14,950 Shares in Republic Services, Inc. $RSG Bought by M Holdings Securities Inc.

M Holdings Securities Inc. bought a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 14,950 shares of the business services provider’s stock, valued at approximately $3,168,000.

Other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in Republic Services during the fourth quarter valued at about $25,000. Wealth Watch Advisors INC bought a new position in Republic Services during the third quarter valued at about $26,000. Ameriflex Group Inc. bought a new position in Republic Services during the third quarter valued at about $29,000. Sound Income Strategies LLC bought a new position in Republic Services during the fourth quarter valued at about $32,000. Finally, Hilton Head Capital Partners LLC bought a new position in Republic Services during the fourth quarter valued at about $32,000. 57.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder Cascade Investment, L.L.C. bought 60,700 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average cost of $213.31 per share, with a total value of $12,947,917.00. Following the completion of the transaction, the insider directly owned 110,803,982 shares in the company, valued at $23,635,597,400.42. This represents a 0.05% 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. Insiders bought 987,150 shares of company stock worth $202,366,682 over the last 90 days. 0.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RSG shares. Weiss Ratings lowered Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. BMO Capital Markets cut their target price on Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Wells Fargo & Company raised their price target on Republic Services from $238.00 to $252.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Citigroup lowered their price target on Republic Services from $253.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Finally, Morgan Stanley lowered their price target on Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Eleven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $243.26.

Republic Services Trading Up 1.2%

Shares of NYSE:RSG opened at $212.65 on Thursday. The company has a market cap of $65.42 billion, a P/E ratio of 30.51, a P/E/G ratio of 3.46 and a beta of 0.41. The stock’s 50-day moving average is $209.27 and its 200-day moving average is $214.63. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $253.38. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.67 and a current ratio of 0.67.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same period last year, the business posted $1.58 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts predict that Republic Services, Inc. will post 7.28 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is 36.15%.

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.