Segment Wealth Management LLC Acquires 95 Shares of Republic Services, Inc. (NYSE:RSG)

Segment Wealth Management LLC increased its stake in Republic Services, Inc. (NYSE:RSG) by 1.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,242 shares of the business services provider’s stock after buying an additional 95 shares during the quarter. Segment Wealth Management LLC’s holdings in Republic Services were worth $1,055,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new position in shares of Republic Services during the 3rd quarter worth $25,000. Wolff Wiese Magana LLC boosted its position in Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the period. Webster Bank N. A. purchased a new position in shares of Republic Services in the third quarter worth about $31,000. Truvestments Capital LLC bought a new stake in shares of Republic Services in the third quarter valued at approximately $34,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Republic Services during the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RSG. Morgan Stanley boosted their target price on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Oppenheimer increased their price objective on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and upped their price target for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. William Blair initiated coverage on shares of Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. Finally, Scotiabank started coverage on shares of Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average target price of $221.12.

Insider Activity

In related news, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares in the company, valued at $189,222.33. This represents a 67.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the transaction, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. The trade was a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Price Performance

Shares of Republic Services stock opened at $213.85 on Tuesday. The business’s 50-day moving average price is $209.27 and its 200-day moving average price is $204.59. The firm has a market capitalization of $66.97 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 3.10 and a beta of 0.73. Republic Services, Inc. has a 12 month low of $165.99 and a 12 month high of $220.58. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the firm posted $1.54 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were issued a $0.58 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.08%. Republic Services’s dividend payout ratio is currently 37.12%.

Republic Services Company Profile

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.