State of Alaska Department of Revenue Purchases 100 Shares of Republic Services, Inc. (NYSE:RSG)

State of Alaska Department of Revenue grew its position in shares of Republic Services, Inc. (NYSE:RSG) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,190 shares of the business services provider’s stock after buying an additional 100 shares during the quarter. State of Alaska Department of Revenue’s holdings in Republic Services were worth $4,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of RSG. Bogart Wealth LLC bought a new position in shares of Republic Services during the 4th quarter valued at $30,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Republic Services during the 4th quarter valued at $34,000. Jones Financial Companies Lllp lifted its holdings in shares of Republic Services by 3,014.3% during the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after buying an additional 211 shares during the period. BKM Wealth Management LLC bought a new position in shares of Republic Services during the 4th quarter valued at $37,000. Finally, Bruce G. Allen Investments LLC bought a new position in Republic Services in the 4th quarter worth $41,000. 57.73% of the stock is owned by institutional investors.

Republic Services Trading Up 0.2 %

Shares of Republic Services stock opened at $193.54 on Friday. The firm has a market cap of $60.95 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 3.25 and a beta of 0.69. The business has a 50-day moving average price of $188.84 and a 200-day moving average price of $181.84. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a twelve month low of $140.23 and a twelve month high of $196.76.

Republic Services (NYSE:RSG) last issued 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. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 earnings per share. Equities research analysts anticipate that Republic Services, Inc. will post 6.05 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be given a $0.535 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a yield of 1.11%. Republic Services’s dividend payout ratio is currently 37.54%.

Analyst Ratings Changes

A number of brokerages recently commented on RSG. Scotiabank raised their target price on Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 1st. UBS Group raised their target price on Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Morgan Stanley cut Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price on the stock. in a report on Friday, March 15th. The Goldman Sachs Group raised their target price on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Jefferies Financial Group raised their price target on Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $201.14.

Insider Buying and Selling

In related news, Director Katharine Weymouth purchased 540 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average price 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 approximately $100,040.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Katharine Weymouth acquired 540 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was purchased at an average cost of $185.26 per share, with a total value of $100,040.40. Following the purchase, the director now 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 currently owned by company insiders.

About Republic Services

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.