Republic Services, Inc. $RSG Shares Acquired by MGO One Seven LLC

MGO One Seven LLC increased its stake in Republic Services, Inc. (NYSE:RSG) by 33.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,695 shares of the business services provider’s stock after purchasing an additional 4,731 shares during the period. MGO One Seven LLC’s holdings in Republic Services were worth $3,924,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Aprio Wealth Management LLC lifted its position in Republic Services by 7.0% during the 3rd quarter. Aprio Wealth Management LLC now owns 3,874 shares of the business services provider’s stock valued at $813,000 after purchasing an additional 254 shares during the period. Avestar Capital LLC acquired a new stake in shares of Republic Services during the 3rd quarter worth approximately $248,000. International Assets Investment Management LLC raised its stake in shares of Republic Services by 10,842.2% during the third quarter. International Assets Investment Management LLC now owns 216,000 shares of the business services provider’s stock worth $45,332,000 after buying an additional 214,026 shares during the last quarter. Glenview Trust Co raised its stake in shares of Republic Services by 30.4% during the third quarter. Glenview Trust Co now owns 2,161 shares of the business services provider’s stock worth $454,000 after buying an additional 504 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Republic Services by 8.6% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 66,283 shares of the business services provider’s stock valued at $13,911,000 after buying an additional 5,262 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Buying and Selling

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 409,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was acquired at an average price of $221.49 per share, with a total value of $90,700,155.00. Following the completion of the transaction, the insider owned 116,166,330 shares in the company, valued at approximately $25,729,680,431.70. This trade represents a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 6,254,462 shares of company stock worth $1,380,321,958 in the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Republic Services Stock Up 0.8%

Shares of Republic Services stock opened at $245.90 on Tuesday. The firm has a market cap of $75.30 billion, a PE ratio of 34.01, a P/E/G ratio of 3.75 and a beta of 0.39. The business’s 50 day simple moving average is $222.98 and its 200 day simple moving average is $216.99. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $249.37.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, October 29th. The business services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.01. The firm had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.42 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.90 EPS. On average, analysts predict that Republic Services, Inc. will post 7.26 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, January 4th. Republic Services’s payout ratio is currently 37.07%.

Analyst Ratings Changes

A number of brokerages have issued reports on RSG. Wolfe Research started coverage on Republic Services in a report on Tuesday, September 15th. They set a “peer perform” rating on the stock. Weiss Ratings raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. JPMorgan Chase & Co. lifted their target price on Republic Services from $245.00 to $265.00 and gave the stock a “neutral” rating in a report on Friday. Canadian Imperial Bank of Commerce decreased their target price on Republic Services from $249.00 to $240.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $236.00 price objective on shares of Republic Services in a research report on Thursday, October 15th. Twelve analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.32.

Republic Services Profile

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.