9258 Wealth Management LLC Purchases New Shares in Republic Services, Inc. (NYSE:RSG)

9258 Wealth Management LLC purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,069 shares of the business services provider’s stock, valued at approximately $205,000.

Other large investors also recently made changes to their positions in the company. Comerica Bank raised its position in Republic Services by 161.1% in the third quarter. Comerica Bank now owns 100,240 shares of the business services provider’s stock worth $14,285,000 after acquiring an additional 61,848 shares during the period. Graham Capital Management L.P. raised its position in Republic Services by 1,650.9% in the third quarter. Graham Capital Management L.P. now owns 87,545 shares of the business services provider’s stock worth $12,476,000 after acquiring an additional 82,545 shares during the period. Public Sector Pension Investment Board increased its stake in shares of Republic Services by 12.2% in the third quarter. Public Sector Pension Investment Board now owns 22,086 shares of the business services provider’s stock worth $3,147,000 after purchasing an additional 2,400 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Republic Services by 1.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 30,409 shares of the business services provider’s stock worth $4,350,000 after purchasing an additional 483 shares in the last quarter. Finally, Tucker Asset Management LLC increased its stake in shares of Republic Services by 57.7% in the third quarter. Tucker Asset Management LLC now owns 3,875 shares of the business services provider’s stock worth $552,000 after purchasing an additional 1,418 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Republic Services

In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the transaction, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Katharine Weymouth acquired 540 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average cost of $185.26 per share, with a total value of $100,040.40. Following the transaction, the director now owns 540 shares of the company’s stock, valued at approximately $100,040.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the sale, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

RSG has been the subject of several recent research reports. Jefferies Financial Group lifted their target price on shares of Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Republic Services in a research note on Thursday, May 23rd. They issued a “hold” rating and a $203.00 target price for the company. The Goldman Sachs Group boosted their price objective 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. Royal Bank of Canada assumed coverage on shares of Republic Services in a research note on Monday, April 8th. They set a “sector perform” rating and a $198.00 price objective for the company. Finally, Morgan Stanley cut shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a research note on Friday, March 15th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $203.14.

Republic Services Trading Up 0.9 %

Shares of RSG traded up $1.79 during mid-day trading on Thursday, reaching $198.67. The company’s stock had a trading volume of 798,342 shares, compared to its average volume of 1,198,572. The stock has a market cap of $62.57 billion, a PE ratio of 34.54, a P/E/G ratio of 3.28 and a beta of 0.69. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 52 week low of $140.23 and a 52 week high of $199.37. The company’s fifty day moving average price is $189.23 and its two-hundred day moving average price is $182.98.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the business posted $1.24 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Republic Services, Inc. will post 6.05 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s payout ratio is currently 37.54%.

About Republic Services

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.