Dean Capital Investments Management LLC decreased its position in Republic Services, Inc. (NYSE:RSG) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,582 shares of the business services provider’s stock after selling 277 shares during the quarter. Dean Capital Investments Management LLC’s holdings in Republic Services were worth $590,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Alpha Windward LLC bought a new position in shares of Republic Services in the fourth quarter valued at approximately $29,000. Usca Ria LLC bought a new position in Republic Services during the third quarter worth $45,000. CNB Bank bought a new position in Republic Services during the fourth quarter worth $49,000. Atlas Capital Advisors LLC bought a new position in Republic Services during the third quarter worth $50,000. Finally, Price Wealth LLC increased its position in Republic Services by 1,889.2% during the fourth quarter. Price Wealth LLC now owns 736 shares of the business services provider’s stock worth $66,000 after acquiring an additional 699 shares during the period. 58.35% of the stock is currently owned by institutional investors.
In other news, CAO Brian A. Goebel sold 2,000 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $91.78, for a total value of $183,560.00. Following the sale, the chief accounting officer now owns 8,186 shares in the company, valued at approximately $751,311.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Welborn John 3,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. Insiders have sold 8,000 shares of company stock worth $740,720 in the last quarter. Corporate insiders own 0.30% of the company’s stock.
Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.02. Republic Services had a net margin of 10.42% and a return on equity of 13.44%. The firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.62 billion. On average, equities research analysts expect that Republic Services, Inc. will post 3.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.405 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.62 dividend on an annualized basis and a yield of 1.62%. Republic Services’s dividend payout ratio is currently 48.50%.
A number of equities analysts recently issued reports on RSG shares. Jefferies Financial Group started coverage on shares of Republic Services in a research report on Wednesday, November 27th. They set a “buy” rating and a $100.00 target price on the stock. BMO Capital Markets boosted their target price on shares of Republic Services from $98.00 to $101.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Bank of America lowered shares of Republic Services from a “buy” rating to a “neutral” rating and set a $95.00 target price on the stock. in a research report on Friday, January 10th. CIBC started coverage on shares of Republic Services in a research report on Tuesday, December 17th. They set a “neutral” rating and a $99.00 target price on the stock. Finally, Deutsche Bank boosted their target price on shares of Republic Services from $96.00 to $102.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $95.20.
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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