Cerebellum GP LLC increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 39.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,559 shares of the business services provider’s stock after buying an additional 1,001 shares during the quarter. Cerebellum GP LLC’s holdings in Republic Services were worth $257,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of RSG. IMS Capital Management acquired a new stake in Republic Services during the 3rd quarter valued at $80,000. First Hawaiian Bank acquired a new stake in Republic Services during the 3rd quarter valued at $119,000. Qube Research & Technologies Ltd increased its holdings in Republic Services by 57.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,936 shares of the business services provider’s stock valued at $132,000 after purchasing an additional 704 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in Republic Services by 16.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,933 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 271 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in Republic Services by 100.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,591 shares of the business services provider’s stock valued at $188,000 after purchasing an additional 1,301 shares in the last quarter. Institutional investors and hedge funds own 59.23% of the company’s stock.
NYSE RSG opened at $74.65 on Friday. The firm has a market capitalization of $23.99 billion, a PE ratio of 30.72, a PEG ratio of 2.11 and a beta of 0.61. Republic Services, Inc. has a 52 week low of $60.26 and a 52 week high of $78.54. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.95.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 2.01%. Republic Services’s dividend payout ratio (DPR) is currently 61.73%.
In other news, Director Jennifer M. Kirk bought 1,500 shares of the stock in a transaction dated Wednesday, October 31st. The stock was bought at an average cost of $72.35 per share, with a total value of $108,525.00. Following the purchase, the director now owns 1,500 shares of the company’s stock, valued at $108,525. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Brian A. Goebel sold 3,000 shares of Republic Services stock in a transaction on Thursday, January 10th. The shares were sold at an average price of $72.97, for a total value of $218,910.00. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.
A number of equities research analysts recently weighed in on the company. Goldman Sachs Group raised Republic Services to a “hold” rating and set a $79.00 price target for the company in a report on Tuesday, December 4th. UBS Group cut Republic Services from a “buy” rating to a “neutral” rating and dropped their price target for the company from $83.00 to $77.00 in a report on Thursday. Zacks Investment Research raised Republic Services from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Thursday, December 20th. Bank of America cut Republic Services from a “buy” rating to a “neutral” rating and set a $74.00 price target for the company. in a report on Wednesday, October 24th. Finally, BMO Capital Markets dropped their price target on Republic Services from $79.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 26th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Republic Services presently has an average rating of “Hold” and an average target price of $74.88.
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Republic Services Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations; supply of waste containers; and renting of compactors.
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