SVB Wealth LLC Has $1.15 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

SVB Wealth LLC cut its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 8.5% in the fourth quarter, HoldingsChannel reports. The fund owned 6,989 shares of the business services provider’s stock after selling 647 shares during the quarter. SVB Wealth LLC’s holdings in Republic Services were worth $1,153,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in RSG. D.A. Davidson & CO. bought a new position in shares of Republic Services in the first quarter worth about $203,000. Synovus Financial Corp raised its position in Republic Services by 1.9% in the first quarter. Synovus Financial Corp now owns 14,255 shares of the business services provider’s stock worth $1,890,000 after purchasing an additional 260 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in Republic Services by 34.6% during the first quarter. Vontobel Holding Ltd. now owns 3,885 shares of the business services provider’s stock worth $523,000 after purchasing an additional 998 shares during the period. Blair William & Co. IL boosted its holdings in Republic Services by 1.6% during the first quarter. Blair William & Co. IL now owns 31,162 shares of the business services provider’s stock valued at $4,129,000 after purchasing an additional 495 shares in the last quarter. Finally, Moors & Cabot Inc. grew its stake in shares of Republic Services by 2.9% in the 1st quarter. Moors & Cabot Inc. now owns 6,726 shares of the business services provider’s stock valued at $891,000 after purchasing an additional 187 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on RSG shares. Citigroup boosted their price target on Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Oppenheimer lifted their price objective on Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Jefferies Financial Group raised their price objective on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Royal Bank of Canada began coverage on shares of Republic Services in a research note on Monday, April 8th. They set a “sector perform” rating and a $198.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price objective on shares of Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and an average price target of $199.77.

Insider Activity

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the sale, the chief executive officer now directly owns 85,113 shares in the company, valued at approximately $15,669,303.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by company insiders.

Republic Services Trading Down 0.0 %

NYSE:RSG opened at $188.94 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $59.51 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 3.30 and a beta of 0.68. The business’s 50-day moving average price is $185.57 and its two-hundred day moving average price is $168.49. Republic Services, Inc. has a 1-year low of $135.33 and a 1-year high of $192.57.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.13. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period last year, the business posted $1.13 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Republic Services, Inc. will post 6.01 earnings per share for the current year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were issued a $0.535 dividend. The ex-dividend date was Monday, April 1st. This represents a $2.14 annualized dividend and a dividend yield of 1.13%. Republic Services’s dividend payout ratio (DPR) is currently 39.12%.

Republic Services Company Profile

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.