Sawyer & Company Inc Decreases Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Sawyer & Company Inc lessened its stake in Republic Services, Inc. (NYSE:RSG) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,397 shares of the business services provider’s stock after selling 390 shares during the period. Sawyer & Company Inc’s holdings in Republic Services were worth $1,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC grew its position in shares of Republic Services by 49.0% in the 4th quarter. Park Avenue Securities LLC now owns 7,702 shares of the business services provider’s stock worth $1,549,000 after buying an additional 2,534 shares during the last quarter. Kathmere Capital Management LLC grew its holdings in Republic Services by 5.0% in the fourth quarter. Kathmere Capital Management LLC now owns 3,546 shares of the business services provider’s stock worth $713,000 after purchasing an additional 168 shares during the last quarter. Board of the Pension Protection Fund acquired a new position in shares of Republic Services during the fourth quarter worth $825,000. Oak Thistle LLC purchased a new stake in shares of Republic Services during the 4th quarter valued at $411,000. Finally, Tlwm boosted its position in shares of Republic Services by 4.6% in the 4th quarter. Tlwm now owns 7,474 shares of the business services provider’s stock worth $1,504,000 after purchasing an additional 332 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. William Blair started coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Morgan Stanley lifted their target price on shares of Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. CIBC raised their price target on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and boosted their price objective for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $221.12.

Republic Services Trading Up 1.3 %

Shares of NYSE:RSG opened at $209.66 on Thursday. The company has a market capitalization of $65.66 billion, a PE ratio of 33.55, a PEG ratio of 2.98 and a beta of 0.73. Republic Services, Inc. has a 12-month low of $165.06 and a 12-month high of $220.58. The business has a 50 day moving average of $209.10 and a two-hundred day moving average of $204.20. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the firm posted $1.54 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, analysts forecast that Republic Services, Inc. will post 6.25 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, January 2nd. Republic Services’s payout ratio is 37.12%.

Insiders Place Their Bets

In related news, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the transaction, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. The trade was a 44.53 % decrease in their position. The disclosure for this sale 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.