Sequoia Financial Advisors LLC Has $853,000 Stake in Republic Services, Inc. (NYSE:RSG)

Sequoia Financial Advisors LLC lifted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 29.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,242 shares of the business services provider’s stock after acquiring an additional 973 shares during the period. Sequoia Financial Advisors LLC’s holdings in Republic Services were worth $853,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RSG. Saturna Capital Corp lifted its holdings in Republic Services by 11.8% during the fourth quarter. Saturna Capital Corp now owns 7,130 shares of the business services provider’s stock worth $1,434,000 after acquiring an additional 753 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Republic Services by 0.4% during the fourth quarter. HighTower Advisors LLC now owns 27,461 shares of the business services provider’s stock worth $5,525,000 after acquiring an additional 102 shares in the last quarter. Prosperity Financial Group Inc. lifted its holdings in Republic Services by 9.9% during the fourth quarter. Prosperity Financial Group Inc. now owns 3,888 shares of the business services provider’s stock worth $782,000 after acquiring an additional 350 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in Republic Services by 6.6% during the fourth quarter. King Luther Capital Management Corp now owns 54,625 shares of the business services provider’s stock worth $10,989,000 after acquiring an additional 3,380 shares in the last quarter. Finally, Independent Advisor Alliance lifted its holdings in Republic Services by 3.8% during the fourth quarter. Independent Advisor Alliance now owns 10,428 shares of the business services provider’s stock worth $2,098,000 after acquiring an additional 378 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insiders Place Their Bets

In other news, COO Gregg Brummer sold 6,293 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares in the company, valued at $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RSG. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and lifted their target price for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. The Goldman Sachs Group lifted their price target on Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Jefferies Financial Group lifted their price target on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, UBS Group lifted their price target on Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $236.88.

Republic Services Price Performance

NYSE:RSG opened at $232.08 on Monday. The stock’s 50-day simple moving average is $221.95 and its 200 day simple moving average is $211.74. The company has a market cap of $72.48 billion, a P/E ratio of 35.76, a P/E/G ratio of 3.64 and a beta of 0.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. Republic Services, Inc. has a 52-week low of $180.91 and a 52-week high of $240.95.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same quarter in the previous year, the business earned $1.41 earnings per share. As a group, sell-side analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is presently 35.75%.

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.