B. Riley Wealth Advisors Inc. Sells 407 Shares of Republic Services, Inc. (NYSE:RSG)

B. Riley Wealth Advisors Inc. trimmed its holdings in Republic Services, Inc. (NYSE:RSG) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,002 shares of the business services provider’s stock after selling 407 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Republic Services were worth $4,964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ARQ Wealth Advisors LLC acquired a new position in shares of Republic Services during the fourth quarter valued at $227,000. Syon Capital LLC lifted its position in Republic Services by 7.2% during the fourth quarter. Syon Capital LLC now owns 2,367 shares of the business services provider’s stock worth $390,000 after acquiring an additional 158 shares during the last quarter. Integrated Advisors Network LLC acquired a new stake in Republic Services in the 4th quarter worth about $236,000. Raleigh Capital Management Inc. grew its position in shares of Republic Services by 19.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 357 shares of the business services provider’s stock worth $59,000 after purchasing an additional 59 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in Republic Services by 112.7% in the fourth quarter. V Square Quantitative Management LLC now owns 4,115 shares of the business services provider’s stock valued at $679,000 after purchasing an additional 2,180 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insider Transactions at Republic Services

In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now owns 6,831 shares in the company, valued at approximately $1,270,702.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the transaction, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Katharine Weymouth purchased 540 shares of Republic Services stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the acquisition, the director now owns 540 shares in the company, valued at $100,040.40. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.

Republic Services Price Performance

Shares of NYSE RSG opened at $191.69 on Tuesday. The firm has a market capitalization of $60.37 billion, a P/E ratio of 33.63, a P/E/G ratio of 3.17 and a beta of 0.68. The firm’s 50-day moving average price is $187.90 and its 200-day moving average price is $179.41. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 1-year low of $140.23 and a 1-year high of $196.76.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the business earned $1.24 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Republic Services, Inc. will post 6.05 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s dividend payout ratio is currently 37.54%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Citigroup lifted their target price on Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Oppenheimer increased their target price on Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. UBS Group boosted their price target on Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. The Goldman Sachs Group lifted their target price on shares of Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Republic Services in a research report on Thursday, May 23rd. They issued a “hold” rating and a $203.00 price target for the company. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $201.14.

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.