400 Shares in Republic Services, Inc. (NYSE:RSG) Acquired by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 400 shares of the business services provider’s stock, valued at approximately $80,000.

Other institutional investors and hedge funds have also modified their holdings of the company. FSA Wealth Management LLC bought a new stake in Republic Services in the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC increased its stake in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 109 shares in the last quarter. Webster Bank N. A. bought a new stake in Republic Services in the third quarter valued at approximately $31,000. R Squared Ltd bought a new stake in Republic Services in the fourth quarter valued at approximately $32,000. Finally, Truvestments Capital LLC bought a new stake in Republic Services in the third quarter valued at approximately $34,000. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Up 0.4 %

Republic Services stock opened at $221.92 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. Republic Services, Inc. has a 52-week low of $171.06 and a 52-week high of $223.43. The firm has a 50 day moving average price of $210.01 and a two-hundred day moving average price of $206.36. The firm has a market cap of $69.50 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 3.24 and a beta of 0.74.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.05%. Republic Services’s dividend payout ratio is currently 37.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on RSG shares. Jefferies Financial Group upped their target price on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $211.00 to $238.00 in a report on Friday, December 6th. CIBC increased their price target on shares of Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and raised their price target for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $224.38.

Insider Activity

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

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.