MGO One Seven LLC Increases Stock Holdings in Republic Services, Inc. $RSG

MGO One Seven LLC grew its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 36.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,805 shares of the business services provider’s stock after purchasing an additional 5,011 shares during the period. MGO One Seven LLC’s holdings in Republic Services were worth $4,315,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Financial Consulate Inc. acquired a new stake in Republic Services during the 3rd quarter worth approximately $25,000. Cranbrook Wealth Management LLC increased its position in shares of Republic Services by 1,222.2% during the second quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock worth $29,000 after acquiring an additional 110 shares during the period. NewSquare Capital LLC boosted its holdings in Republic Services by 68.5% in the second quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 50 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Republic Services during the second quarter worth about $33,000. Finally, Atticus Wealth Management LLC purchased a new stake in shares of Republic Services during the second quarter worth approximately $39,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Down 0.7%

Shares of RSG stock opened at $210.76 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $212.25 and its two-hundred day moving average is $224.47. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75. The company has a market capitalization of $65.24 billion, a P/E ratio of 31.36, a price-to-earnings-growth ratio of 3.47 and a beta of 0.55.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.12. The company had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. Republic Services’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.81 EPS. Equities analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, January 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.20%.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth acquired 478 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average price of $209.46 per share, with a total value of $100,121.88. Following the completion of the acquisition, the director directly owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. The trade was a 9.08% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RSG. Bank of America decreased their price target on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Citigroup decreased their price objective on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Sanford C. Bernstein increased their target price on Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a report on Monday, January 5th. Wells Fargo & Company started coverage on Republic Services in a report on Thursday, November 13th. They set an “overweight” rating and a $238.00 price target for the company. Finally, Barclays began coverage on Republic Services in a report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.41.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.