Ycg LLC Buys 6,824 Shares of Republic Services, Inc. $RSG

Ycg LLC increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 207,774 shares of the business services provider’s stock after buying an additional 6,824 shares during the quarter. Republic Services comprises about 3.6% of Ycg LLC’s portfolio, making the stock its 12th biggest position. Ycg LLC owned approximately 0.07% of Republic Services worth $47,680,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Financial Consulate Inc. acquired a new position in Republic Services during the third quarter worth $25,000. Cranbrook Wealth Management LLC grew its holdings in Republic Services by 1,222.2% during the second quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock worth $29,000 after buying an additional 110 shares in the last quarter. NewSquare Capital LLC raised its position in Republic Services by 68.5% in the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after buying an additional 50 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in Republic Services during the 2nd quarter valued at $33,000. Finally, Atticus Wealth Management LLC purchased a new position in Republic Services during the 2nd quarter worth $39,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RSG. Sanford C. Bernstein raised their price target on shares of Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. Barclays started coverage on Republic Services in a research note on Friday, September 19th. They issued an “equal weight” rating and a $240.00 target price on the stock. Oppenheimer set a $256.00 price target on Republic Services in a research report on Friday, October 31st. Bank of America reduced their price objective on Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Finally, Robert W. Baird set a $240.00 target price on Republic Services in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $249.23.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth bought 478 shares of Republic Services stock in a transaction on Tuesday, December 9th. The stock was acquired at an average price of $209.46 per share, with a total value of $100,121.88. Following the acquisition, the director directly owned 5,740 shares of the company’s stock, valued at $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.11% of the company’s stock.

Republic Services Price Performance

Shares of NYSE:RSG opened at $210.99 on Friday. The firm has a market capitalization of $65.31 billion, a PE ratio of 31.40, a P/E/G ratio of 3.45 and a beta of 0.55. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average price of $212.61 and a two-hundred day moving average price of $223.79. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.12. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The company had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the prior year, the company posted $1.81 EPS. Republic Services’s revenue was up 3.3% compared to the same quarter last year. Equities analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Friday, January 2nd were paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, January 2nd. Republic Services’s payout ratio is presently 37.20%.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.