PKS Advisory Services LLC Invests $221,000 in Republic Services, Inc. (NYSE:RSG)

PKS Advisory Services LLC acquired a new stake in Republic Services, Inc. (NYSE:RSG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,098 shares of the business services provider’s stock, valued at approximately $221,000.

A number of other large investors also recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. lifted its holdings in shares of Republic Services by 2.2% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock worth $445,000 after acquiring an additional 48 shares during the last quarter. Access Financial Services Inc. boosted its position in shares of Republic Services by 0.8% during the fourth quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock worth $1,243,000 after buying an additional 51 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Republic Services by 1.0% in the third quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider’s stock valued at $1,024,000 after buying an additional 52 shares in the last quarter. Tower Wealth Partners Inc. lifted its stake in Republic Services by 3.3% during the 4th quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider’s stock worth $341,000 after acquiring an additional 54 shares in the last quarter. Finally, First Commonwealth Financial Corp PA boosted its holdings in Republic Services by 1.5% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 3,721 shares of the business services provider’s stock valued at $747,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Buying and Selling

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at $2,376,931.20. This represents a 37.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. UBS Group boosted their price objective on Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Cibc World Mkts raised Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. William Blair reissued an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Finally, BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $236.88.

Republic Services Stock Performance

Shares of RSG stock opened at $237.91 on Wednesday. The stock’s fifty day simple moving average is $226.10 and its 200-day simple moving average is $213.16. The company has a market capitalization of $74.30 billion, a price-to-earnings ratio of 36.66, a P/E/G ratio of 3.64 and a beta of 0.73. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 1-year low of $180.92 and a 1-year high of $240.95.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. On average, sell-side analysts predict 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 will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is presently 35.75%.

About Republic Services

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.