Republic Services, Inc. (NYSE:RSG) Shares Purchased by Buffington Mohr McNeal

Buffington Mohr McNeal grew its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 35.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,949 shares of the business services provider's stock after acquiring an additional 6,230 shares during the quarter. Buffington Mohr McNeal's holdings in Republic Services were worth $3,949,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Parcion Private Wealth LLC boosted its holdings in shares of Republic Services by 0.3% in the 4th quarter. Parcion Private Wealth LLC now owns 23,808 shares of the business services provider's stock valued at $3,926,000 after buying an additional 68 shares in the last quarter. Stokes Family Office LLC raised its position in Republic Services by 2.2% during the 3rd quarter. Stokes Family Office LLC now owns 3,209 shares of the business services provider's stock worth $457,000 after buying an additional 70 shares during the last quarter. WASHINGTON TRUST Co raised its position in Republic Services by 4.5% during the 4th quarter. WASHINGTON TRUST Co now owns 1,620 shares of the business services provider's stock worth $267,000 after buying an additional 70 shares during the last quarter. FinTrust Capital Advisors LLC increased its holdings in shares of Republic Services by 56.3% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider's stock valued at $28,000 after purchasing an additional 71 shares in the last quarter. Finally, Greenleaf Trust increased its holdings in shares of Republic Services by 1.6% during the 3rd quarter. Greenleaf Trust now owns 4,504 shares of the business services provider's stock valued at $642,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Price Performance

Shares of RSG stock traded up $0.23 during mid-day trading on Tuesday, reaching $187.47. The stock had a trading volume of 1,479,865 shares, compared to its average volume of 1,185,647. 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 company has a market cap of $59.05 billion, a P/E ratio of 34.52, a price-to-earnings-growth ratio of 3.29 and a beta of 0.68. Republic Services, Inc. has a 12-month low of $135.33 and a 12-month high of $192.57. The business has a 50-day simple moving average of $184.72 and a 200 day simple moving average of $167.88.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.13. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.13 earnings per share. On average, sell-side analysts anticipate that Republic Services, Inc. will post 6 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Monday, April 1st. Republic Services's dividend payout ratio is currently 39.12%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Republic Services from $175.00 to $187.00 and gave the company a "buy" rating in a research note on Tuesday, December 19th. BMO Capital Markets boosted their price objective on shares of Republic Services from $173.00 to $195.00 and gave the company a "market perform" rating in a report on Wednesday, February 28th. Citigroup boosted their price objective on shares of Republic Services from $190.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, February 29th. The Goldman Sachs Group boosted their price target on shares of Republic Services from $209.00 to $230.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Morgan Stanley lowered shares of Republic Services from an "overweight" rating to an "equal weight" rating and set a $199.00 price target on the stock. in a research note on Friday, March 15th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $199.77.

Insider Activity

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the transaction, the chief executive officer now directly owns 85,113 shares of the company's stock, valued at approximately $15,669,303.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.09% of the company's stock.

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.