Tradewinds LLC. Invests $6.70 Million in Republic Services, Inc. $RSG

Tradewinds LLC. purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 29,173 shares of the business services provider’s stock, valued at approximately $6,695,000. Republic Services makes up 1.6% of Tradewinds LLC.’s portfolio, making the stock its 16th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Republic Services by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 19,057,995 shares of the business services provider’s stock valued at $4,699,892,000 after purchasing an additional 296,719 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Republic Services by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 4,821,387 shares of the business services provider’s stock valued at $1,187,328,000 after purchasing an additional 144,003 shares in the last quarter. Norges Bank bought a new stake in shares of Republic Services during the 2nd quarter valued at approximately $690,313,000. Franklin Resources Inc. grew its stake in shares of Republic Services by 10.1% during the second quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock worth $586,854,000 after buying an additional 218,114 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Republic Services by 21.3% in the 2nd quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock worth $573,443,000 after purchasing an additional 408,885 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Republic Services

In other news, Director Katharine Weymouth bought 478 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was acquired at an average cost of $209.46 per share, with a total value of $100,121.88. Following the transaction, the director directly owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. This represents a 9.08% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Republic Services Trading Up 0.1%

NYSE RSG opened at $210.99 on Monday. The stock has a market capitalization of $65.31 billion, a P/E ratio of 31.40, a P/E/G ratio of 3.45 and a beta of 0.55. Republic Services, Inc. has a one year low of $201.42 and a one year high of $258.75. The business has a 50 day simple moving average of $212.61 and a 200 day simple moving average of $223.54. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.58.

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

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, January 2nd. Republic Services’s dividend payout ratio is 37.20%.

Analysts Set New Price Targets

RSG has been the topic of several research reports. Scotiabank reduced their price target on Republic Services from $250.00 to $246.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Raymond James Financial reissued an “outperform” rating and set a $240.00 target price on shares of Republic Services in a report on Friday, October 31st. Robert W. Baird set a $240.00 price target on shares of Republic Services in a research note on Friday, October 31st. Sanford C. Bernstein upped their price target on Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. Finally, Oppenheimer set a $256.00 price objective on Republic Services in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $249.23.

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.