Ayrshire Capital Management LLC Boosts Stock Position in Republic Services, Inc. (NYSE:RSG)

Ayrshire Capital Management LLC lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,449 shares of the business services provider’s stock after acquiring an additional 908 shares during the period. Republic Services accounts for approximately 2.8% of Ayrshire Capital Management LLC’s portfolio, making the stock its 19th biggest position. Ayrshire Capital Management LLC’s holdings in Republic Services were worth $5,723,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FSA Wealth Management LLC acquired a new position in shares of Republic Services in the third quarter worth $25,000. Wolff Wiese Magana LLC grew its position in shares of Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after buying an additional 109 shares during the last quarter. Webster Bank N. A. acquired a new stake in shares of Republic Services in the 3rd quarter valued at about $31,000. Truvestments Capital LLC acquired a new position in shares of Republic Services in the 3rd quarter valued at $34,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Republic Services in the second quarter valued at about $36,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity at Republic Services

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RSG shares. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and boosted their price target for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Morgan Stanley boosted their price objective on shares of Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Oppenheimer increased their target price 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 Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Finally, William Blair started coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $221.12.

Republic Services Stock Up 0.3 %

NYSE:RSG opened at $206.98 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a 50-day simple moving average of $209.00 and a 200 day simple moving average of $204.11. Republic Services, Inc. has a one year low of $165.06 and a one year high of $220.58. The company has a market capitalization of $64.82 billion, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 3.30 and a beta of 0.73.

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

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, January 2nd. Republic Services’s payout ratio is 37.12%.

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.