Strengthening Families & Communities LLC Trims Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Strengthening Families & Communities LLC decreased its holdings in Republic Services, Inc. (NYSE:RSG) by 96.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 519 shares of the business services provider’s stock after selling 15,361 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Republic Services were worth $104,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of RSG. FSA Wealth Management LLC purchased a new position in shares of Republic Services during the third quarter worth about $25,000. Wolff Wiese Magana LLC grew its stake in shares of Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 109 shares during the last quarter. Webster Bank N. A. purchased a new stake in shares of Republic Services during the third quarter worth approximately $31,000. R Squared Ltd acquired a new position in shares of Republic Services during the fourth quarter worth about $32,000. Finally, Truvestments Capital LLC purchased a new position in Republic Services in the third quarter valued at about $34,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Republic Services

In other news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction on 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 in the company, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Republic Services Stock Up 0.4 %

Republic Services stock opened at $221.92 on Tuesday. The firm has a market capitalization of $69.50 billion, a P/E ratio of 35.51, a P/E/G ratio of 3.24 and a beta of 0.74. The company has a 50-day simple moving average of $210.01 and a 200-day simple moving average of $206.36. Republic Services, Inc. has a one year low of $171.06 and a one year high of $223.43. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is 37.12%.

Analyst Upgrades and Downgrades

RSG has been the subject of several research reports. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and lifted their price target for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Morgan Stanley raised their price objective on Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Finally, Oppenheimer lifted their price target on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.38.

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.