1,700 Shares in Republic Services, Inc. $RSG Acquired by SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) during the second quarter, Holdings Channel reports. The fund purchased 1,700 shares of the business services provider’s stock, valued at approximately $402,000. Republic Services accounts for approximately 0.3% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co’s portfolio, making the stock its 26th biggest holding.

A number of other institutional investors have also modified their holdings of RSG. Saturna Capital Corp raised its holdings in shares of Republic Services by 1.1% in the 2nd quarter. Saturna Capital Corp now owns 7,315 shares of the business services provider’s stock valued at $1,804,000 after buying an additional 80 shares during the period. Empirical Finance LLC grew its position in Republic Services by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider’s stock valued at $1,783,000 after acquiring an additional 47 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in Republic Services by 1.0% during the second quarter. TD Waterhouse Canada Inc. now owns 15,124 shares of the business services provider’s stock worth $3,698,000 after purchasing an additional 147 shares during the period. Wealthspire Advisors LLC lifted its position in shares of Republic Services by 354.4% during the second quarter. Wealthspire Advisors LLC now owns 4,558 shares of the business services provider’s stock worth $1,124,000 after purchasing an additional 3,555 shares in the last quarter. Finally, Inspire Advisors LLC purchased a new position in shares of Republic Services in the second quarter valued at approximately $589,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Services

In other news, EVP Gregg Brummer sold 7,338 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the completion of the sale, the executive vice president owned 4,060 shares in the company, valued at approximately $949,796.40. The trade was a 64.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

Republic Services Stock Performance

Shares of RSG stock opened at $217.50 on Thursday. The company has a market cap of $67.33 billion, a P/E ratio of 32.17, a PEG ratio of 3.40 and a beta of 0.57. The firm has a fifty day moving average price of $219.35 and a 200 day moving average price of $234.32. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12 month low of $199.43 and a 12 month high of $258.75.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.12. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same period in the previous year, the business earned $1.81 EPS. Republic Services’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is presently 37.20%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Citigroup dropped their price target on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 price objective on shares of Republic Services in a research report on Friday, October 31st. Stifel Nicolaus decreased their target price on Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Wells Fargo & Company initiated coverage on Republic Services in a report on Thursday, November 13th. They set an “overweight” rating and a $238.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $250.91.

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.