Republic Services, Inc. (NYSE:RSG) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its position in shares of Republic Services, Inc. (NYSE:RSG) by 3.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,224 shares of the business services provider’s stock after acquiring an additional 238 shares during the period. Fisher Asset Management LLC’s holdings in Republic Services were worth $1,655,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RSG. FSA Wealth Management LLC acquired a new stake in shares of Republic Services in the third quarter valued at approximately $25,000. Arcadia Investment Management Corp MI grew its holdings in Republic Services by 200.0% in the 4th 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 bought a new stake in Republic Services during the 4th quarter valued at $32,000. Truvestments Capital LLC acquired a new position in Republic Services during the 3rd quarter worth $34,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Republic Services in the third quarter worth $39,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Performance

Shares of RSG opened at $235.66 on Thursday. The company has a 50-day moving average of $217.74 and a two-hundred day moving average of $210.45. The stock has a market cap of $73.59 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 3.64 and a beta of 0.74. 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 $180.91 and a one year high of $240.95.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the business posted $1.41 EPS. On average, equities research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s payout ratio is 35.75%.

Insider Buying and Selling

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares of the company’s stock, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

RSG has been the subject of several research analyst reports. UBS Group upped their price objective on shares of Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Morgan Stanley increased their price objective on shares of Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. The Goldman Sachs Group increased their price target on Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group boosted their price objective on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $236.88.

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.