Republic Services, Inc. $RSG Shares Bought by Harbour Investments Inc.

Harbour Investments Inc. raised its position in Republic Services, Inc. (NYSE:RSG) by 959.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,963 shares of the business services provider’s stock after purchasing an additional 17,173 shares during the quarter. Harbour Investments Inc.’s holdings in Republic Services were worth $4,019,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Watch Advisors INC bought a new stake in shares of Republic Services during the 3rd quarter worth about $26,000. Laurel Wealth Advisors LLC bought a new stake in shares of Republic Services during the 4th quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Republic Services by 121.8% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of Republic Services in the 3rd quarter worth approximately $29,000. Finally, Sound Income Strategies LLC bought a new stake in shares of Republic Services in the 4th quarter worth approximately $32,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Performance

Shares of RSG opened at $206.84 on Wednesday. The company’s 50 day moving average price is $212.33 and its 200 day moving average price is $214.90. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $258.75. The company has a market capitalization of $63.64 billion, a PE ratio of 29.68, a PEG ratio of 3.44 and a beta of 0.43. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.67 and a current ratio of 0.67.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Friday, May 8th. The business services provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the firm posted $1.58 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. Research analysts expect that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. Republic Services’s payout ratio is presently 36.15%.

Analysts Set New Price Targets

RSG has been the topic of a number of research reports. BMO Capital Markets dropped their target price on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. UBS Group dropped their target price on shares of Republic Services from $240.00 to $223.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Wells Fargo & Company boosted their target price on shares of Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. JPMorgan Chase & Co. boosted their target price on shares of Republic Services from $233.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Finally, Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Eleven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $245.15.

Insider Buying and Selling

In related news, major shareholder Cascade Investment, L.L.C. acquired 366,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $202.24 per share, with a total value of $74,019,840.00. Following the completion of the transaction, the insider owned 110,315,982 shares of the company’s stock, valued at approximately $22,310,304,199.68. This trade represents a 0.33% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have purchased 987,150 shares of company stock worth $202,366,682 over the last quarter. Insiders own 0.12% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.