Intrust Bank NA Has $1.91 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Intrust Bank NA increased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,508 shares of the business services provider’s stock after acquiring an additional 211 shares during the period. Intrust Bank NA’s holdings in Republic Services were worth $1,913,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. McGlone Suttner Wealth Management Inc. grew its position in Republic Services by 2.2% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock valued at $445,000 after purchasing an additional 48 shares during the period. Access Financial Services Inc. lifted its position in shares of Republic Services by 0.8% during the 4th quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock worth $1,243,000 after buying an additional 51 shares in the last quarter. Hantz Financial Services Inc. grew its stake in Republic Services by 1.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider’s stock valued at $1,024,000 after purchasing an additional 52 shares during the period. Tower Wealth Partners Inc. raised its position in Republic Services by 3.3% in the fourth quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider’s stock worth $341,000 after acquiring an additional 54 shares during the period. Finally, Umpqua Bank increased its position in Republic Services by 3.2% in the fourth quarter. Umpqua Bank now owns 1,808 shares of the business services provider’s stock worth $374,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Buying and Selling at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. This represents a 37.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Trading Down 0.6 %

RSG opened at $238.37 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The firm has a market cap of $74.44 billion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. The business’s 50 day moving average is $227.72 and its two-hundred day moving average is $213.75. Republic Services, Inc. has a 52 week low of $180.92 and a 52 week high of $241.09.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same period in the previous year, the firm earned $1.41 EPS. On average, research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

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 given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is currently 35.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group raised their price objective on shares of Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. CIBC raised shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price target on the stock in a research note on Tuesday, March 4th. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Argus set a $260.00 target price on Republic Services in a research note on Tuesday, February 18th. Finally, Cibc World Mkts upgraded Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.88.

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.