Kathmere Capital Management LLC Boosts Stock Position in Republic Services, Inc. (NYSE:RSG)

Kathmere Capital Management LLC grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 9.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,138 shares of the business services provider’s stock after acquiring an additional 272 shares during the period. Kathmere Capital Management LLC’s holdings in Republic Services were worth $601,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bogart Wealth LLC purchased a new stake in shares of Republic Services during the fourth quarter worth $30,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Republic Services in the fourth quarter worth $34,000. Jones Financial Companies Lllp raised its position in shares of Republic Services by 3,014.3% in the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after buying an additional 211 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in shares of Republic Services in the fourth quarter worth $37,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in shares of Republic Services in the fourth quarter worth $41,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Down 0.2 %

RSG opened at $194.34 on Friday. The company has a market cap of $61.20 billion, a P/E ratio of 34.09, a P/E/G ratio of 3.26 and a beta of 0.68. The business’s 50-day moving average price is $188.74 and its 200-day moving average price is $181.23. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 12 month low of $140.23 and a 12 month high of $196.76.

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

Republic Services Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a yield of 1.10%. Republic Services’s dividend payout ratio is presently 37.54%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RSG shares. Jefferies Financial Group increased their price objective on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Scotiabank increased their price objective on Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 1st. Morgan Stanley downgraded Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price target on the stock. in a research report on Friday, March 15th. Royal Bank of Canada began coverage on Republic Services in a research report on Monday, April 8th. They set a “sector perform” rating and a $198.00 price target on the stock. Finally, UBS Group raised their price target on Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Eight research 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $201.14.

Insider Activity at Republic Services

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

Republic Services Company 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.