Allianz SE Invests $602,000 in Republic Services, Inc. (NYSE:RSG)

Allianz SE bought a new position in shares of Republic Services, Inc. (NYSE:RSG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,992 shares of the business services provider’s stock, valued at approximately $602,000.

Several other large investors have also bought and sold shares of RSG. McGlone Suttner Wealth Management Inc. increased 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 buying an additional 48 shares in the last quarter. Access Financial Services Inc. increased 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 valued at $1,243,000 after purchasing an additional 51 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Republic Services by 1.0% in the third quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider’s stock valued at $1,024,000 after acquiring an additional 52 shares during the last quarter. Tower Wealth Partners Inc. grew its position in shares of Republic Services by 3.3% during the 4th quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 54 shares during the period. Finally, Umpqua Bank grew its holdings in Republic Services by 3.2% during the fourth quarter. Umpqua Bank now owns 1,808 shares of the business services provider’s stock valued at $374,000 after purchasing an additional 56 shares during the period. 57.73% of the stock is owned by institutional investors.

Insider Transactions at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Republic Services Trading Down 0.6 %

NYSE RSG opened at $238.37 on Monday. The company has a market capitalization 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. Republic Services, Inc. has a one year low of $180.92 and a one year high of $241.09. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The company’s 50-day simple moving average is $227.72 and its two-hundred day simple moving average is $213.86.

Republic Services (NYSE:RSG) last posted its quarterly earnings data 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. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the business posted $1.41 EPS. Equities analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.97%. Republic Services’s payout ratio is 35.75%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Cibc World Mkts upgraded Republic Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Morgan Stanley upped their target price on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. The Goldman Sachs Group boosted their target price on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Argus set a $260.00 price objective on Republic Services in a research note on Tuesday, February 18th. Finally, UBS Group upped their price target on shares of Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average 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.