Republic Services, Inc. $RSG Shares Newly Bought by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 14,436 shares of the business services provider’s stock, valued at approximately $3,030,000.

Other large investors also recently bought and sold shares of the company. Focus Financial Network Inc. boosted its position in Republic Services by 2.5% in the 2nd quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock worth $397,000 after purchasing an additional 46 shares in the last quarter. Secure Asset Management LLC grew its stake in shares of Republic Services by 3.3% during the 3rd quarter. Secure Asset Management LLC now owns 1,455 shares of the business services provider’s stock worth $305,000 after purchasing an additional 47 shares during the period. AlphaCentric Advisors LLC grew its stake in shares of Republic Services by 5.9% during the 1st quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock worth $198,000 after purchasing an additional 50 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Republic Services by 47.3% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 52 shares in the last quarter. Finally, Burford Brothers Inc. increased its holdings in shares of Republic Services by 2.8% during the 2nd quarter. Burford Brothers Inc. now owns 1,944 shares of the business services provider’s stock valued at $414,000 after purchasing an additional 53 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 409,500 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were acquired at an average cost of $221.49 per share, with a total value of $90,700,155.00. Following the purchase, the insider directly owned 116,166,330 shares of the company’s stock, valued at $25,729,680,431.70. This trade represents a 0.35% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have purchased 5,992,798 shares of company stock valued at $1,324,092,981. Company insiders own 0.12% of the company’s stock.

Republic Services Price Performance

Republic Services stock opened at $246.75 on Monday. The company has a fifty day simple moving average of $224.95 and a 200-day simple moving average of $217.69. The firm has a market capitalization of $75.17 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 4.10 and a beta of 0.32. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.14. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $254.39.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, October 29th. The business services provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.01. The firm had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.42 billion. Republic Services had a net margin of 12.93% and a return on equity of 18.56%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $1.90 earnings per share. On average, equities analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, January 4th will be issued a $0.67 dividend. The ex-dividend date is Monday, January 4th. This represents a $2.68 dividend on an annualized basis and a yield of 1.1%. Republic Services’s dividend payout ratio is presently 37.07%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce lowered their price target on shares of Republic Services from $249.00 to $240.00 and set an “outperform” rating on the stock in a report on Thursday, October 8th. Royal Bank Of Canada raised their price target on shares of Republic Services from $272.00 to $277.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. Wolfe Research assumed coverage on shares of Republic Services in a report on Tuesday, September 15th. They issued a “peer perform” rating for the company. BMO Capital Markets set a $244.00 price objective on shares of Republic Services in a research report on Thursday, October 15th. Finally, Morgan Stanley lowered their target price on shares of Republic Services from $232.00 to $219.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 13th. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $249.32.

Republic Services Profile

Republic Services, Inc provides waste collection, recycling and environmental services to residential, commercial, industrial and municipal customers across the United States. Its services include collecting and transporting waste, operating transfer stations and landfills, and processing recyclable materials.

The company also provides environmental solutions, including services for the management and disposal of hazardous and other specialized waste. Republic Services traces its origins to the 1990s and expanded its operations through the 2008 combination with Allied Waste Industries.

Headquartered in Phoenix, Arizona, Republic Services is led by Chief Executive Officer Jon Vander Ark.