Fenimore Asset Management Inc. lessened its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 159,880 shares of the business services provider’s stock after selling 984 shares during the quarter. Fenimore Asset Management Inc.’s holdings in Republic Services were worth $11,526,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Savant Capital LLC raised its position in Republic Services by 6.8% during the third quarter. Savant Capital LLC now owns 34,130 shares of the business services provider’s stock valued at $2,480,000 after acquiring an additional 2,174 shares in the last quarter. American Century Companies Inc. raised its position in shares of Republic Services by 16.4% in the third quarter. American Century Companies Inc. now owns 7,468,603 shares of the business services provider’s stock valued at $542,669,000 after purchasing an additional 1,053,773 shares during the period. Bank of Nova Scotia raised its position in shares of Republic Services by 75.8% in the second quarter. Bank of Nova Scotia now owns 52,048 shares of the business services provider’s stock valued at $3,559,000 after purchasing an additional 22,438 shares during the period. First Trust Advisors LP raised its position in shares of Republic Services by 1.5% in the third quarter. First Trust Advisors LP now owns 780,573 shares of the business services provider’s stock valued at $56,716,000 after purchasing an additional 11,537 shares during the period. Finally, Butensky & Cohen Financial Security Inc. raised its position in shares of Republic Services by 15.2% in the third quarter. Butensky & Cohen Financial Security Inc. now owns 6,245 shares of the business services provider’s stock valued at $454,000 after purchasing an additional 825 shares during the period. 59.23% of the stock is currently owned by hedge funds and other institutional investors.
In other Republic Services news, CAO Brian A. Goebel sold 3,000 shares of Republic Services stock in a transaction on Thursday, January 3rd. The shares were sold at an average price of $71.27, for a total transaction of $213,810.00. Following the sale, the chief accounting officer now owns 9,186 shares in the company, valued at $654,686.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer M. Kirk purchased 1,500 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were acquired at an average price of $72.35 per share, for a total transaction of $108,525.00. Following the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at $108,525. The disclosure for this purchase can be found here. 0.30% of the stock is owned by insiders.
Shares of Republic Services stock traded down $0.22 during midday trading on Friday, hitting $74.33. The company had a trading volume of 82,749 shares, compared to its average volume of 1,444,648. The company has a market cap of $23.99 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.11 and a beta of 0.61. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.95. Republic Services, Inc. has a 1-year low of $60.26 and a 1-year high of $78.54.
Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, October 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. Republic Services had a net margin of 13.90% and a return on equity of 12.11%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. As a group, research analysts forecast that Republic Services, Inc. will post 3.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $1.50 dividend on an annualized basis and a yield of 2.02%. Republic Services’s dividend payout ratio is currently 61.73%.
A number of research firms have recently commented on RSG. Goldman Sachs Group raised shares of Republic Services to a “hold” rating and set a $79.00 price target on the stock in a research report on Tuesday, December 4th. UBS Group lowered shares of 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 research report on Thursday. Zacks Investment Research raised shares of Republic Services from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Thursday, December 20th. Bank of America downgraded shares of Republic Services from a “buy” rating to a “neutral” rating and set a $74.00 price objective on the stock. in a research note on Wednesday, October 24th. Finally, BMO Capital Markets lowered their price objective on shares of Republic Services from $79.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Republic Services 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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