Tlwm Cuts Stock Position in Republic Services, Inc. (NYSE:RSG)

Tlwm reduced its position in Republic Services, Inc. (NYSE:RSG) by 1.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,217 shares of the business services provider’s stock after selling 139 shares during the quarter. Republic Services makes up about 0.3% of Tlwm’s holdings, making the stock its 25th largest holding. Tlwm’s holdings in Republic Services were worth $1,382,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Raleigh Capital Management Inc. boosted its position in shares of Republic Services by 19.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 357 shares of the business services provider’s stock worth $59,000 after purchasing an additional 59 shares in the last quarter. Scotia Capital Inc. grew its holdings in shares of Republic Services by 2.4% in the 4th quarter. Scotia Capital Inc. now owns 2,708 shares of the business services provider’s stock worth $447,000 after acquiring an additional 64 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Republic Services by 0.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,150 shares of the business services provider’s stock valued at $4,147,000 after purchasing an additional 66 shares in the last quarter. Parcion Private Wealth LLC boosted its position in Republic Services by 0.3% during the fourth quarter. Parcion Private Wealth LLC now owns 23,808 shares of the business services provider’s stock worth $3,926,000 after purchasing an additional 68 shares in the last quarter. Finally, WASHINGTON TRUST Co grew its holdings in Republic Services by 4.5% in the fourth quarter. WASHINGTON TRUST Co now owns 1,620 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Up 0.4 %

NYSE RSG traded up $0.73 during mid-day trading on Thursday, reaching $194.82. 674,902 shares of the company’s stock traded hands, compared to its average volume of 1,170,180. The company has a fifty day simple moving average of $188.53 and a 200-day simple moving average of $180.80. Republic Services, Inc. has a 1-year low of $140.23 and a 1-year high of $196.76. The company has a market cap of $61.35 billion, a price-to-earnings ratio of 34.15, a P/E/G ratio of 3.27 and a beta of 0.68. 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 (NYSE:RSG) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.10. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.24 earnings per share. As a group, equities research analysts expect that Republic Services, Inc. will post 6.05 EPS for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s payout ratio is currently 37.54%.

Analysts Set New Price Targets

Several research firms have weighed in on RSG. 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 report on Tuesday, April 16th. Jefferies Financial Group upped their price objective on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, March 18th. BMO Capital Markets upped their price target on shares of Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Scotiabank lifted their price target on shares of Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a report on Wednesday, May 1st. Finally, Morgan Stanley cut Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price on the stock. in a report on Friday, March 15th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.14.

Insiders Place Their Bets

In related news, CMO Amanda Hodges sold 6,500 shares of the business’s 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 completion of the sale, the chief marketing officer now 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 is available through this link. In other news, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Katharine Weymouth bought 540 shares of the firm’s stock in a transaction 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 purchase, the director now directly owns 540 shares in the company, valued at $100,040.40. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.

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.