Ancora Advisors LLC reduced its position in Republic Services, Inc. (NYSE:RSG) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,527 shares of the business services provider’s stock after selling 400 shares during the period. Ancora Advisors LLC’s holdings in Republic Services were worth $1,769,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its position in Republic Services by 8.4% in the 4th quarter. BlackRock Inc. now owns 20,563,044 shares of the business services provider’s stock valued at $1,482,389,000 after buying an additional 1,600,885 shares during the last quarter. Vanguard Group Inc boosted its position in Republic Services by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 18,743,008 shares of the business services provider’s stock valued at $1,361,867,000 after buying an additional 115,598 shares during the last quarter. Matthew Goff Investment Advisor LLC boosted its position in Republic Services by 2,317.5% in the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 12,266,686 shares of the business services provider’s stock valued at $507,412,000 after buying an additional 11,759,274 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Republic Services by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,206,334 shares of the business services provider’s stock valued at $303,237,000 after buying an additional 118,090 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Republic Services by 9.3% in the 4th quarter. Geode Capital Management LLC now owns 3,819,787 shares of the business services provider’s stock valued at $275,009,000 after buying an additional 324,355 shares during the last quarter. 60.76% of the stock is owned by institutional investors.
Shares of Republic Services stock traded up $0.86 during trading on Monday, reaching $79.08. The company had a trading volume of 1,317,565 shares, compared to its average volume of 1,283,635. The firm has a market cap of $25.41 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 2.69 and a beta of 0.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.58 and a current ratio of 0.58. Republic Services, Inc. has a fifty-two week low of $64.13 and a fifty-two week high of $81.20.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be paid a dividend of $0.375 per share. The ex-dividend date is Friday, March 29th. This represents a $1.50 annualized dividend and a yield of 1.90%. Republic Services’s dividend payout ratio (DPR) is 48.54%.
A number of research firms have weighed in on RSG. Zacks Investment Research cut shares of Republic Services from a “hold” rating to a “sell” rating in a research report on Monday. Stifel Nicolaus lowered shares of Republic Services from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a research note on Thursday. UBS Group upped their target price on shares of Republic Services from $79.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Finally, KeyCorp started coverage on shares of Republic Services in a research note on Monday, February 4th. They issued a “sector weight” rating and a $77.73 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Republic Services currently has an average rating of “Hold” and a consensus price target of $79.10.
In other news, CAO Brian A. Goebel sold 2,000 shares of the stock in a transaction that occurred on Thursday, January 17th. The shares were sold at an average price of $74.25, for a total value of $148,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,186 shares in the company, valued at $607,810.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeffrey A. Hughes sold 10,118 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $80.40, for a total transaction of $813,487.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,700 shares of company stock worth $1,729,597. 0.30% of the stock is owned by company insiders.
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Republic Services Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.
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