Trust Investment Advisors Takes Position in Republic Services, Inc. (NYSE:RSG)

Trust Investment Advisors bought a new stake in Republic Services, Inc. (NYSE:RSG) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,276 shares of the business services provider’s stock, valued at approximately $210,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Xponance Inc. raised its holdings in Republic Services by 0.9% during the 4th quarter. Xponance Inc. now owns 26,083 shares of the business services provider’s stock valued at $4,301,000 after acquiring an additional 225 shares during the period. Federated Hermes Inc. raised its holdings in Republic Services by 2.4% during the 4th quarter. Federated Hermes Inc. now owns 11,759 shares of the business services provider’s stock valued at $1,939,000 after acquiring an additional 271 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Republic Services by 67.9% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 601 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 243 shares during the period. Daiwa Securities Group Inc. raised its holdings in Republic Services by 8.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 19,572 shares of the business services provider’s stock valued at $3,228,000 after acquiring an additional 1,498 shares during the period. Finally, Latitude Advisors LLC bought a new stake in Republic Services during the 4th quarter valued at $222,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. UBS Group cut shares of Republic Services from a “buy” rating to a “neutral” rating and upped their price target for the stock from $175.00 to $195.00 in a report on Thursday, February 29th. Jefferies Financial Group upped their price target on shares of Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Royal Bank of Canada initiated coverage on shares of Republic Services in a research report on Monday, April 8th. They issued a “sector perform” rating and a $198.00 target price for the company. Finally, Wells Fargo & Company upped their target price on shares of Republic Services from $180.00 to $188.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $199.77.

Insider Activity at Republic Services

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $184.10, for a total value of $1,002,608.60. Following the transaction, the chief executive officer now directly owns 85,113 shares in the company, valued at approximately $15,669,303.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by insiders.

Republic Services Price Performance

Shares of NYSE RSG traded up $0.02 during mid-day trading on Thursday, hitting $188.97. 1,586,282 shares of the company’s stock traded hands, compared to its average volume of 1,196,560. The company’s 50-day moving average is $185.28 and its two-hundred day moving average is $168.34. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $59.52 billion, a P/E ratio of 34.54, a PEG ratio of 3.28 and a beta of 0.68. Republic Services, Inc. has a 1 year low of $135.33 and a 1 year high of $192.57.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.28 by $0.13. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.73 billion. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.13 EPS. On average, equities analysts anticipate that Republic Services, Inc. will post 6.01 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.535 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.14 annualized dividend and a yield of 1.13%. Republic Services’s payout ratio is 39.12%.

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.