Republic Services, Inc. (NYSE:RSG) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its holdings in Republic Services, Inc. (NYSE:RSGFree Report) by 31.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,427 shares of the business services provider’s stock after purchasing an additional 2,026 shares during the period. Oppenheimer & Co. Inc.’s holdings in Republic Services were worth $1,390,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RSG. Capital World Investors lifted its position in shares of Republic Services by 416.9% during the 4th quarter. Capital World Investors now owns 6,562,420 shares of the business services provider’s stock worth $1,082,209,000 after buying an additional 5,292,862 shares during the last quarter. Norges Bank purchased a new position in Republic Services during the 4th quarter worth $358,837,000. Magellan Asset Management Ltd raised its position in Republic Services by 1,497,159.0% during the 3rd quarter. Magellan Asset Management Ltd now owns 913,328 shares of the business services provider’s stock worth $130,158,000 after buying an additional 913,267 shares during the last quarter. FMR LLC raised its position in Republic Services by 34.4% during the 3rd quarter. FMR LLC now owns 2,202,405 shares of the business services provider’s stock worth $313,865,000 after buying an additional 563,761 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in Republic Services during the 4th quarter worth $77,417,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Buying and Selling at Republic Services

In related news, Director Katharine Weymouth bought 540 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were bought at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the purchase, the director now owns 540 shares of the company’s stock, valued at approximately $100,040.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the sale, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Katharine Weymouth acquired 540 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the purchase, the director now owns 540 shares of the company’s stock, valued at $100,040.40. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.

Republic Services Stock Up 0.4 %

RSG stock opened at $187.72 on Tuesday. Republic Services, Inc. has a twelve month low of $140.23 and a twelve month high of $196.76. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $59.12 billion, a P/E ratio of 32.93, a PEG ratio of 3.14 and a beta of 0.68. The firm has a 50 day simple moving average of $187.90 and a 200-day simple moving average of $178.43.

Republic Services (NYSE:RSGGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 earnings per share. On average, equities research analysts predict that Republic Services, Inc. will post 6.05 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s dividend payout ratio is presently 37.54%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Scotiabank raised their price target on shares of Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 1st. Morgan Stanley cut 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. Citigroup raised their price target on shares of Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, Oppenheimer raised their price target on shares of Republic Services from $202.00 to $204.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.14.

Read Our Latest Stock Analysis on RSG

About Republic Services

(Free Report)

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.

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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