Pennsylvania Trust Co Acquires Shares of 28,064 Republic Services, Inc. (NYSE:RSG)

Pennsylvania Trust Co acquired a new stake in Republic Services, Inc. (NYSE:RSG) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 28,064 shares of the business services provider’s stock, valued at approximately $357,000.

Several other hedge funds also recently added to or reduced their stakes in RSG. BlackRock Inc. lifted 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 last quarter. Vanguard Group Inc lifted its stake in shares of Republic Services by 0.6% in the third quarter. Vanguard Group Inc now owns 18,743,008 shares of the business services provider’s stock worth $1,361,867,000 after buying an additional 115,598 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Republic Services by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,206,334 shares of the business services provider’s stock worth $303,237,000 after buying an additional 118,090 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Republic Services by 9.3% in the fourth quarter. Geode Capital Management LLC now owns 3,819,787 shares of the business services provider’s stock worth $275,009,000 after buying an additional 324,355 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of 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 worth $46,000 after buying an additional 3,294,212 shares during the last quarter. Institutional investors own 60.75% of the company’s stock.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Republic Services from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Bank of America reissued a “neutral” rating and issued a $85.00 price target (up previously from $79.00) on shares of Republic Services in a report on Friday, April 26th. Stifel Nicolaus raised shares of Republic Services from a “hold” rating to a “buy” rating and boosted their price target for the company from $86.00 to $90.00 in a report on Monday, April 29th. Finally, UBS Group upped their target price on shares of Republic Services from $79.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $81.97.

In other news, CEO Donald W. Slager sold 69,966 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $82.66, for a total transaction of $5,783,389.56. Following the completion of the transaction, the chief executive officer now directly owns 287,610 shares of the company’s stock, valued at approximately $23,773,842.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Ark Jon Vander sold 19,278 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $82.33, for a total transaction of $1,587,157.74. The disclosure for this sale can be found here. Insiders sold a total of 151,575 shares of company stock worth $12,472,125 over the last quarter. 0.30% of the stock is currently owned by corporate insiders.

NYSE:RSG traded down $0.19 during mid-day trading on Wednesday, reaching $84.97. 960,491 shares of the company were exchanged, compared to its average volume of 1,243,007. Republic Services, Inc. has a 12 month low of $66.83 and a 12 month high of $85.40. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.86. The firm has a market cap of $27.28 billion, a P/E ratio of 27.50, a P/E/G ratio of 2.76 and a beta of 0.57.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, April 25th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Republic Services had a net margin of 10.25% and a return on equity of 12.72%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company posted $0.74 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts predict that Republic Services, Inc. will post 3.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a $0.375 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.77%. Republic Services’s dividend payout ratio is 48.54%.

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Republic Services 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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