Republic Services, Inc. (NYSE:RSG) Stake Boosted by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC grew its position in Republic Services, Inc. (NYSE:RSG) by 47.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,416 shares of the business services provider’s stock after buying an additional 775 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Republic Services were worth $486,000 at the end of the most recent quarter.

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

Republic Services Stock Performance

Shares of RSG opened at $213.85 on Monday. The company has a market capitalization of $66.97 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 2.98 and a beta of 0.73. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a one year low of $165.99 and a one year high of $220.58. The company’s fifty day moving average price is $209.27 and its 200 day moving average price is $204.52.

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

Republic Services Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.12%.

Wall Street Analyst Weigh In

Several analysts recently commented on RSG shares. William Blair started coverage on shares of Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating for the company. Morgan Stanley boosted their price target on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. CIBC increased their price objective on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and lifted their price target for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $221.12.

Insider Activity at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the sale, the chief financial officer now owns 6,318 shares of the company’s stock, valued at $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the transaction, the director now directly owns 879 shares of the company’s stock, valued at $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. Corporate insiders own 0.09% of the company’s stock.

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.