Republic Services, Inc. $RSG Shares Acquired by Aberdeen Group plc

Aberdeen Group plc lifted its stake in Republic Services, Inc. (NYSE:RSG) by 8.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 132,888 shares of the business services provider’s stock after acquiring an additional 10,589 shares during the quarter. Aberdeen Group plc’s holdings in Republic Services were worth $30,613,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in RSG. Brighton Jones LLC grew its stake in shares of Republic Services by 75.8% in the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after buying an additional 8,547 shares in the last quarter. Harbour Investments Inc. grew its position in Republic Services by 25.7% in the 2nd quarter. Harbour Investments Inc. now owns 2,149 shares of the business services provider’s stock valued at $530,000 after acquiring an additional 439 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in Republic Services by 65.7% during the second quarter. Chicago Partners Investment Group LLC now owns 1,319 shares of the business services provider’s stock worth $321,000 after purchasing an additional 523 shares during the period. Stephens Inc. AR lifted its position in shares of Republic Services by 2.9% during the second quarter. Stephens Inc. AR now owns 18,224 shares of the business services provider’s stock worth $4,494,000 after purchasing an additional 512 shares in the last quarter. Finally, Accretive Wealth Partners LLC boosted its stake in shares of Republic Services by 0.9% in the second quarter. Accretive Wealth Partners LLC now owns 11,989 shares of the business services provider’s stock valued at $2,957,000 after purchasing an additional 102 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insiders Place Their Bets

In other news, Director Katharine Weymouth acquired 478 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was bought at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the transaction, the director owned 5,740 shares in the company, valued at $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RSG. Robert W. Baird set a $240.00 target price on shares of Republic Services in a research note on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. Sanford C. Bernstein lifted their target price on Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a report on Monday, January 5th. UBS Group set a $220.00 price target on Republic Services in a report on Monday, January 5th. Finally, The Goldman Sachs Group assumed coverage on Republic Services in a research note on Monday, November 24th. They issued a “buy” rating and a $255.00 price objective for the company. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.82.

Republic Services Trading Up 0.9%

NYSE RSG opened at $222.92 on Tuesday. Republic Services, Inc. has a one year low of $201.42 and a one year high of $258.75. The firm has a market cap of $69.01 billion, a PE ratio of 33.17, a P/E/G ratio of 3.64 and a beta of 0.54. The firm’s fifty day moving average is $214.59 and its two-hundred day moving average is $220.17. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is currently 37.20%.

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.