Kirtland Hills Capital Management LLC Has $1.62 Million Position in Republic Services, Inc. (NYSE:RSG)

Kirtland Hills Capital Management LLC lifted its position in Republic Services, Inc. (NYSE:RSG) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,057 shares of the business services provider’s stock after buying an additional 102 shares during the quarter. Republic Services comprises approximately 1.0% of Kirtland Hills Capital Management LLC’s holdings, making the stock its 29th largest position. Kirtland Hills Capital Management LLC’s holdings in Republic Services were worth $1,621,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of RSG. Wellington Management Group LLP lifted its position in Republic Services by 23.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock worth $1,205,883,000 after acquiring an additional 1,131,850 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Republic Services by 1.7% during the third quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider’s stock worth $903,316,000 after buying an additional 73,207 shares during the last quarter. Nordea Investment Management AB raised its stake in Republic Services by 19.4% during the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock valued at $626,553,000 after purchasing an additional 509,116 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Republic Services by 1.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,546,088 shares of the business services provider’s stock valued at $509,462,000 after purchasing an additional 25,350 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in Republic Services by 437.9% during the 3rd quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after purchasing an additional 1,477,255 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Trading Up 0.3 %

RSG stock opened at $233.50 on Wednesday. Republic Services, Inc. has a fifty-two week low of $180.91 and a fifty-two week high of $234.03. The stock has a market capitalization of $72.92 billion, a price-to-earnings ratio of 35.98, a P/E/G 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. The business has a fifty day moving average price of $213.92 and a 200 day moving average price of $209.09.

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

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio is currently 35.75%.

Insider Activity at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the sale, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. Stifel Nicolaus upped their target price on Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Argus set a $260.00 target price on Republic Services in a research note on Tuesday, February 18th. Finally, CIBC increased their price objective 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. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and an average target price of $233.41.

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.