Axecap Investments LLC Increases Holdings in Republic Services, Inc. (NYSE:RSG)

Axecap Investments LLC increased its stake in Republic Services, Inc. (NYSE:RSG) by 11.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,905 shares of the business services provider’s stock after buying an additional 1,622 shares during the quarter. Republic Services makes up about 2.4% of Axecap Investments LLC’s portfolio, making the stock its 18th largest position. Axecap Investments LLC’s holdings in Republic Services were worth $3,200,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. boosted its stake in Republic Services by 2.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock valued at $445,000 after buying an additional 48 shares during the period. Simmons Bank boosted its stake in Republic Services by 2.8% during the third quarter. Simmons Bank now owns 1,895 shares of the business services provider’s stock valued at $381,000 after buying an additional 51 shares during the period. Access Financial Services Inc. boosted its stake in Republic Services by 0.8% during the fourth quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock valued at $1,243,000 after buying an additional 51 shares during the period. Hantz Financial Services Inc. boosted its stake in Republic Services by 1.0% during the third quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider’s stock valued at $1,024,000 after buying an additional 52 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in Republic Services by 16.5% during the third quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider’s stock valued at $77,000 after buying an additional 54 shares during the period. Institutional investors own 57.73% of the company’s stock.

Insider Activity at Republic Services

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

Republic Services Trading Up 0.4 %

NYSE RSG opened at $221.92 on Tuesday. Republic Services, Inc. has a 1-year low of $171.06 and a 1-year high of $223.43. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a 50-day moving average of $210.01 and a 200-day moving average of $206.36. The firm has a market cap of $69.50 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74.

Republic Services Dividend Announcement

The firm 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 dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.05%. Republic Services’s dividend payout ratio is presently 37.12%.

Wall Street Analysts Forecast Growth

RSG has been the subject of several research analyst reports. CIBC lifted their price objective on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Oppenheimer lifted their price target on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. 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 research note on Thursday, December 12th. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Finally, BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and an average target price of $224.38.

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.