Republic Services, Inc. (NYSE:RSG) Shares Purchased by Strs Ohio

Strs Ohio boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 298.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 75,760 shares of the business services provider’s stock after purchasing an additional 56,745 shares during the period. Strs Ohio’s holdings in Republic Services were worth $12,493,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. FinTrust Capital Advisors LLC lifted its stake in Republic Services by 56.3% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock valued at $28,000 after buying an additional 71 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Republic Services in the fourth quarter valued at approximately $34,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Republic Services in the first quarter worth approximately $34,000. Millburn Ridgefield Corp acquired a new position in Republic Services in the 3rd quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Republic Services in the 3rd quarter valued at $36,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Services

In other news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the sale, the chief executive officer now owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RSG. Citigroup upped their target price on shares of Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Royal Bank of Canada initiated coverage on shares of Republic Services in a report on Monday, April 8th. They issued a “sector perform” rating and a $198.00 price objective for the company. The Goldman Sachs Group boosted their target price on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley downgraded Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective on the stock. in a research report on Friday, March 15th. Finally, Oppenheimer upped their target price on Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $199.77.

Republic Services Trading Up 0.8 %

NYSE RSG opened at $188.95 on Thursday. Republic Services, Inc. has a 12 month low of $135.33 and a 12 month high of $192.57. The stock has a market capitalization of $59.52 billion, a P/E ratio of 34.54, a PEG ratio of 3.28 and a beta of 0.68. The firm’s 50-day moving average is $185.28 and its two-hundred day moving average is $168.34. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $1.13 EPS. On average, sell-side analysts anticipate that Republic Services, Inc. will post 6.01 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Monday, April 1st. Republic Services’s payout ratio is 39.12%.

Republic Services Profile

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.