Shulman DeMeo Asset Management LLC decreased its position in Republic Services, Inc. (NYSE:RSG) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,391 shares of the business services provider’s stock after selling 165 shares during the quarter. Shulman DeMeo Asset Management LLC’s holdings in Republic Services were worth $214,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall Wace LLP acquired a new position in Republic Services in the first quarter valued at about $130,000. FMR LLC lifted its position in shares of Republic Services by 104.6% during the first quarter. FMR LLC now owns 143,930 shares of the business services provider’s stock worth $11,570,000 after purchasing an additional 73,568 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Republic Services by 11.9% during the second quarter. MML Investors Services LLC now owns 5,559 shares of the business services provider’s stock worth $482,000 after purchasing an additional 591 shares in the last quarter. Profund Advisors LLC lifted its position in shares of Republic Services by 3.2% during the second quarter. Profund Advisors LLC now owns 4,152 shares of the business services provider’s stock worth $360,000 after purchasing an additional 128 shares in the last quarter. Finally, AXA lifted its position in shares of Republic Services by 7.1% during the second quarter. AXA now owns 75,233 shares of the business services provider’s stock worth $6,518,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 57.87% of the company’s stock.
In other Republic Services news, insider Welborn John 3,000,000 shares of the company’s stock in a transaction on Thursday, November 21st. Also, CAO Brian A. Goebel sold 2,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $89.72, for a total transaction of $179,440.00. Following the completion of the transaction, the chief accounting officer now owns 8,186 shares in the company, valued at $734,447.92. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
A number of equities analysts have recently issued reports on RSG shares. ValuEngine lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus set a $95.00 target price on shares of Republic Services and gave the stock a “buy” rating in a research report on Monday, September 23rd. Bank of America lowered shares of Republic Services from a “buy” rating to a “neutral” rating and set a $95.00 target price on the stock. in a research report on Friday, January 10th. CIBC started coverage on shares of Republic Services in a research report on Tuesday, December 17th. They set a “neutral” rating and a $99.00 target price on the stock. Finally, Jefferies Financial Group started coverage on shares of Republic Services in a research report on Wednesday, November 27th. They set a “buy” rating and a $100.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $91.86.
Shares of NYSE RSG opened at $92.56 on Thursday. The company’s 50 day simple moving average is $89.56 and its 200 day simple moving average is $87.98. Republic Services, Inc. has a fifty-two week low of $74.19 and a fifty-two week high of $92.94. The firm has a market capitalization of $29.31 billion, a P/E ratio of 29.95, a P/E/G ratio of 3.12 and a beta of 0.49. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.49 and a quick ratio of 0.49.
Republic Services (NYSE:RSG) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.06. Republic Services had a net margin of 10.58% and a return on equity of 13.13%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the business posted $0.82 earnings per share. Republic Services’s revenue was up 3.2% compared to the same quarter last year. Sell-side analysts expect that Republic Services, Inc. will post 3.29 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were issued a $0.405 dividend. The ex-dividend date of this dividend was Wednesday, January 1st. This represents a $1.62 annualized dividend and a yield of 1.75%. Republic Services’s dividend payout ratio is currently 52.43%.
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, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.
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