Capital Advisors Ltd. LLC Purchases 65 Shares of Republic Services, Inc. (NYSE:RSG)

Capital Advisors Ltd. LLC raised its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,048 shares of the business services provider’s stock after acquiring an additional 65 shares during the period. Capital Advisors Ltd. LLC’s holdings in Republic Services were worth $412,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in RSG. FSA Wealth Management LLC bought a new position in shares of Republic Services during the 3rd quarter valued at $25,000. Arcadia Investment Management Corp MI grew its stake in shares of Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after buying an additional 88 shares during the last quarter. R Squared Ltd purchased a new position in shares of Republic Services in the fourth quarter worth about $32,000. Truvestments Capital LLC bought a new stake in shares of Republic Services in the 3rd quarter valued at about $34,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Republic Services during the 3rd quarter valued at about $39,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the sale, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Republic Services Trading Down 0.1 %

NYSE:RSG opened at $230.73 on Monday. Republic Services, Inc. has a one year low of $180.91 and a one year high of $232.52. The company’s 50-day simple moving average is $212.87 and its 200 day simple moving average is $208.65. The firm has a market capitalization of $72.05 billion, a P/E ratio of 35.55, a PEG ratio of 3.64 and a beta of 0.74. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same quarter in the prior year, the business posted $1.41 EPS. As a group, analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is 35.75%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Truist Financial reissued a “buy” rating and set a $250.00 price target (up previously from $244.00) on shares of Republic Services in a research report on Friday, February 14th. Stifel Nicolaus raised their price target on shares of Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and increased their target price for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Finally, Argus set a $260.00 price target on Republic Services in a report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $233.41.

Republic Services Company 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.