Vise Technologies Inc. Has $2.06 Million Stock Position in Republic Services, Inc. $RSG

Vise Technologies Inc. boosted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 69.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,714 shares of the business services provider’s stock after buying an additional 3,970 shares during the period. Vise Technologies Inc.’s holdings in Republic Services were worth $2,059,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RSG. Laurel Wealth Advisors LLC acquired a new stake in Republic Services during the 4th quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new position in shares of Republic Services during the 3rd quarter worth approximately $26,000. Ameriflex Group Inc. bought a new position in shares of Republic Services during the 3rd quarter worth approximately $29,000. Sound Income Strategies LLC bought a new position in shares of Republic Services during the 4th quarter worth approximately $32,000. Finally, JPL Wealth Management LLC bought a new position in shares of Republic Services during the 3rd quarter worth approximately $50,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Services

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RSG. Wolfe Research began coverage on shares of Republic Services in a research note on Friday, March 13th. They set a “peer perform” rating for the company. Barclays raised their price target on shares of Republic Services from $227.00 to $233.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Robert W. Baird decreased their price target on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating for the company in a research note on Thursday, April 16th. Citigroup decreased their price target on shares of Republic Services from $253.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research note on Friday, May 8th. Eleven analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $245.15.

Republic Services Price Performance

NYSE:RSG opened at $210.59 on Monday. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $255.47. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.11. The firm has a fifty day simple moving average of $209.81 and a 200 day simple moving average of $214.79. The stock has a market capitalization of $64.79 billion, a PE ratio of 30.21, a P/E/G ratio of 3.46 and a beta of 0.41.

Republic Services (NYSE:RSG) last released its earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same period last year, the business earned $1.58 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. On average, research analysts expect that Republic Services, Inc. will post 7.28 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be paid a $0.625 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is currently 36.15%.

Republic Services 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.