Kathmere Capital Management LLC Acquires 168 Shares of Republic Services, Inc. (NYSE:RSG)

Kathmere Capital Management LLC grew its stake in Republic Services, Inc. (NYSE:RSG) by 5.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,546 shares of the business services provider’s stock after buying an additional 168 shares during the quarter. Kathmere Capital Management LLC’s holdings in Republic Services were worth $713,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. FSA Wealth Management LLC acquired a new position in Republic Services in the 3rd quarter worth $25,000. Wolff Wiese Magana LLC boosted its position in shares of Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after buying an additional 109 shares during the period. Webster Bank N. A. bought a new position in shares of Republic Services during the third quarter worth about $31,000. Truvestments Capital LLC acquired a new stake in Republic Services in the 3rd quarter valued at approximately $34,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Republic Services during the 2nd quarter worth approximately $36,000. Institutional investors own 57.73% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. This represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Republic Services Trading Up 1.3 %

Shares of RSG stock opened at $209.66 on Thursday. Republic Services, Inc. has a 12-month low of $165.06 and a 12-month high of $220.58. The company has a market capitalization of $65.66 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 3.30 and a beta of 0.73. The firm has a 50 day moving average price of $209.10 and a two-hundred day moving average price of $204.20. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.20. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 EPS. As a group, analysts predict that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Thursday, January 2nd. Republic Services’s dividend payout ratio is currently 37.12%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RSG. Oppenheimer lifted their price objective on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. CIBC boosted their price target on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and lifted their target price for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. William Blair assumed coverage on Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Finally, Scotiabank began coverage on Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price target on the stock. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $221.12.

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.