Godshalk Welsh Capital Management Inc. Has $362,000 Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Godshalk Welsh Capital Management Inc. reduced its holdings in Republic Services, Inc. (NYSE:RSG) by 7.7% in the fourth quarter, HoldingsChannel reports. The firm owned 1,800 shares of the business services provider’s stock after selling 150 shares during the period. Godshalk Welsh Capital Management Inc.’s holdings in Republic Services were worth $362,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. lifted its position in shares of Republic Services by 25.1% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,058 shares of the business services provider’s stock valued at $413,000 after acquiring an additional 413 shares during the period. Cerity Partners LLC boosted its position in shares of Republic Services by 60.1% during the 3rd quarter. Cerity Partners LLC now owns 32,219 shares of the business services provider’s stock worth $6,471,000 after purchasing an additional 12,100 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Republic Services by 11.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 26,310 shares of the business services provider’s stock valued at $5,284,000 after buying an additional 2,786 shares during the period. DRW Securities LLC bought a new stake in Republic Services in the 3rd quarter valued at about $399,000. Finally, Truvestments Capital LLC acquired a new position in Republic Services during the 3rd quarter worth approximately $34,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RSG shares. UBS Group boosted their price objective on Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. William Blair restated an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. Jefferies Financial Group lifted their price objective on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. CIBC upgraded shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 target price on the stock in a report on Tuesday, March 4th. Finally, BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $236.88.

Insider Activity at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the transaction, the chief operating officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.

Republic Services Price Performance

RSG opened at $237.79 on Thursday. Republic Services, Inc. has a fifty-two week low of $180.92 and a fifty-two week high of $240.95. The firm has a 50-day moving average of $226.67 and a 200 day moving average of $213.33. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The firm has a market cap of $74.26 billion, a P/E ratio of 36.64, a PEG ratio of 3.64 and a beta of 0.73.

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

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.98%. Republic Services’s payout ratio is 35.75%.

Republic Services 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.