DE Burlo Group Inc. Sells 29,615 Shares of Republic Services, Inc. $RSG

DE Burlo Group Inc. cut its holdings in Republic Services, Inc. (NYSE:RSG) by 48.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,883 shares of the business services provider’s stock after selling 29,615 shares during the period. DE Burlo Group Inc.’s holdings in Republic Services were worth $6,757,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RSG. Laurel Wealth Advisors LLC acquired a new stake in shares of Republic Services in the fourth quarter worth about $25,000. Wealth Watch Advisors INC bought a new position in shares of Republic Services in the 3rd quarter valued at approximately $26,000. Ameriflex Group Inc. bought a new position in shares of Republic Services in the 3rd quarter valued at approximately $29,000. Sound Income Strategies LLC acquired a new stake in Republic Services in the 4th quarter worth approximately $32,000. Finally, Hilton Head Capital Partners LLC bought a new stake in Republic Services during the fourth quarter worth approximately $32,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Up 0.8%

NYSE RSG opened at $209.75 on Friday. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $253.38. The stock has a market cap of $64.53 billion, a PE ratio of 30.09, a PEG ratio of 3.45 and a beta of 0.41. The firm has a 50-day simple moving average of $208.84 and a 200 day simple moving average of $214.52. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.67 and a current ratio of 0.67.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Friday, May 8th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter in the prior year, the firm posted $1.58 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, research analysts forecast that Republic Services, Inc. will post 7.28 EPS for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, July 2nd. Republic Services’s dividend payout ratio (DPR) is 36.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on RSG shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. UBS Group lowered their target price on shares of Republic Services from $240.00 to $223.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Robert W. Baird dropped their target price on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, April 16th. Wolfe Research assumed coverage on shares of Republic Services in a report on Friday, March 13th. They set a “peer perform” rating for the company. Finally, Wells Fargo & Company lifted their price objective on Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average target price of $243.26.

Insider Buying and Selling at Republic Services

In other news, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $211.28, for a total transaction of $380,304.00. Following the sale, the director directly owned 58 shares in the company, valued at approximately $12,254.24. The trade was a 96.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Cascade Investment, L.L.C. purchased 60,700 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average cost of $213.31 per share, with a total value of $12,947,917.00. Following the transaction, the insider directly owned 110,803,982 shares of the company’s stock, valued at approximately $23,635,597,400.42. This represents a 0.05% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 987,150 shares of company stock worth $202,366,682 in the last three months. Insiders own 0.12% of the company’s stock.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.