarter. Composition Wealth LLC now owns 3,793 shares of the business services provider’s stock valued at $804,000 after purchasing an additional 52 shares during the period. Institutional investors own 57.73% of the company’s stock.

Insider Activity

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 60,700 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average price of $213.31 per share, for a total transaction of $12,947,917.00. Following the acquisition, the insider directly owned 110,803,982 shares of the company’s stock, valued at approximately $23,635,597,400.42. The trade was a 0.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the transaction, the director owned 58 shares of the company’s stock, valued at $12,254.24. This trade represents a 96.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have bought 987,150 shares of company stock valued at $202,366,682. 0.12% of the stock is currently owned by insiders.

Republic Services Stock Down 1.2%

RSG stock opened at $204.87 on Friday. The stock’s 50 day simple moving average is $207.69 and its 200 day simple moving average is $214.24. The company has a market cap of $63.03 billion, a P/E ratio of 29.39, a price-to-earnings-growth ratio of 3.41 and a beta of 0.41. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.67 and a current ratio of 0.67. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $251.17.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Friday, May 8th. The business services provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter last year, the firm posted $1.58 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, research analysts expect that Republic Services, Inc. will post 7.28 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, July 2nd. Republic Services’s dividend payout ratio (DPR) is currently 36.15%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Republic Services from $238.00 to $252.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. Wolfe Research initiated coverage on Republic Services in a research note on Friday, March 13th. They issued a “peer perform” rating on the stock. Citigroup dropped their target price on shares of Republic Services from $253.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Royal Bank Of Canada upped their price target on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Barclays boosted their price objective on Republic Services from $227.00 to $233.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.26.

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.