Albion Financial Group UT Makes New $11.62 Million Investment in Republic Services, Inc. $RSG

Albion Financial Group UT purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 50,615 shares of the business services provider’s stock, valued at approximately $11,615,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Ignite Planners LLC grew its holdings in shares of Republic Services by 2.8% during the second quarter. Ignite Planners LLC now owns 1,562 shares of the business services provider’s stock valued at $376,000 after buying an additional 43 shares during the last quarter. L2 Asset Management LLC lifted its position in Republic Services by 5.0% in the 2nd quarter. L2 Asset Management LLC now owns 908 shares of the business services provider’s stock valued at $224,000 after acquiring an additional 43 shares in the last quarter. Gries Financial LLC boosted its stake in Republic Services by 3.8% during the 2nd quarter. Gries Financial LLC now owns 1,249 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 46 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in Republic Services by 17.8% during the 2nd quarter. TD Private Client Wealth LLC now owns 305 shares of the business services provider’s stock worth $75,000 after purchasing an additional 46 shares in the last quarter. Finally, Empirical Finance LLC raised its stake in shares of Republic Services by 0.7% in the second quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider’s stock worth $1,783,000 after purchasing an additional 47 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insider Activity at Republic Services

In related news, Director Katharine Weymouth bought 478 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were bought at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the acquisition, the director owned 5,740 shares of the company’s stock, valued at $1,202,300.40. This trade represents a 9.08% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Republic Services Stock Performance

Shares of RSG stock opened at $214.39 on Tuesday. The company’s fifty day moving average price is $213.20 and its 200-day moving average price is $227.05. Republic Services, Inc. has a 12 month low of $199.43 and a 12 month high of $258.75. The stock has a market cap of $66.37 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 3.67 and a beta of 0.54. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04.

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

Republic Services Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Robert W. Baird set a $240.00 target price on shares of Republic Services in a research report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 22nd. Scotiabank decreased their price objective on shares of Republic Services from $250.00 to $246.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Barclays assumed coverage on Republic Services in a research report on Friday, September 19th. They set an “equal weight” rating and a $240.00 price objective on the stock. Finally, Sanford C. Bernstein started coverage on shares of Republic Services in a research report on Wednesday, November 12th. They set a “market perform” rating and a $205.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $250.64.

About Republic Services

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.