ABN Amro Investment Solutions Buys Shares of 10,136 Republic Services, Inc. $RSG

ABN Amro Investment Solutions bought a new position in shares of Republic Services, Inc. (NYSE:RSG) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,136 shares of the business services provider’s stock, valued at approximately $2,500,000.

Several other large investors have also recently modified their holdings of the business. Cranbrook Wealth Management LLC increased its stake in shares of Republic Services by 1,222.2% in the second quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock valued at $29,000 after buying an additional 110 shares during the period. TCTC Holdings LLC increased its holdings in shares of Republic Services by 113.8% during the first quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 66 shares in the last quarter. Elequin Capital LP acquired a new position in Republic Services during the first quarter worth $30,000. NewSquare Capital LLC lifted 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 acquiring an additional 50 shares in the last quarter. Finally, Atticus Wealth Management LLC bought a new stake in Republic Services during the second quarter worth $39,000. Institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RSG shares. Sanford C. Bernstein assumed coverage on Republic Services in a research report on Wednesday. They set a “market perform” rating and a $205.00 target price for the company. National Bankshares reduced their target price on Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. BMO Capital Markets raised their price target on Republic Services from $280.00 to $284.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Oppenheimer set a $256.00 price target on shares of Republic Services in a research note on Friday, October 31st. Finally, UBS Group dropped their price target on shares of Republic Services from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday, October 16th. Two 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $250.91.

Insiders Place Their Bets

In other news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of Republic Services stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the transaction, the insider owned 109,816,832 shares in the company, valued at $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gregg Brummer sold 7,338 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the completion of the transaction, the executive vice president directly owned 4,060 shares in the company, valued at approximately $949,796.40. The trade was a 64.38% decrease in their position. The SEC filing for this sale provides additional information. 0.11% of the stock is currently owned by corporate insiders.

Republic Services Stock Performance

Republic Services stock opened at $209.74 on Friday. The company has a market capitalization of $64.93 billion, a P/E ratio of 31.03, a PEG ratio of 3.40 and a beta of 0.57. The stock’s 50 day moving average is $220.23 and its 200 day moving average is $235.17. Republic Services, Inc. has a twelve month low of $199.43 and a twelve month high of $258.75. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.12. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The business had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same period last year, the business earned $1.81 EPS. Republic Services’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be issued a $0.625 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.50 annualized dividend and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is currently 37.20%.

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.