Beverly Hills Private Wealth LLC Sells 251 Shares of Republic Services, Inc. (NYSE:RSG)

Beverly Hills Private Wealth LLC trimmed its position in Republic Services, Inc. (NYSE:RSG) by 11.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,897 shares of the business services provider’s stock after selling 251 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Republic Services were worth $382,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Barclays PLC grew its position in shares of Republic Services by 11.0% during the 3rd quarter. Barclays PLC now owns 675,163 shares of the business services provider’s stock valued at $135,598,000 after purchasing an additional 66,842 shares in the last quarter. World Investment Advisors LLC grew its position in Republic Services by 25.8% during the third quarter. World Investment Advisors LLC now owns 3,055 shares of the business services provider’s stock worth $613,000 after buying an additional 626 shares in the last quarter. Nordea Investment Management AB increased its stake in Republic Services by 19.4% in the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock worth $626,553,000 after acquiring an additional 509,116 shares during the last quarter. Canandaigua National Trust Co of Florida bought a new stake in shares of Republic Services during the 4th quarter valued at about $247,000. Finally, Diversified Trust Co grew its holdings in shares of Republic Services by 12.1% during the fourth quarter. Diversified Trust Co now owns 1,537 shares of the business services provider’s stock worth $309,000 after purchasing an additional 166 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on RSG. The Goldman Sachs Group lifted their target price on shares of Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. William Blair reiterated an “outperform” rating on shares of Republic Services in a research report on Friday, April 25th. Raymond James restated an “outperform” rating on shares of Republic Services in a research report on Wednesday, April 16th. Scotiabank upped their price objective on Republic Services from $233.00 to $250.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 8th. Finally, Stifel Nicolaus raised their price objective on Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and an average target price of $249.00.

Republic Services Stock Up 0.4 %

Shares of Republic Services stock opened at $250.42 on Monday. Republic Services, Inc. has a 1 year low of $180.92 and a 1 year high of $252.40. The firm has a market cap of $78.26 billion, a price-to-earnings ratio of 38.59, a PEG ratio of 3.64 and a beta of 0.62. The company has a 50-day moving average of $238.62 and a 200 day moving average of $221.19. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.05. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $1.45 earnings per share. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.93%. Republic Services’s payout ratio is presently 34.99%.

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.