City Holding Co. Acquires 701 Shares of Republic Services, Inc. (NYSE:RSG)

City Holding Co. grew its holdings in Republic Services, Inc. (NYSE:RSG) by 4.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,997 shares of the business services provider’s stock after buying an additional 701 shares during the period. City Holding Co.’s holdings in Republic Services were worth $3,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. FSA Wealth Management LLC bought a new position in Republic Services during the third quarter valued at $25,000. Wolff Wiese Magana LLC lifted its stake in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the last quarter. Webster Bank N. A. purchased a new position in shares of Republic Services during the third quarter valued at approximately $31,000. Truvestments Capital LLC bought a new stake in shares of Republic Services during the 3rd quarter worth approximately $34,000. Finally, Itau Unibanco Holding S.A. bought a new position in Republic Services in the 2nd quarter valued at $36,000. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of recent analyst reports. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $211.00 to $238.00 in a research note on Friday, December 6th. Scotiabank initiated coverage on shares of Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price on the stock. William Blair assumed coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and upped their target price for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Finally, Oppenheimer lifted their price objective on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $221.12.

Republic Services Stock Up 0.9 %

Shares of RSG stock opened at $213.85 on Monday. Republic Services, Inc. has a fifty-two week low of $165.99 and a fifty-two week high of $220.58. The stock’s 50-day simple moving average is $209.27 and its 200-day simple moving average is $204.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market capitalization of $66.97 billion, a PE ratio of 34.22, a P/E/G ratio of 2.98 and a beta of 0.73.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the business earned $1.54 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts expect that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.08%. The ex-dividend date was Thursday, January 2nd. Republic Services’s dividend payout ratio is currently 37.12%.

Insiders Place Their Bets

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the transaction, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

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.