Republic Services, Inc. (NYSE:RSG) Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 20.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,192 shares of the business services provider’s stock after buying an additional 1,560 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Republic Services were worth $1,849,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. boosted its stake in Republic Services by 2.2% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock worth $445,000 after purchasing an additional 48 shares during the period. FORA Capital LLC boosted its stake in shares of Republic Services by 0.7% during the fourth quarter. FORA Capital LLC now owns 7,659 shares of the business services provider’s stock worth $1,541,000 after buying an additional 50 shares during the period. Access Financial Services Inc. grew its holdings in shares of Republic Services by 0.8% during the fourth quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock worth $1,243,000 after buying an additional 51 shares during the last quarter. Tower Wealth Partners Inc. increased its position in Republic Services by 3.3% in the 4th quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 54 shares during the period. Finally, Umpqua Bank raised its stake in Republic Services by 3.2% during the 4th quarter. Umpqua Bank now owns 1,808 shares of the business services provider’s stock valued at $374,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Performance

NYSE:RSG opened at $244.95 on Friday. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $253.54. The company has a market capitalization of $76.55 billion, a P/E ratio of 37.74, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average price of $240.68 and a two-hundred day moving average price of $223.63.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the business earned $1.45 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. As a group, research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services’s dividend payout ratio is presently 34.99%.

Wall Street Analyst Weigh In

RSG has been the topic of a number of recent research reports. Raymond James reissued an “outperform” rating on shares of Republic Services in a report on Wednesday, April 16th. Seaport Res Ptn raised shares of Republic Services to a “strong-buy” rating in a research note on Tuesday, May 6th. UBS Group raised their target price on shares of Republic Services from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, April 11th. CIBC upgraded shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price target on the stock in a research note on Tuesday, March 4th. Finally, BMO Capital Markets raised their price objective on shares of Republic Services from $260.00 to $268.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $249.00.

Insider Activity

In related news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This trade represents a 37.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Republic Services 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.