Marks Group Wealth Management Inc Has $15.93 Million Position in Republic Services, Inc. (NYSE:RSG)

Marks Group Wealth Management Inc lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,314 shares of the business services provider’s stock after purchasing an additional 1,246 shares during the period. Republic Services accounts for 1.5% of Marks Group Wealth Management Inc’s holdings, making the stock its 7th biggest position. Marks Group Wealth Management Inc’s holdings in Republic Services were worth $15,929,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in RSG. Wolff Wiese Magana LLC lifted its holdings in Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 109 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Republic Services during the 1st quarter worth about $29,000. Webster Bank N. A. bought a new stake in shares of Republic Services during the 3rd quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new position in Republic Services in the 2nd quarter valued at about $36,000. Finally, Indiana Trust & Investment Management CO bought a new position in Republic Services in the 2nd quarter valued at about $45,000. 57.73% of the stock is owned by institutional investors.

Insider Transactions at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the transaction, the director now directly owns 17,486 shares of the company’s stock, valued at $3,549,832.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RSG shares. Oppenheimer lifted their price target on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. William Blair started coverage on shares of Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Royal Bank of Canada boosted their price objective on shares of Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their target price on shares of Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, Robert W. Baird boosted their price target on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $215.71.

Republic Services Price Performance

Republic Services stock opened at $202.10 on Wednesday. The firm has a market cap of $63.29 billion, a P/E ratio of 32.34, a P/E/G ratio of 3.04 and a beta of 0.70. The stock’s 50 day moving average is $203.21 and its 200 day moving average is $197.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a one year low of $153.13 and a one year high of $208.69.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the firm earned $1.54 earnings per share. Republic Services’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts expect that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s payout ratio is 37.12%.

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.