Sawtooth Solutions LLC Acquires 5,115 Shares of Republic Services, Inc. (NYSE:RSG)

Sawtooth Solutions LLC lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 119.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,401 shares of the business services provider’s stock after acquiring an additional 5,115 shares during the period. Sawtooth Solutions LLC’s holdings in Republic Services were worth $755,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of RSG. TIAA CREF Investment Management LLC grew its holdings in shares of Republic Services by 14.6% during the third quarter. TIAA CREF Investment Management LLC now owns 751,589 shares of the business services provider’s stock valued at $54,610,000 after buying an additional 95,792 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Republic Services by 0.6% during the third quarter. Vanguard Group Inc now owns 18,743,008 shares of the business services provider’s stock valued at $1,361,867,000 after buying an additional 115,598 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Republic Services by 64.6% during the fourth quarter. Advisors Asset Management Inc. now owns 45,273 shares of the business services provider’s stock valued at $3,264,000 after buying an additional 17,773 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Republic Services by 1.2% during the fourth quarter. Rhumbline Advisers now owns 492,976 shares of the business services provider’s stock valued at $35,539,000 after buying an additional 6,023 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Republic Services by 53.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,632 shares of the business services provider’s stock valued at $262,000 after buying an additional 1,272 shares in the last quarter. 58.82% of the stock is currently owned by institutional investors and hedge funds.

In related news, President Ark Jon Vander sold 19,278 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $82.33, for a total transaction of $1,587,157.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Donald W. Slager sold 69,966 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $82.66, for a total value of $5,783,389.56. Following the transaction, the chief executive officer now directly owns 287,610 shares of the company’s stock, valued at approximately $23,773,842.60. The disclosure for this sale can be found here. Insiders sold 131,875 shares of company stock valued at $10,891,028 in the last ninety days. Insiders own 0.30% of the company’s stock.

Shares of NYSE:RSG traded up $0.43 on Friday, reaching $86.64. The company had a trading volume of 1,211,916 shares, compared to its average volume of 1,000,657. Republic Services, Inc. has a twelve month low of $67.48 and a twelve month high of $87.78. The company has a 50-day moving average of $85.52. The stock has a market cap of $27.84 billion, a PE ratio of 28.04, a P/E/G ratio of 2.82 and a beta of 0.53. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.86.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Republic Services had a return on equity of 12.72% and a net margin of 10.25%. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, research analysts anticipate that Republic Services, Inc. will post 3.23 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be given a $0.375 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.73%. Republic Services’s dividend payout ratio is currently 48.54%.

RSG has been the topic of a number of research analyst reports. Stifel Nicolaus upgraded Republic Services from a “hold” rating to a “buy” rating and lifted their price target for the company from $86.00 to $90.00 in a report on Monday, April 29th. Royal Bank of Canada initiated coverage on Republic Services in a report on Wednesday, May 1st. They set a “sector perform” rating and a $87.00 price target on the stock. UBS Group boosted their target price on Republic Services from $79.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Bank of America restated a “neutral” rating and issued a $85.00 target price (up previously from $79.00) on shares of Republic Services in a research note on Friday, April 26th. Finally, Zacks Investment Research downgraded Republic Services from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $81.97.

About Republic Services

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, landfills, or recycling processing centers; 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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