Capital Financial Group Inc. Co. ADV Purchases Shares of 6,345 Republic Services, Inc. $RSG

Capital Financial Group Inc. Co. ADV purchased a new stake in Republic Services, Inc. (NYSE:RSG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,345 shares of the business services provider’s stock, valued at approximately $1,345,000.

Several other large investors have also recently bought and sold shares of RSG. Norges Bank acquired a new position in shares of Republic Services during the 4th quarter worth approximately $617,165,000. Capital World Investors grew its position in shares of Republic Services by 27.7% during the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after purchasing an additional 1,899,183 shares in the last quarter. Morgan Stanley grew its position in shares of Republic Services by 38.6% during the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock worth $1,133,509,000 after purchasing an additional 1,490,719 shares in the last quarter. Alyeska Investment Group L.P. grew its position in shares of Republic Services by 118.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,011,541 shares of the business services provider’s stock worth $214,376,000 after purchasing an additional 548,926 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Republic Services by 1,337.9% during the 4th quarter. SG Americas Securities LLC now owns 575,637 shares of the business services provider’s stock worth $121,995,000 after purchasing an additional 535,603 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RSG has been the topic of a number of analyst reports. Royal Bank Of Canada increased their target price on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings lowered shares of Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Citigroup reduced their price target on shares of Republic Services from $253.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company increased their price target on shares of Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $243.26.

Republic Services Stock Performance

Shares of Republic Services stock opened at $207.96 on Tuesday. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $252.45. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $63.98 billion, a P/E ratio of 29.84, a P/E/G ratio of 3.45 and a beta of 0.41. The company’s 50 day moving average price is $208.53 and its two-hundred day moving average price is $214.45.

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

Republic Services Dividend Announcement

The firm also recently declared 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 payout ratio is 36.15%.

Insiders Place Their Bets

In other news, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total transaction of $380,304.00. Following the transaction, the director owned 58 shares in the company, valued at approximately $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Cascade Investment, L.L.C. purchased 366,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $202.24 per share, for a total transaction of $74,019,840.00. Following the acquisition, the insider owned 110,315,982 shares of the company’s stock, valued at $22,310,304,199.68. This trade represents a 0.33% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 987,150 shares of company stock worth $202,366,682. 0.12% of the stock is owned by company insiders.

Republic Services Company 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.