GWN Securities Inc. Sells 17,355 Shares of Republic Services, Inc. $RSG

GWN Securities Inc. trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 53.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,293 shares of the business services provider’s stock after selling 17,355 shares during the quarter. Republic Services accounts for about 0.8% of GWN Securities Inc.’s portfolio, making the stock its 25th largest position. GWN Securities Inc.’s holdings in Republic Services were worth $3,539,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Exencial Wealth Advisors LLC bought a new stake in shares of Republic Services in the third quarter worth $205,000. Concurrent Investment Advisors LLC grew its position in shares of Republic Services by 1.1% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 15,715 shares of the business services provider’s stock valued at $3,606,000 after buying an additional 165 shares during the last quarter. Liberty One Investment Management LLC raised its position in shares of Republic Services by 118.4% during the third quarter. Liberty One Investment Management LLC now owns 236,001 shares of the business services provider’s stock worth $54,135,000 after acquiring an additional 127,964 shares during the last quarter. CPC Advisors LLC acquired a new position in shares of Republic Services in the third quarter worth approximately $5,464,000. Finally, GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in Republic Services in the third quarter valued at approximately $980,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Down 0.6%

RSG stock opened at $209.59 on Wednesday. The stock’s 50 day simple moving average is $212.29 and its 200 day simple moving average is $224.22. The company has a market cap of $64.88 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 3.45 and a beta of 0.55. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58. Republic Services, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the previous year, the company posted $1.81 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.625 per share. 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 is presently 37.20%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Oppenheimer set a $256.00 price target on shares of Republic Services in a research report on Friday, October 31st. The Goldman Sachs Group assumed coverage on shares of Republic Services in a report on Monday, November 24th. They issued a “buy” rating and a $255.00 target price on the stock. Barclays assumed coverage on Republic Services in a report on Friday, September 19th. They set an “equal weight” rating and a $240.00 price target for the company. Wells Fargo & Company assumed coverage on Republic Services in a research note on Thursday, November 13th. They issued an “overweight” rating and a $238.00 price objective on the stock. Finally, Citigroup decreased their target price on Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price of $250.41.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth acquired 478 shares of Republic Services stock in a transaction dated Tuesday, December 9th. The stock was purchased at an average cost of $209.46 per share, for a total transaction of $100,121.88. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

Republic Services Company 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.