Republic Services, Inc. $RSG Position Raised by MGO One Seven LLC

MGO One Seven LLC boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 33.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,695 shares of the business services provider’s stock after buying an additional 4,731 shares during the quarter. MGO One Seven LLC’s holdings in Republic Services were worth $3,924,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Focus Financial Network Inc. raised its stake in shares of Republic Services by 2.5% in the 2nd quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock valued at $397,000 after acquiring an additional 46 shares in the last quarter. Secure Asset Management LLC grew its position in Republic Services by 3.3% in the 3rd quarter. Secure Asset Management LLC now owns 1,455 shares of the business services provider’s stock worth $305,000 after purchasing an additional 47 shares during the last quarter. AlphaCentric Advisors LLC grew its position in Republic Services by 5.9% during the first quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock worth $198,000 after buying an additional 50 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in Republic Services by 47.3% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock worth $35,000 after buying an additional 52 shares in the last quarter. Finally, Burford Brothers Inc. increased its stake in Republic Services by 2.8% during the second quarter. Burford Brothers Inc. now owns 1,944 shares of the business services provider’s stock valued at $414,000 after acquiring an additional 53 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Performance

Republic Services stock opened at $245.90 on Tuesday. The firm has a market capitalization of $75.30 billion, a P/E ratio of 34.01, a P/E/G ratio of 3.75 and a beta of 0.39. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a fifty day moving average price of $222.98 and a two-hundred day moving average price of $216.99. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $249.37.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, October 29th. The business services provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.01. The firm had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.42 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.90 earnings per share. As a group, analysts anticipate that Republic Services, Inc. will post 7.26 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, January 4th. Republic Services’s dividend payout ratio is presently 37.07%.

Analyst Ratings Changes

Several research firms have commented on RSG. Oppenheimer reaffirmed an “outperform” rating on shares of Republic Services in a report on Friday. Sanford C. Bernstein lifted their price objective on Republic Services from $220.00 to $227.00 and gave the stock a “market perform” rating in a report on Monday, August 10th. Scotiabank restated a “sector perform” rating and set a $236.00 price objective on shares of Republic Services in a research report on Thursday, October 15th. Citigroup upped their target price on Republic Services from $259.00 to $281.00 and gave the company a “buy” rating in a research note on Monday. Finally, The Goldman Sachs Group reduced their target price on Republic Services from $256.00 to $246.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Twelve investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target of $249.32.

Insider Buying and Selling at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 324,810 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was acquired at an average cost of $222.89 per share, with a total value of $72,396,900.90. Following the completion of the acquisition, the insider directly owned 117,058,444 shares of the company’s stock, valued at $26,091,156,583.16. This represents a 0.28% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 6,254,462 shares of company stock valued at $1,380,321,958 in the last three months. Company insiders own 0.12% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.