MGO One Seven LLC Grows Stake in Republic Services, Inc. (NYSE:RSG)

MGO One Seven LLC grew its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 125.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,075 shares of the business services provider's stock after acquiring an additional 3,941 shares during the quarter. MGO One Seven LLC's holdings in Republic Services were worth $1,424,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of RSG. Arcadia Investment Management Corp MI grew its holdings in shares of Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after buying an additional 88 shares in the last quarter. R Squared Ltd acquired a new position in shares of Republic Services in the fourth quarter valued at about $32,000. New Age Alpha Advisors LLC grew its stake in shares of Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after acquiring an additional 73 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Republic Services in the fourth quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Republic Services in the fourth quarter valued at about $48,000. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Gregg Brummer sold 6,293 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by corporate insiders.

Republic Services Price Performance

NYSE:RSG traded down $1.84 during trading hours on Thursday, hitting $248.91. The stock had a trading volume of 323,429 shares, compared to its average volume of 1,112,335. The company has a 50 day simple moving average of $237.95 and a two-hundred day simple moving average of $220.38. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. Republic Services, Inc. has a one year low of $180.92 and a one year high of $251.70. The firm has a market capitalization of $77.78 billion, a price-to-earnings ratio of 38.33, a P/E/G ratio of 3.64 and a beta of 0.62.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.05. The firm had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $1.45 EPS. Research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a yield of 0.93%. Republic Services's payout ratio is 34.99%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RSG shares. CIBC raised shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective for the company in a research report on Tuesday, March 4th. Cibc World Mkts raised shares of Republic Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. William Blair reissued an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. Argus set a $260.00 target price on shares of Republic Services in a report on Tuesday, February 18th. Finally, Robert W. Baird raised their price objective on shares of Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $249.00.

About Republic Services

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.