Mission Wealth Management LP Buys 331 Shares of Republic Services, Inc. (NYSE:RSG)

Mission Wealth Management LP lifted its position in Republic Services, Inc. (NYSE:RSG) by 20.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,944 shares of the business services provider’s stock after purchasing an additional 331 shares during the period. Mission Wealth Management LP’s holdings in Republic Services were worth $321,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in RSG. FinTrust Capital Advisors LLC raised its holdings in shares of Republic Services by 56.3% during the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 71 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Republic Services in the fourth quarter worth $34,000. Millburn Ridgefield Corp bought a new stake in shares of Republic Services during the 3rd quarter valued at $36,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Republic Services in the 3rd quarter worth about $36,000. Finally, BKM Wealth Management LLC bought a new position in shares of Republic Services in the 4th quarter worth about $37,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the completion of the sale, the chief executive officer now directly owns 85,113 shares in the company, valued at $15,669,303.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Republic Services Price Performance

Shares of Republic Services stock opened at $185.51 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.53 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 52 week low of $140.07 and a 52 week high of $196.76. The stock’s 50-day simple moving average is $188.01 and its 200-day simple moving average is $171.68. The company has a market capitalization of $58.42 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 3.25 and a beta of 0.67.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $1.24 EPS. As a group, analysts expect that Republic Services, Inc. will post 6.02 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be issued a $0.535 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.15%. Republic Services’s dividend payout ratio (DPR) is presently 37.54%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group raised their target price on shares of Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Jefferies Financial Group boosted their price objective on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. Wells Fargo & Company increased their target price on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Scotiabank increased their price objective on shares of Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, BMO Capital Markets boosted their price objective on shares of Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $201.00.

Republic Services Company Profile

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.