Capital Investment Advisory Services LLC Sells 69 Shares of Republic Services, Inc. (NYSE:RSG)

Capital Investment Advisory Services LLC decreased its position in Republic Services, Inc. (NYSE:RSG) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,517 shares of the business services provider’s stock after selling 69 shares during the period. Capital Investment Advisory Services LLC’s holdings in Republic Services were worth $250,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Republic Services by 0.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,150 shares of the business services provider’s stock worth $4,147,000 after buying an additional 66 shares during the last quarter. Parcion Private Wealth LLC boosted its holdings in Republic Services by 0.3% during the fourth quarter. Parcion Private Wealth LLC now owns 23,808 shares of the business services provider’s stock worth $3,926,000 after buying an additional 68 shares during the last quarter. Stokes Family Office LLC boosted its holdings in Republic Services by 2.2% during the third quarter. Stokes Family Office LLC now owns 3,209 shares of the business services provider’s stock worth $457,000 after buying an additional 70 shares during the last quarter. WASHINGTON TRUST Co boosted its holdings in Republic Services by 4.5% during the fourth quarter. WASHINGTON TRUST Co now owns 1,620 shares of the business services provider’s stock worth $267,000 after buying an additional 70 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its holdings in Republic Services by 56.3% during the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after buying an additional 71 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Up 0.7 %

NYSE:RSG opened at $191.99 on Thursday. The firm has a market capitalization of $60.47 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 3.33 and a beta of 0.68. Republic Services, Inc. has a twelve month low of $135.33 and a twelve month high of $192.99. The stock’s 50 day moving average price is $186.86 and its two-hundred day moving average price is $170.01. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.13. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 EPS. Equities research analysts expect that Republic Services, Inc. will post 6.01 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, April 1st. Republic Services’s dividend payout ratio (DPR) is 39.12%.

Insider Transactions at Republic Services

In other news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the transaction, the chief executive officer now directly owns 85,113 shares in the company, valued at approximately $15,669,303.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Oppenheimer lifted their price objective on Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Scotiabank assumed coverage on Republic Services in a report on Monday, April 8th. They set a “sector perform” rating and a $211.00 price objective on the stock. UBS Group cut Republic Services from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $175.00 to $195.00 in a report on Thursday, February 29th. Jefferies Financial Group lifted their price objective on Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Citigroup lifted their price objective on Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $199.77.

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.