Successful Portfolios LLC Sells 111 Shares of Republic Services, Inc. (NYSE:RSG)

Successful Portfolios LLC lowered its position in shares of Republic Services, Inc. (NYSE:RSG) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,295 shares of the business services provider’s stock after selling 111 shares during the period. Successful Portfolios LLC’s holdings in Republic Services were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. raised its stake in Republic Services by 19.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 357 shares of the business services provider’s stock valued at $59,000 after buying an additional 59 shares during the last quarter. Scotia Capital Inc. increased its stake in shares of Republic Services by 2.4% in the 4th quarter. Scotia Capital Inc. now owns 2,708 shares of the business services provider’s stock worth $447,000 after purchasing an additional 64 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Republic Services by 0.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,150 shares of the business services provider’s stock valued at $4,147,000 after purchasing an additional 66 shares during the period. Parcion Private Wealth LLC increased its position in Republic Services by 0.3% in the fourth quarter. Parcion Private Wealth LLC now owns 23,808 shares of the business services provider’s stock worth $3,926,000 after buying an additional 68 shares in the last quarter. Finally, WASHINGTON TRUST Co lifted its position in shares of Republic Services by 4.5% during the 4th quarter. WASHINGTON TRUST Co now owns 1,620 shares of the business services provider’s stock valued at $267,000 after buying an additional 70 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Republic Services

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

Analyst Ratings Changes

RSG has been the topic of several analyst reports. Jefferies Financial Group lifted 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. Oppenheimer raised their price target on Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Scotiabank upped their price objective on Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 1st. UBS Group lifted their target price on Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Republic Services in a research note on Thursday, May 23rd. They issued a “hold” rating and a $203.00 price target for the company. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.14.

Republic Services Stock Down 0.2 %

Shares of NYSE RSG opened at $194.34 on Monday. The stock has a market capitalization of $61.20 billion, a price-to-earnings ratio of 34.09, a P/E/G ratio of 3.26 and a beta of 0.69. Republic Services, Inc. has a 12-month low of $140.23 and a 12-month high of $196.76. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. The firm’s 50-day moving average price is $188.74 and its 200-day moving average price is $181.33.

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

Republic Services Dividend Announcement

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 paid a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s dividend payout ratio is currently 37.54%.

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.