Nkcfo LLC Acquires Shares of 1,800 Republic Services, Inc. (RSG)

Nkcfo LLC acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,800 shares of the business services provider’s stock, valued at approximately $145,000.

Several other institutional investors also recently made changes to their positions in RSG. Oregon Public Employees Retirement Fund grew its stake in Republic Services by 13,200.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,319,168 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 3,294,212 shares during the period. Norges Bank acquired a new position in Republic Services in the fourth quarter valued at about $216,948,000. BlackRock Inc. grew its stake in Republic Services by 8.4% in the fourth quarter. BlackRock Inc. now owns 20,563,044 shares of the business services provider’s stock valued at $1,482,389,000 after acquiring an additional 1,600,885 shares during the period. Pactiv General Employee Benefit Trust acquired a new position in Republic Services in the fourth quarter valued at about $60,271,000. Finally, California Public Employees Retirement System grew its stake in Republic Services by 49.0% in the fourth quarter. California Public Employees Retirement System now owns 1,179,278 shares of the business services provider’s stock valued at $85,014,000 after acquiring an additional 387,583 shares during the period. 60.75% of the stock is owned by institutional investors and hedge funds.

NYSE:RSG traded up $0.44 on Thursday, reaching $79.04. The company’s stock had a trading volume of 1,077,376 shares, compared to its average volume of 1,273,757. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.96. The stock has a market cap of $25.28 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.76 and a beta of 0.58. Republic Services, Inc. has a 1-year low of $64.13 and a 1-year high of $81.20.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.02. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Republic Services had a return on equity of 12.84% and a net margin of 10.33%. Republic Services’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. Sell-side analysts forecast that Republic Services, Inc. will post 3.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, March 29th. This represents a $1.50 annualized dividend and a dividend yield of 1.90%. Republic Services’s dividend payout ratio is currently 48.54%.

A number of research analysts have issued reports on the company. Zacks Investment Research raised Republic Services from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Thursday, December 20th. UBS Group boosted their target price on Republic Services from $79.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $79.10.

In other news, Director Tomago Collins sold 4,102 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $80.59, for a total transaction of $330,580.18. Following the completion of the transaction, the director now directly owns 14,821 shares of the company’s stock, valued at $1,194,424.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey A. Hughes sold 10,118 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $80.40, for a total value of $813,487.20. The disclosure for this sale can be found here. Insiders have sold 19,700 shares of company stock valued at $1,581,097 over the last ninety days. 0.30% of the stock is owned by insiders.

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Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.

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

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