Generali Asset Management SPA SGR Acquires New Holdings in Republic Services, Inc. (NYSE:RSG)

Generali Asset Management SPA SGR bought a new stake in Republic Services, Inc. (NYSE:RSG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 222 shares of the business services provider’s stock, valued at approximately $45,000.

Other institutional investors have also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in Republic Services in the 3rd quarter valued at approximately $25,000. Arcadia Investment Management Corp MI lifted its stake in Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 88 shares in the last quarter. R Squared Ltd bought a new stake in Republic Services in the 4th quarter valued at approximately $32,000. Truvestments Capital LLC bought a new stake in Republic Services in the 3rd quarter valued at approximately $34,000. Finally, Bank of Jackson Hole Trust bought a new stake in Republic Services in the 4th quarter valued at approximately $48,000. Institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Argus set a $260.00 price objective on Republic Services in a research note on Tuesday, February 18th. Jefferies Financial Group upped their price objective on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. William Blair reiterated an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. The Goldman Sachs Group upped their price objective on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Cibc World Mkts upgraded Republic Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $236.88.

Insider Transactions at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by insiders.

Republic Services Stock Performance

Shares of NYSE RSG opened at $232.95 on Friday. 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 stock’s fifty day moving average price is $224.90 and its two-hundred day moving average price is $212.62. Republic Services, Inc. has a one year low of $180.92 and a one year high of $240.95. The firm has a market cap of $72.75 billion, a price-to-earnings ratio of 35.89, a P/E/G ratio of 3.64 and a beta of 0.73.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. The firm had revenue of $4.05 billion for 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 in the prior year, the firm posted $1.41 EPS. On average, equities analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is currently 35.75%.

About Republic Services

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.