Hantz Financial Services Inc. Invests $981,000 in Republic Services, Inc. (NYSE:RSG)

Hantz Financial Services Inc. bought a new position in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,047 shares of the business services provider’s stock, valued at approximately $981,000.

Other hedge funds also recently made changes to their positions in the company. YHB Investment Advisors Inc. acquired a new stake in shares of Republic Services in the 1st quarter worth $29,000. EntryPoint Capital LLC acquired a new stake in shares of Republic Services in the 1st quarter worth $29,000. Bogart Wealth LLC acquired a new stake in shares of Republic Services in the 4th quarter worth $30,000. Jones Financial Companies Lllp lifted its stake in shares of 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 worth $36,000 after acquiring an additional 211 shares during the period. Finally, Indiana Trust & Investment Management CO acquired a new stake in shares of Republic Services in the 2nd quarter worth $45,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of NYSE RSG opened at $208.21 on Friday. The company has a market cap of $65.39 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 3.34 and a beta of 0.69. Republic Services, Inc. has a 12 month low of $140.23 and a 12 month high of $208.69. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The company has a 50-day simple moving average of $199.49 and a 200-day simple moving average of $191.40.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.03 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. On average, equities analysts anticipate that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.11%. This is an increase from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, October 2nd. Republic Services’s payout ratio is presently 37.54%.

Insider Activity at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the sale, the director now directly owns 17,486 shares in the company, valued at $3,549,832.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Tomago Collins sold 3,200 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the sale, the director now directly owns 17,486 shares in the company, valued at $3,549,832.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Katharine Weymouth bought 540 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average price of $185.26 per share, with a total value of $100,040.40. Following the completion of the acquisition, the director now owns 540 shares of the company’s stock, valued at approximately $100,040.40. The disclosure for this purchase can be found here. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Republic Services in a research note on Thursday, May 23rd. They issued a “hold” rating and a $203.00 price objective for the company. CIBC raised their price objective on shares of Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Raymond James reduced their price objective on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Robert W. Baird raised their price objective on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada raised their price objective on shares of Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $211.00.

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.