Tower Research Capital LLC TRC Purchases 9,745 Shares of Republic Services, Inc. (NYSE:RSG)

Tower Research Capital LLC TRC grew its holdings in Republic Services, Inc. (NYSE:RSG) by 120.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,839 shares of the business services provider’s stock after purchasing an additional 9,745 shares during the period. Tower Research Capital LLC TRC’s holdings in Republic Services were worth $3,589,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of RSG. McGlone Suttner Wealth Management Inc. lifted its stake in Republic Services by 2.2% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock worth $445,000 after purchasing an additional 48 shares in the last quarter. Access Financial Services Inc. increased its stake in Republic Services by 0.8% in the 4th quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock worth $1,243,000 after acquiring an additional 51 shares during the last quarter. Tower Wealth Partners Inc. grew its holdings in shares of Republic Services by 3.3% during the fourth quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider’s stock worth $341,000 after purchasing an additional 54 shares in the last quarter. Umpqua Bank lifted its position in Republic Services by 3.2% during the fourth quarter. Umpqua Bank now owns 1,808 shares of the business services provider’s stock valued at $374,000 after purchasing an additional 56 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its position in shares of Republic Services by 3.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,579 shares of the business services provider’s stock valued at $349,000 after buying an additional 59 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Trading Down 1.9 %

RSG opened at $238.77 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The stock has a market cap of $74.56 billion, a PE ratio of 36.79, a PEG ratio of 3.64 and a beta of 0.62. The business has a 50 day moving average of $235.79 and a 200-day moving average of $218.56. Republic Services, Inc. has a 52 week low of $180.92 and a 52 week high of $249.73.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm posted $1.41 earnings per share. Equities research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 0.97%. The ex-dividend date was Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is 35.75%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RSG. Morgan Stanley raised their price target on Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. UBS Group increased their price target on shares of Republic Services from $240.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, April 11th. Cibc World Mkts upgraded shares of Republic Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Jefferies Financial Group raised their price objective on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus lifted their price target on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target of $239.13.

Insider Transactions at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Republic Services 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.