CoreFirst Bank & Trust Buys Shares of 750 Republic Services, Inc. (NYSE:RSG)

CoreFirst Bank & Trust acquired a new stake in Republic Services, Inc. (NYSE:RSG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 750 shares of the business services provider’s stock, valued at approximately $151,000.

A number of other hedge funds have also made changes to their positions in RSG. FSA Wealth Management LLC acquired a new position in shares of Republic Services during the 3rd quarter valued at $25,000. Arcadia Investment Management Corp MI boosted its stake in Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after buying an additional 88 shares in the last quarter. R Squared Ltd acquired a new position in Republic Services during the fourth quarter worth about $32,000. Truvestments Capital LLC acquired a new stake in Republic Services in the 3rd quarter valued at about $34,000. Finally, Generali Asset Management SPA SGR bought a new position in shares of Republic Services during the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of NYSE RSG opened at $236.16 on Tuesday. Republic Services, Inc. has a one year low of $180.92 and a one year high of $240.95. The business’s 50-day moving average price is $225.49 and its two-hundred day moving average price is $212.92. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The company has a market capitalization of $73.75 billion, a P/E ratio of 36.39, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.21. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same quarter last year, the firm earned $1.41 earnings per share. Analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.98%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is 35.75%.

Insiders Place Their Bets

In related 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 value of $1,436,062.60. Following the completion of the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and increased their target price for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Stifel Nicolaus raised their price objective on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Jefferies Financial Group upped their target price on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. William Blair reissued an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. Finally, Cibc World Mkts upgraded shares of Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $236.88.

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.