M. Kraus & Co Has $4.01 Million Position in Republic Services, Inc. $RSG

M. Kraus & Co raised its holdings in Republic Services, Inc. (NYSE:RSG) by 626.7% in the third quarter, Holdings Channel.com reports. The fund owned 17,455 shares of the business services provider’s stock after acquiring an additional 15,053 shares during the quarter. Republic Services makes up about 1.1% of M. Kraus & Co’s investment portfolio, making the stock its 27th largest position. M. Kraus & Co’s holdings in Republic Services were worth $4,006,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in Republic Services by 75.8% in the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares in the last quarter. CW Advisors LLC bought a new stake in shares of Republic Services during the 1st quarter worth about $552,000. Compound Planning Inc. acquired a new position in shares of Republic Services during the 1st quarter valued at about $400,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Republic Services by 2.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 34,445 shares of the business services provider’s stock valued at $8,341,000 after acquiring an additional 842 shares in the last quarter. Finally, ICONIQ Capital LLC lifted its holdings in Republic Services by 20.7% in the 1st quarter. ICONIQ Capital LLC now owns 1,508 shares of the business services provider’s stock worth $365,000 after purchasing an additional 259 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Citigroup lowered their target price on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Bank of America cut their target price on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research report on Monday. Oppenheimer set a $256.00 price target on Republic Services in a research report on Friday, October 31st. Finally, National Bankshares cut their price objective on Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $250.64.

Insider Activity

In other news, Director Katharine Weymouth bought 478 shares of Republic Services stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average cost of $209.46 per share, with a total value of $100,121.88. Following the completion of the transaction, the director directly owned 5,740 shares in the company, valued at $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Republic Services Stock Performance

NYSE RSG opened at $212.96 on Tuesday. The company’s fifty day moving average is $213.92 and its two-hundred day moving average is $228.34. The firm has a market capitalization of $65.92 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 3.41 and a beta of 0.54. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.58. Republic Services, Inc. has a 52-week low of $199.43 and a 52-week high of $258.75.

Republic Services (NYSE:RSG) last released its earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.12. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The business had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter last year, the company earned $1.81 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be given a dividend of $0.625 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services’s payout ratio is currently 37.20%.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.