Sawtooth Solutions LLC Buys New Stake in Republic Services, Inc. (RSG)

Sawtooth Solutions LLC bought a new stake in Republic Services, Inc. (NYSE:RSG) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,402 shares of the business services provider’s stock, valued at approximately $538,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Hawaiian Bank acquired a new position in Republic Services in the third quarter valued at about $119,000. Braun Bostich & Associates Inc. lifted its position in Republic Services by 531.6% in the second quarter. Braun Bostich & Associates Inc. now owns 1,819 shares of the business services provider’s stock valued at $124,000 after buying an additional 1,531 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in Republic Services by 57.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,936 shares of the business services provider’s stock valued at $132,000 after buying an additional 704 shares during the last quarter. Cerebellum GP LLC acquired a new position in Republic Services in the third quarter valued at about $186,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in Republic Services during the second quarter worth about $178,000. 60.87% of the stock is currently owned by institutional investors.

Shares of NYSE:RSG opened at $70.91 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.69 and a current ratio of 0.56. The stock has a market cap of $22.76 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 2.20 and a beta of 0.57. Republic Services, Inc. has a 1 year low of $60.26 and a 1 year high of $75.82.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, October 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.01. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Republic Services had a net margin of 13.90% and a return on equity of 12.11%. Analysts anticipate that Republic Services, Inc. will post 3.06 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $1.50 dividend on an annualized basis and a yield of 2.12%. Republic Services’s dividend payout ratio (DPR) is presently 61.73%.

In related news, insider Donald W. Slager sold 225,734 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $73.02, for a total transaction of $16,483,096.68. Following the sale, the insider now directly owns 378,023 shares in the company, valued at $27,603,239.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Donald W. Slager sold 91,334 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $73.04, for a total transaction of $6,671,035.36. Following the sale, the chief executive officer now owns 378,023 shares in the company, valued at $27,610,799.92. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

A number of brokerages have issued reports on RSG. Zacks Investment Research upgraded shares of Republic Services from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st. BMO Capital Markets cut their price target on shares of Republic Services from $79.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday. ValuEngine upgraded shares of Republic Services from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Bank of America lowered shares of Republic Services from a “buy” rating to a “neutral” rating and set a $74.00 price target on the stock. in a research note on Wednesday, October 24th. Finally, Oppenheimer reiterated a “hold” rating on shares of Republic Services in a research note on Friday. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $73.71.

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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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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