Segall Bryant & Hamill LLC boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 37.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,246 shares of the business services provider’s stock after acquiring an additional 2,239 shares during the period. Segall Bryant & Hamill LLC’s holdings in Republic Services were worth $558,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSG. SeaCrest Wealth Management LLC bought a new stake in Republic Services during the 4th quarter worth approximately $121,000. Benjamin F. Edwards & Company Inc. raised its stake in Republic Services by 507.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,823 shares of the business services provider’s stock worth $123,000 after acquiring an additional 1,523 shares during the period. Tower Research Capital LLC TRC raised its stake in Republic Services by 1,070.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,937 shares of the business services provider’s stock worth $199,000 after acquiring an additional 2,686 shares during the period. Focused Wealth Management Inc bought a new stake in Republic Services during the 4th quarter worth approximately $199,000. Finally, Welch & Forbes LLC bought a new stake in Republic Services during the 4th quarter worth approximately $201,000. Institutional investors own 61.06% of the company’s stock.
In related news, COO Ark Jon Vander sold 9,236 shares of the firm’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $68.45, for a total value of $632,204.20. Following the completion of the transaction, the chief operating officer now directly owns 12,011 shares of the company’s stock, valued at $822,152.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Brian A. Goebel sold 1,220 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $68.06, for a total transaction of $83,033.20. Following the completion of the transaction, the chief accounting officer now directly owns 7,406 shares of the company’s stock, valued at $504,052.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,364 shares of company stock valued at $2,186,101. Insiders own 0.40% of the company’s stock.
Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Republic Services had a net margin of 12.73% and a return on equity of 10.61%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the firm posted $0.57 EPS. The company’s revenue was up 7.6% on a year-over-year basis. equities research analysts anticipate that Republic Services, Inc. will post 3.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, March 29th. Republic Services’s dividend payout ratio (DPR) is currently 36.41%.
A number of research firms have commented on RSG. Zacks Investment Research cut shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. UBS assumed coverage on shares of Republic Services in a research note on Wednesday, March 14th. They set a “buy” rating and a $78.00 target price on the stock. Credit Suisse Group cut their price objective on shares of Republic Services from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Monday, February 12th. BMO Capital Markets cut their price objective on shares of Republic Services from $74.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, February 9th. Finally, Bank of America increased their price objective on shares of Republic Services from $70.00 to $73.00 and gave the company a “buy” rating in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Republic Services has an average rating of “Hold” and a consensus price target of $69.75.
ILLEGAL ACTIVITY NOTICE: This piece was first reported by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3299902/republic-services-inc-rsg-holdings-raised-by-segall-bryant-hamill-llc.html.
Republic Services Profile
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
Receive News & Ratings for Republic Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services and related companies with MarketBeat.com's FREE daily email newsletter.