Wilmington Savings Fund Society FSB Boosts Holdings in Republic Services, Inc. (NYSE:RSG)

Wilmington Savings Fund Society FSB boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 17.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,224 shares of the business services provider’s stock after buying an additional 921 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Republic Services were worth $1,252,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC purchased a new position in Republic Services in the third quarter valued at $25,000. Wolff Wiese Magana LLC boosted 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 buying an additional 109 shares during the period. 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 Republic Services during the 4th quarter worth approximately $32,000. Finally, Truvestments Capital LLC purchased a new stake in Republic Services during the third quarter worth approximately $34,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RSG shares. Morgan Stanley upped their target price 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. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $211.00 to $238.00 in a report on Friday, December 6th. Oppenheimer lifted their price objective on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Finally, Jefferies Financial Group increased their price objective on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $224.38.

Republic Services Stock Performance

Shares of RSG opened at $220.91 on Monday. The company has a market capitalization of $69.18 billion, a price-to-earnings ratio of 35.35, a PEG ratio of 3.24 and a beta of 0.74. 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, Inc. has a 1 year low of $171.06 and a 1 year high of $222.65. The company’s 50 day simple moving average is $210.01 and its 200 day simple moving average is $206.31.

Republic Services Dividend Announcement

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

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 dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the sale, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated 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 transaction, the director now directly owns 879 shares in the company, valued at $189,222.33. This represents 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.

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.