Newbridge Financial Services Group Inc. Buys Shares of 879 Republic Services, Inc. (NYSE:RSG)

Newbridge Financial Services Group Inc. purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 4th quarter, Holdings Channel reports. The firm purchased 879 shares of the business services provider’s stock, valued at approximately $177,000.

A number of other institutional investors have also made changes to their positions in RSG. Stoneridge Investment Partners LLC increased its stake in Republic Services by 5.5% in the 4th quarter. Stoneridge Investment Partners LLC now owns 6,556 shares of the business services provider’s stock valued at $1,319,000 after buying an additional 342 shares during the last quarter. Empowered Funds LLC increased its position in shares of Republic Services by 9.2% in the fourth quarter. Empowered Funds LLC now owns 16,571 shares of the business services provider’s stock valued at $3,324,000 after acquiring an additional 1,399 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Republic Services by 17.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,224 shares of the business services provider’s stock worth $1,252,000 after acquiring an additional 921 shares in the last quarter. EULAV Asset Management boosted its position in Republic Services by 41.7% during the fourth quarter. EULAV Asset Management now owns 390,458 shares of the business services provider’s stock valued at $78,552,000 after purchasing an additional 115,000 shares during the last quarter. Finally, Triasima Portfolio Management inc. grew its stake in Republic Services by 10.9% in the fourth quarter. Triasima Portfolio Management inc. now owns 16,151 shares of the business services provider’s stock valued at $3,249,000 after purchasing an additional 1,586 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

In other news, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction dated 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 directly owns 6,318 shares in the company, valued at $1,326,906.36. This trade represents a 44.53 % 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.

Republic Services Trading Down 0.3 %

Shares of Republic Services stock opened at $220.91 on Monday. Republic Services, Inc. has a 52-week low of $171.06 and a 52-week high of $222.65. The stock has a market cap of $69.18 billion, a PE ratio of 35.35, a PEG ratio of 3.24 and a beta of 0.74. The firm has a 50-day moving average of $210.01 and a 200-day moving average of $206.31. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on RSG. Royal Bank of Canada raised 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 report on Monday, January 6th. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $211.00 to $238.00 in a research report on Friday, December 6th. CIBC upped their target price on shares of Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Morgan Stanley lifted their price target on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group upped their price objective on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $224.38.

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.