Republic Services, Inc. $RSG Shares Acquired by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

Key Points

• United Super Pty Ltd boosted its stake in Republic Services by 14% in the fourth quarter, ending with 207,272 shares valued at about $43.9 million.
• Insider buying was notable: Cascade Investment purchased 366,000 shares for roughly $74.0 million, and insiders bought nearly 987,150 shares over the last 90 days.
• Republic Services reported better-than-expected quarterly results with EPS of $1.70 versus $1.64 expected, and it also announced a quarterly dividend of $0.625 per share, payable July 15.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 14.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,272 shares of the business services provider's stock after acquiring an additional 25,505 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned approximately 0.07% of Republic Services worth $43,927,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of RSG. Laurel Wealth Advisors LLC acquired a new stake in shares of Republic Services in the 4th quarter worth approximately $25,000. Wealth Watch Advisors INC acquired a new stake in shares of Republic Services in the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Republic Services by 121.8% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider's stock worth $28,000 after acquiring an additional 67 shares during the period. Ameriflex Group Inc. acquired a new stake in shares of Republic Services in the 3rd quarter worth approximately $29,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Republic Services in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Cascade Investment, L.L.C. acquired 366,000 shares of the business's stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $202.24 per share, with a total value of $74,019,840.00. Following the completion of the transaction, the insider directly owned 110,315,982 shares of the company's stock, valued at $22,310,304,199.68. This trade represents a 0.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 987,150 shares of company stock valued at $202,366,682 over the last 90 days. Company insiders own 0.12% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RSG shares. Wells Fargo & Company increased their target price on Republic Services from $238.00 to $252.00 and gave the company an "overweight" rating in a report on Wednesday, March 18th. Argus cut Republic Services from a "buy" rating to a "hold" rating in a report on Monday, May 11th. Citigroup lowered their target price on Republic Services from $253.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, May 12th. UBS Group lowered their target price on Republic Services from $240.00 to $223.00 and set a "neutral" rating on the stock in a report on Tuesday, May 12th. Finally, Robert W. Baird lowered their target price on Republic Services from $242.00 to $240.00 and set a "neutral" rating on the stock in a report on Thursday, April 16th. Eleven equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, Republic Services currently has an average rating of "Hold" and an average target price of $245.15.

Republic Services Trading Down 1.0%

NYSE:RSG opened at $203.58 on Friday. The business's 50-day moving average is $211.55 and its two-hundred day moving average is $214.90. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.67. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $258.75. The firm has a market capitalization of $62.63 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 3.38 and a beta of 0.43.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Friday, May 8th. The business services provider reported $1.70 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 analyst estimates of $4.10 billion. During the same period last year, the company posted $1.58 earnings per share. The firm's revenue was up 2.6% compared to the same quarter last year. Research analysts predict that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be given a $0.625 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.50 annualized dividend and a yield of 1.2%. Republic Services's dividend payout ratio (DPR) is 36.15%.

Republic Services Company 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.

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