Destiny Wealth Partners LLC Takes $219,000 Position in Republic Services, Inc. (NYSE:RSG)

Destiny Wealth Partners LLC bought a new position in shares of Republic Services, Inc. (NYSE:RSG) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,143 shares of the business services provider’s stock, valued at approximately $219,000.

A number of other large investors have also recently added to or reduced their stakes in RSG. Unigestion Holding SA lifted its position in Republic Services by 2,178.2% in the 4th quarter. Unigestion Holding SA now owns 127,647 shares of the business services provider’s stock worth $21,048,000 after buying an additional 122,044 shares in the last quarter. Bank of Nova Scotia lifted its position in Republic Services by 52.3% in the 4th quarter. Bank of Nova Scotia now owns 214,504 shares of the business services provider’s stock worth $35,357,000 after buying an additional 73,651 shares in the last quarter. TCW Group Inc. purchased a new stake in Republic Services in the 4th quarter worth approximately $17,903,000. Hsbc Holdings PLC lifted its position in Republic Services by 8.7% in the 4th quarter. Hsbc Holdings PLC now owns 456,726 shares of the business services provider’s stock worth $75,297,000 after buying an additional 36,484 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in Republic Services by 10.4% in the 4th quarter. Allianz Asset Management GmbH now owns 591,209 shares of the business services provider’s stock worth $97,496,000 after buying an additional 55,668 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Down 0.0 %

Shares of NYSE:RSG opened at $191.83 on Friday. Republic Services, Inc. has a 52 week low of $140.23 and a 52 week high of $196.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $60.41 billion, a PE ratio of 33.65, a PEG ratio of 3.22 and a beta of 0.68. The company has a 50 day moving average price of $188.06 and a two-hundred day moving average price of $179.78.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.10. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. Analysts forecast that Republic Services, Inc. will post 6.05 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 1.12%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s payout ratio is 37.54%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on RSG shares. Jefferies Financial Group raised their price target on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. BMO Capital Markets raised their price target on shares of Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Oppenheimer lifted their target price on shares of Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. UBS Group boosted their price target on shares of Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Republic Services in a research report on Thursday, May 23rd. They issued a “hold” rating and a $203.00 price target on the stock. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $201.14.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth bought 540 shares of Republic Services stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the acquisition, the director now owns 540 shares of the company’s stock, valued at approximately $100,040.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Katharine Weymouth purchased 540 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was purchased at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the purchase, the director now directly owns 540 shares in the company, valued at approximately $100,040.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the sale, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.