1,176 Shares in Republic Services, Inc. (NYSE:RSG) Bought by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. acquired a new stake in Republic Services, Inc. (NYSE:RSG) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,176 shares of the business services provider’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also bought and sold shares of RSG. Bruce G. Allen Investments LLC bought a new stake in Republic Services during the fourth quarter worth about $41,000. BKM Wealth Management LLC bought a new position in shares of Republic Services in the fourth quarter worth about $37,000. Global Strategic Investment Solutions LLC bought a new position in shares of Republic Services in the fourth quarter worth about $206,000. Archford Capital Strategies LLC bought a new position in shares of Republic Services in the fourth quarter worth about $204,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Republic Services by 217.7% in the fourth quarter. SG Americas Securities LLC now owns 76,038 shares of the business services provider’s stock worth $12,539,000 after acquiring an additional 52,104 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of Republic Services stock traded down $1.11 during trading hours on Friday, hitting $203.46. 1,141,994 shares of the company’s stock traded hands, compared to its average volume of 1,244,342. Republic Services, Inc. has a 12-month low of $140.23 and a 12-month high of $206.54. The stock has a market capitalization of $64.08 billion, a price-to-earnings ratio of 35.69, a PEG ratio of 3.42 and a beta of 0.69. The company has a fifty day simple moving average of $191.34 and a 200-day simple moving average of $184.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the firm posted $1.24 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Republic Services, Inc. will post 6.05 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd were given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Tuesday, July 2nd. Republic Services’s dividend payout ratio is presently 37.54%.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on shares of Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. StockNews.com raised Republic Services from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 16th. Royal Bank of Canada started coverage on Republic Services in a research note on Monday, April 8th. They issued a “sector perform” rating and a $198.00 price objective for the company. UBS Group upped their price objective on Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, Scotiabank upped their price objective on Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 1st. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $203.64.

Insider Buying and Selling

In other news, Director Katharine Weymouth acquired 540 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average price of $185.26 per share, with a total value of $100,040.40. Following the acquisition, the director now owns 540 shares in the company, valued at approximately $100,040.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Katharine Weymouth bought 540 shares of Republic Services stock in a transaction on Tuesday, June 4th. The stock was acquired at an average price of $185.26 per share, with a total value of $100,040.40. Following the acquisition, the director now directly owns 540 shares of the company’s stock, valued at $100,040.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the transaction, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

About Republic Services

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.