Republic Services, Inc. $RSG Stock Holdings Raised by Hohimer Wealth Management LLC

Key Points

• Hohimer Wealth Management increased its Republic Services stake by 68.2% in the third quarter, ending with 21,078 shares valued at about $4.42 million. Institutional investors collectively own 57.73% of the company’s stock.
• Republic Services beat quarterly earnings and revenue estimates, reporting EPS of $1.94 and revenue of $4.56 billion; revenue rose 8.2% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $249.32. The company also announced a quarterly dividend of $0.67 per share, a 1.1% yield at the article’s cited price.

Hohimer Wealth Management LLC lifted its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 68.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,078 shares of the business services provider's stock after acquiring an additional 8,547 shares during the period. Hohimer Wealth Management LLC's holdings in Republic Services were worth $4,424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in RSG. Focus Financial Network Inc. boosted its stake in Republic Services by 2.5% during the 2nd quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider's stock valued at $397,000 after purchasing an additional 46 shares during the last quarter. Secure Asset Management LLC raised its stake in shares of Republic Services by 3.3% in the third quarter. Secure Asset Management LLC now owns 1,455 shares of the business services provider's stock worth $305,000 after purchasing an additional 47 shares during the last quarter. AlphaCentric Advisors LLC raised its stake in shares of Republic Services by 5.9% in the first quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider's stock worth $198,000 after purchasing an additional 50 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Republic Services by 47.3% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider's stock valued at $35,000 after purchasing an additional 52 shares in the last quarter. Finally, Burford Brothers Inc. lifted its holdings in shares of Republic Services by 2.8% during the second quarter. Burford Brothers Inc. now owns 1,944 shares of the business services provider's stock valued at $414,000 after purchasing an additional 53 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Stock Down 0.0%

Republic Services stock opened at $246.75 on Monday. The stock has a market cap of $75.17 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 4.10 and a beta of 0.32. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.75 and a current ratio of 0.75. Republic Services, Inc. has a one year low of $196.41 and a one year high of $254.39. The stock has a fifty day moving average of $224.95 and a 200 day moving average of $217.69.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Thursday, October 29th. The business services provider reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $0.01. The company had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.42 billion. Republic Services had a return on equity of 18.56% and a net margin of 12.93%. Republic Services's revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.90 earnings per share. As a group, sell-side analysts predict that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, January 4th. Republic Services's dividend payout ratio is 37.07%.

Insider Buying and Selling at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 409,500 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average price of $221.49 per share, with a total value of $90,700,155.00. Following the completion of the acquisition, the insider owned 116,166,330 shares in the company, valued at $25,729,680,431.70. This represents a 0.35% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have purchased 5,992,798 shares of company stock valued at $1,324,092,981. 0.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on RSG. BMO Capital Markets set a $244.00 price objective on Republic Services in a research report on Thursday, October 15th. Sanford C. Bernstein boosted their target price on Republic Services from $220.00 to $227.00 and gave the stock a "market perform" rating in a research report on Monday, August 10th. JPMorgan Chase & Co. upped their target price on shares of Republic Services from $245.00 to $265.00 and gave the company a "neutral" rating in a research note on Friday, October 30th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Republic Services from $270.00 to $258.00 in a research note on Friday, October 9th. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $236.00 price target on shares of Republic Services in a report on Thursday, October 15th. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, Republic Services has a consensus rating of "Moderate Buy" and an average target price of $249.32.

About Republic Services

Republic Services, Inc provides waste collection, recycling and environmental services to residential, commercial, industrial and municipal customers across the United States. Its services include collecting and transporting waste, operating transfer stations and landfills, and processing recyclable materials.

The company also provides environmental solutions, including services for the management and disposal of hazardous and other specialized waste. Republic Services traces its origins to the 1990s and expanded its operations through the 2008 combination with Allied Waste Industries.

Headquartered in Phoenix, Arizona, Republic Services is led by Chief Executive Officer Jon Vander Ark.

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