Stifel Financial Corp decreased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 48.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,827 shares of the business services provider’s stock after selling 85,559 shares during the period. Stifel Financial Corp’s holdings in Republic Services were worth $6,479,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of RSG. FTB Advisors Inc. acquired a new position in Republic Services during the 4th quarter worth about $25,000. Oregon Public Employees Retirement Fund lifted its position in Republic Services by 13,200.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,319,168 shares of the business services provider’s stock worth $46,000 after buying an additional 3,294,212 shares in the last quarter. Capital Investment Advisory Services LLC acquired a new position in Republic Services during the 4th quarter worth about $67,000. Lavaca Capital LLC acquired a new position in Republic Services during the 4th quarter worth about $76,000. Finally, Lindbrook Capital LLC acquired a new position in Republic Services during the 4th quarter worth about $76,000. Institutional investors and hedge funds own 59.46% of the company’s stock.
Republic Services stock opened at $79.36 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.58 and a current ratio of 0.58. Republic Services, Inc. has a 1 year low of $64.13 and a 1 year high of $79.42. The stock has a market cap of $25.22 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.73 and a beta of 0.58.
Republic Services (NYSE:RSG) last released its earnings results on Thursday, February 7th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. Republic Services had a net margin of 10.33% and a return on equity of 12.84%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the prior year, the company posted $0.61 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. On average, analysts forecast that Republic Services, Inc. will post 3.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be paid a $0.375 dividend. The ex-dividend date is Friday, March 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.89%. Republic Services’s dividend payout ratio (DPR) is presently 48.54%.
Several research analysts recently issued reports on RSG shares. KeyCorp started coverage on shares of Republic Services in a research report on Monday, February 4th. They set a “sector weight” rating and a $77.73 price target on the stock. Zacks Investment Research upgraded shares of Republic Services from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. Goldman Sachs Group upgraded shares of Republic Services to a “hold” rating and set a $79.00 target price on the stock in a research report on Tuesday, December 4th. Finally, UBS Group downgraded shares of Republic Services from a “buy” rating to a “neutral” rating and cut their target price for the company from $83.00 to $77.00 in a research report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Republic Services has an average rating of “Hold” and a consensus target price of $76.59.
In other news, CAO Brian A. Goebel sold 3,000 shares of the company’s stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of $72.97, for a total value of $218,910.00. Following the completion of the sale, the chief accounting officer now directly owns 9,186 shares of the company’s stock, valued at approximately $670,302.42. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Brian A. Goebel sold 2,000 shares of the company’s stock in a transaction dated Thursday, January 17th. The shares were sold at an average price of $74.25, for a total value of $148,500.00. Following the completion of the sale, the chief accounting officer now directly owns 8,186 shares of the company’s stock, valued at $607,810.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,000 shares of company stock valued at $581,220. 0.30% of the stock is currently owned by company insiders.
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About Republic Services
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.
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