Republic Services, Inc. (NYSE:RSG) Shares Acquired by FORA Capital LLC

FORA Capital LLC raised its position in shares of Republic Services, Inc. (NYSE:RSG) by 0.7% in the fourth quarter, HoldingsChannel reports. The firm owned 7,659 shares of the business services provider’s stock after acquiring an additional 50 shares during the period. FORA Capital LLC’s holdings in Republic Services were worth $1,541,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI increased its position in Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 88 shares during the period. R Squared Ltd bought a new position in shares of Republic Services in the fourth quarter worth $32,000. New Age Alpha Advisors LLC increased its holdings in shares of Republic Services by 70.2% during the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 73 shares during the period. Generali Asset Management SPA SGR acquired a new stake in Republic Services in the fourth quarter worth about $45,000. Finally, Bank of Jackson Hole Trust bought a new position in Republic Services in the 4th quarter valued at about $48,000. Institutional investors own 57.73% of the company’s stock.

Insiders Place Their Bets

In other news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. The trade was a 37.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. CIBC upgraded shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price target on the stock in a research report on Tuesday, March 4th. BMO Capital Markets boosted their target price on Republic Services from $260.00 to $268.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $266.00 price target on shares of Republic Services in a research note on Friday, April 25th. Scotiabank upped their price objective on Republic Services from $233.00 to $250.00 and gave the company a “sector perform” rating in a report on Tuesday, April 8th. Finally, Seaport Res Ptn raised Republic Services to a “strong-buy” rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.00.

Republic Services Trading Down 1.0 %

Republic Services stock opened at $249.26 on Friday. The company has a 50 day moving average price of $239.86 and a 200 day moving average price of $222.24. The firm has a market capitalization of $77.89 billion, a price-to-earnings ratio of 38.41, a P/E/G ratio of 3.64 and a beta of 0.66. Republic Services, Inc. has a 52 week low of $180.92 and a 52 week high of $253.54. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.05. The firm had revenue of $4.01 billion during 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%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.45 EPS. Research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a $0.58 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a yield of 0.93%. Republic Services’s dividend payout ratio is presently 34.99%.

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.