ASR Vermogensbeheer N.V. Acquires 2,553 Shares of Republic Services, Inc. $RSG

ASR Vermogensbeheer N.V. grew its stake in Republic Services, Inc. (NYSE:RSG) by 9.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,966 shares of the business services provider’s stock after buying an additional 2,553 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Republic Services were worth $7,106,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Financial Consulate Inc. acquired a new position in shares of Republic Services during the third quarter worth about $25,000. Cranbrook Wealth Management LLC increased its stake in Republic Services by 1,222.2% in the 2nd 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 last quarter. NewSquare Capital LLC lifted its position in Republic Services by 68.5% during the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock worth $30,000 after buying an additional 50 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Republic Services during the 2nd quarter worth about $33,000. Finally, Hilltop National Bank acquired a new stake in shares of Republic Services in the second quarter valued at about $47,000. 57.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Republic Services

In related news, Director Katharine Weymouth acquired 478 shares of the 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 transaction, the director directly owned 5,740 shares in the company, valued at approximately $1,202,300.40. This trade 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 accessible through this hyperlink. 0.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company started coverage on shares of Republic Services in a research note on Thursday, November 13th. They set an “overweight” rating and a $238.00 price objective on the stock. Oppenheimer set a $256.00 price target on Republic Services in a report on Friday, October 31st. National Bankshares reduced their price target on Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. Bank of America dropped their price objective on shares of 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, Scotiabank lowered their price target on shares of Republic Services from $250.00 to $246.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Two investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $249.23.

Republic Services Trading Up 0.1%

NYSE:RSG opened at $210.99 on Friday. The stock has a market cap of $65.31 billion, a price-to-earnings ratio of 31.40, a PEG 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’s 50 day moving average price is $212.61 and its 200-day moving average price is $223.64. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75.

Republic Services (NYSE:RSG) last issued its earnings results 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 business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same period last year, the business posted $1.81 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

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