CHURCHILL MANAGEMENT Corp Sells 5,499 Shares of Republic Services, Inc. (RSG)

CHURCHILL MANAGEMENT Corp trimmed its stake in shares of Republic Services, Inc. (NYSE:RSG) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 382,615 shares of the business services provider’s stock after selling 5,499 shares during the quarter. Republic Services accounts for 0.6% of CHURCHILL MANAGEMENT Corp’s portfolio, making the stock its 20th largest holding. CHURCHILL MANAGEMENT Corp owned approximately 0.11% of Republic Services worth $25,869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evercore Wealth Management LLC boosted its holdings in Republic Services by 48.6% during the second quarter. Evercore Wealth Management LLC now owns 1,593 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 521 shares in the last quarter. Sun Life Financial INC raised its stake in shares of Republic Services by 20,900.0% in the second quarter. Sun Life Financial INC now owns 1,680 shares of the business services provider’s stock valued at $107,000 after acquiring an additional 1,672 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of Republic Services in the second quarter valued at approximately $191,000. Cetera Investment Advisers bought a new position in shares of Republic Services in the second quarter valued at approximately $211,000. Finally, First Allied Advisory Services Inc. bought a new position in shares of Republic Services in the second quarter valued at approximately $224,000. 59.90% of the stock is currently owned by institutional investors.

Republic Services, Inc. (RSG) traded up $0.73 during trading hours on Thursday, hitting $68.26. 744,238 shares of the stock were exchanged, compared to its average volume of 1,365,912. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.93. Republic Services, Inc. has a 52 week low of $56.65 and a 52 week high of $69.12. The company has a market capitalization of $22,700.00, a PE ratio of 28.92, a P/E/G ratio of 3.12 and a beta of 0.61.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.04. Republic Services had a net margin of 8.15% and a return on equity of 10.58%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the company posted $0.62 EPS. Republic Services’s revenue was up 6.5% on a year-over-year basis. analysts anticipate that Republic Services, Inc. will post 2.4 earnings per share for the current fiscal year.

Republic Services declared that its board has authorized a stock repurchase program on Thursday, November 2nd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Friday, December 29th. Republic Services’s dividend payout ratio (DPR) is presently 58.47%.

In related news, CAO Brian A. Goebel sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $67.88, for a total value of $135,760.00. Following the completion of the transaction, the chief accounting officer now owns 6,696 shares in the company, valued at approximately $454,524.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald W. Slager sold 32,421 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $64.00, for a total transaction of $2,074,944.00. The disclosure for this sale can be found here. Insiders sold a total of 132,553 shares of company stock valued at $8,509,797 in the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

RSG has been the subject of a number of research analyst reports. Bank of America cut their target price on shares of Republic Services from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. Credit Suisse Group cut their target price on shares of Republic Services from $69.00 to $67.00 and set a “neutral” rating for the company in a research note on Monday, November 6th. Stifel Nicolaus cut shares of Republic Services from a “buy” rating to a “hold” rating and cut their target price for the company from $76.00 to $70.00 in a research note on Wednesday, October 4th. Zacks Investment Research upgraded shares of Republic Services from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, BMO Capital Markets cut their target price on shares of Republic Services from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $68.14.

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Republic Services Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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