Republic Services, Inc. (NYSE:RSG) Stock Position Decreased by Appleton Partners Inc. MA

Appleton Partners Inc. MA lowered its position in Republic Services, Inc. (NYSE:RSG) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,895 shares of the business services provider’s stock after selling 2,417 shares during the period. Appleton Partners Inc. MA’s holdings in Republic Services were worth $9,032,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new position in shares of Republic Services during the 3rd quarter valued at $25,000. Wolff Wiese Magana LLC lifted its position in shares of Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after buying an additional 109 shares during the last quarter. Webster Bank N. A. bought a new stake in shares of Republic Services during the 3rd quarter worth about $31,000. R Squared Ltd bought a new position in shares of Republic Services in the 4th quarter valued at approximately $32,000. Finally, Truvestments Capital LLC acquired a new stake in Republic Services in the 3rd quarter worth approximately $34,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction on Tuesday, November 19th. The stock was 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 approximately $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the sale, the director now owns 879 shares in the company, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Republic Services Stock Performance

NYSE RSG opened at $220.91 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The company’s 50-day simple moving average is $209.96 and its 200 day simple moving average is $206.15. The stock has a market cap of $69.18 billion, a P/E ratio of 35.35, a PEG ratio of 3.24 and a beta of 0.74. Republic Services, Inc. has a twelve month low of $171.06 and a twelve month high of $222.65.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is 37.12%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RSG. Jefferies Financial Group lifted their price target on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. 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 lifted their price objective on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and raised their target price for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Finally, Oppenheimer increased their price objective on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $224.38.

About Republic Services

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.