Capital Advisors Ltd. LLC Boosts Position in Republic Services, Inc. (NYSE:RSG)

Capital Advisors Ltd. LLC boosted its stake in Republic Services, Inc. (NYSE:RSG) by 2.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,903 shares of the business services provider’s stock after acquiring an additional 54 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Republic Services were worth $364,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in Republic Services in the 4th quarter valued at $30,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Republic Services in the 4th quarter valued at $34,000. Jones Financial Companies Lllp grew its stake in Republic Services by 3,014.3% in the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 211 shares during the period. BKM Wealth Management LLC acquired a new stake in Republic Services in the 4th quarter valued at $37,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in Republic Services during the 4th quarter worth $41,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Up 0.4 %

Shares of NYSE:RSG opened at $193.16 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $60.83 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 3.26 and a beta of 0.69. The firm’s 50-day moving average is $188.76 and its two-hundred day moving average is $181.54. Republic Services, Inc. has a 1 year low of $140.23 and a 1 year high of $196.76.

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

Republic Services Dividend Announcement

The business also recently disclosed 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 1.11%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s dividend payout ratio is presently 37.54%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley cut shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price on the stock. in a research note on Friday, March 15th. 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 note on Tuesday, April 16th. Oppenheimer lifted their target price on shares of Republic Services from $202.00 to $204.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft began coverage on Republic Services in a report on Thursday, May 23rd. They set a “hold” rating and a $203.00 price target on the stock. Finally, UBS Group lifted 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. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $201.14.

Insider Transactions at Republic Services

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

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.