TruNorth Capital Management LLC Sells 165 Shares of Republic Services, Inc. (NYSE:RSG)

TruNorth Capital Management LLC reduced its position in shares of Republic Services, Inc. (NYSE:RSG) by 26.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 466 shares of the business services provider’s stock after selling 165 shares during the period. TruNorth Capital Management LLC’s holdings in Republic Services were worth $94,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RSG. Bank of New York Mellon Corp increased its stake in shares of Republic Services by 11.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,587,516 shares of the business services provider’s stock valued at $319,376,000 after purchasing an additional 158,491 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in Republic Services by 3.3% in the fourth quarter. Capital Advisors Ltd. LLC now owns 2,048 shares of the business services provider’s stock valued at $412,000 after buying an additional 65 shares in the last quarter. Delta Financial Group Inc. bought a new position in Republic Services in the fourth quarter valued at about $213,000. Howard Capital Management Inc. raised its stake in Republic Services by 5.9% during the fourth quarter. Howard Capital Management Inc. now owns 1,231 shares of the business services provider’s stock worth $248,000 after acquiring an additional 69 shares in the last quarter. Finally, TCW Group Inc. lifted its holdings in shares of Republic Services by 68.7% in the fourth quarter. TCW Group Inc. now owns 193,282 shares of the business services provider’s stock worth $38,884,000 after acquiring an additional 78,700 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now owns 879 shares in the company, valued at $189,222.33. This represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RSG. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. UBS Group boosted their target price on shares of Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. CIBC increased their price target on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Stifel Nicolaus boosted their price objective on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Argus set a $260.00 target price on Republic Services in a report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $233.41.

Republic Services Trading Up 0.8 %

RSG opened at $232.67 on Tuesday. The company has a market cap of $72.66 billion, a P/E ratio of 35.85, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. The company has a fifty day moving average price of $213.36 and a two-hundred day moving average price of $208.86. 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 $180.91 and a 1-year high of $233.42.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the business earned $1.41 EPS. Analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s payout ratio is currently 35.75%.

Republic Services 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.