Northwestern Mutual Wealth Management Co. buys 92 shares of Republic Services, Inc. (NYSE:RSG)


Northwestern Mutual Wealth Management Co. removed its position in Republic Services, Inc. (NYSE: RSGGet a rating) by 1.0% in Q1, according to its most recent 13F filing with the SEC. The institutional investor held 9,693 shares of the business services provider after acquiring an additional 92 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Republic Services were worth $1,285,000 when it last filed with the SEC.

Several other institutional investors have also recently changed their positions in RSG. Glassman Wealth Services increased its stake in Republic Services shares by 116.8% in Q1. Glassman Wealth Services now owns 206 shares of the business services provider worth $27,000 after buying 111 additional shares in the last quarter. Godsey & Gibb Associates purchased a new stake in Republic Services during Q4 for $28,000. Masso Torrence Wealth Management Inc. acquired a new stake in Republic Services during Q4 for $32,000. FinTrust Capital Advisors LLC increased its stake in Republic Services by 123.6% in Q1. FinTrust Capital Advisors LLC now owns 237 shares of the business services provider valued at $32,000 after buying 131 additional shares in the last quarter. Finally, Confluence Wealth Services Inc. acquired a new stake in Republic Services during the 4th quarter at a value of $33,000. Institutional investors hold 92.80% of the company’s shares.

Analysts set new price targets

RSG has been the subject of a number of research reports. StockNews.com downgraded Republic Services from a “strong buy” rating to a “buy” rating in a research note on Monday. Raymond James raised his price target on Republic Services from $140.00 to $142.00 and gave the stock an “outperform” rating in a Friday, April 22 research note. Morgan Stanley raised its price target on Republic Services from $147.00 to $157.00 and gave the stock an “overweight” rating in a Monday, Aug. 8 report. Bank of America upgraded Republic Services from a “neutral” rating to a “buy” rating and raised its price target for the stock from $140.00 to $150.00 in a Friday, May 13 report. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Republic Services from $147.00 to $158.00 in a Tuesday, August 9 report. Two investment analysts gave the stock a hold rating, six gave the stock a buy rating and one gave the stock a high buy rating. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $148.33.

Insider Trading at Republic Services

In other news, CAD Brian A. Goebel sold 347 shares of Republic Services in a trade dated Thursday, June 2. The stock was sold at an average price of $135.01, for a total value of $46,848.47. As a result of the sale, the accounting chief now directly owns 6,186 shares of the company, valued at $835,171.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at the SEC website. In related news, CEO Ark Jon Vander sold 14,100 shares of Republic Services in a trade dated Monday, August 8. The stock was sold at an average price of $142.49, for a total value of $2,009,109.00. Following completion of the transaction, the CEO now owns 59,619 shares of the company, valued at $8,495,111.31. The transaction was disclosed in an SEC filing, available at this hyperlink. Additionally, CAO Brian A. Goebel sold 347 shares of Republic Services in a trade dated Thursday, June 2. The stock was sold at an average price of $135.01, for a total value of $46,848.47. Following completion of the transaction, the chief accounting officer now owns 6,186 shares of the company, valued at approximately $835,171.86. Disclosure of this sale can be found here. In the past three months, insiders have sold 29,447 shares of the company valued at $4,083,807. 0.06% of the shares are currently held by insiders.

Republic Service Price Performance

NYSE: RSG opened at $147.94 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt ratio of 1.26. The company’s 50-day simple moving average is $132.39 and its two-hundred-day simple moving average is $130.54. The stock has a market capitalization of $46.74 billion, a PE ratio of 33.93, a P/E/G ratio of 2.69 and a beta of 0.72. Republic Services, Inc. has a 52-week low of $113.57 and a 52-week high of $148.12.

Services of the Republic (NYSE: RSGGet a rating) last reported results on Thursday, August 4. The business services provider reported earnings per share (EPS) of $1.32 for the quarter, beating the consensus estimate of $1.18 by $0.14. Republic Services had a return on equity of 16.18% and a net margin of 11.31%. The company posted revenue of $3.41 billion for the quarter, versus $3.30 billion expected by analysts. In the same period a year earlier, the company posted earnings per share of $1.09. The company’s revenues increased by 21.4% compared to the same quarter last year. As a group, analysts expect Republic Services, Inc. to post EPS of 4.78 for the current fiscal year.

The services of the Republic increase their dividends

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14. Shareholders of record on Monday, October 3 will receive a dividend of $0.495. This represents an annualized dividend of $1.98 and a dividend yield of 1.34%. This is a boost from Republic Services’ previous quarterly dividend of $0.46. The ex-date of this dividend is Friday, September 30. Republic Services’ payout ratio is 42.20%.

Profile of the services of the Republic

(Get a rating)

Republic Services, Inc., together with its subsidiaries, provides environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste and other environmental solutions. Its collection services include curbside collection of materials for transportation to transfer stations, landfills or recycling processing centers; supply of recycling and waste containers; and rental of compactors.

Further reading

Institutional ownership by quarter for Republic Services (NYSE:RSG)



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