Republic Services (RSG) Stake Decreased by Highlander Capital Management LLC
Highlander Capital Management LLC trimmed its position in shares of Republic Services (NYSE:RSG) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,200 shares of the business services provider’s stock after selling 1,000 shares during the quarter. Republic Services accounts for 1.1% of Highlander Capital Management LLC’s portfolio, making the stock its 14th largest position. Highlander Capital Management LLC’s holdings in Republic Services were worth $1,855,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of RSG. SeaCrest Wealth Management LLC bought a new stake in Republic Services during the 4th quarter worth about $121,000. Signaturefd LLC bought a new stake in Republic Services during the 1st quarter worth about $149,000. Tower Research Capital LLC TRC lifted its position in Republic Services by 1,070.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,937 shares of the business services provider’s stock worth $199,000 after buying an additional 2,686 shares in the last quarter. Focused Wealth Management Inc bought a new stake in Republic Services during the 4th quarter worth about $199,000. Finally, Schroder Investment Management Group lifted its position in Republic Services by 41.4% during the 4th quarter. Schroder Investment Management Group now owns 3,104 shares of the business services provider’s stock worth $210,000 after buying an additional 909 shares in the last quarter. 60.11% of the stock is currently owned by institutional investors and hedge funds.
In other Republic Services news, EVP Jeffrey A. Hughes sold 16,200 shares of the stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $68.00, for a total transaction of $1,101,600.00. Following the transaction, the executive vice president now owns 16,200 shares in the company, valued at approximately $1,101,600. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Ark Jon Vander sold 9,236 shares of the stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $68.45, for a total transaction of $632,204.20. Following the transaction, the chief operating officer now owns 12,011 shares in the company, valued at approximately $822,152.95. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
Republic Services traded up $0.30, reaching $69.03, on Thursday, according to MarketBeat Ratings. The company had a trading volume of 5,682 shares, compared to its average volume of 1,663,650. Republic Services has a fifty-two week low of $60.26 and a fifty-two week high of $69.67. The firm has a market cap of $22.54 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 2.02 and a beta of 0.55. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.53 and a current ratio of 0.53.
Republic Services (NYSE:RSG) last announced its quarterly earnings results on Wednesday, May 2nd. The business services provider reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.06. Republic Services had a net margin of 13.18% and a return on equity of 11.29%. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the business earned $0.55 EPS. Republic Services’s quarterly revenue was up 1.4% on a year-over-year basis. equities analysts forecast that Republic Services will post 3.07 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Monday, July 2nd will be given a dividend of $0.345 per share. The ex-dividend date is Friday, June 29th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.00%. Republic Services’s payout ratio is presently 56.79%.
Republic Services Company Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations; supply of waste containers; and renting of compactors.
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