Advisor OS LLC Buys 600 Shares of Republic Services, Inc. (NYSE:RSG)

Advisor OS LLC increased its holdings in shares of Republic Services, Inc. (NYSE:RSGFree Report) by 16.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,309 shares of the business services provider’s stock after buying an additional 600 shares during the quarter. Advisor OS LLC’s holdings in Republic Services were worth $867,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in shares of Republic Services during the 3rd quarter worth approximately $25,000. Arcadia Investment Management Corp MI boosted its holdings 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 worth $27,000 after buying an additional 88 shares during the period. R Squared Ltd purchased a new position in Republic Services in the 4th quarter valued at approximately $32,000. Truvestments Capital LLC purchased a new stake in shares of Republic Services during the third quarter worth $34,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Republic Services in the third quarter worth $39,000. Institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

In related news, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now directly owns 879 shares in the company, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Gregg Brummer sold 6,293 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on RSG shares. Oppenheimer increased their price objective on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. CIBC boosted their price objective on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and increased their price target for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $233.41.

View Our Latest Research Report on RSG

Republic Services Trading Down 0.8 %

NYSE RSG opened at $231.66 on Thursday. The firm has a market cap of $72.34 billion, a PE ratio of 35.69, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The stock has a 50-day moving average of $214.49 and a 200-day moving average of $209.25. Republic Services, Inc. has a 1-year low of $180.91 and a 1-year high of $234.02.

Republic Services (NYSE:RSGGet Free Report) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the business posted $1.41 earnings per share. As a group, sell-side analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.00%. Republic Services’s dividend payout ratio (DPR) is currently 35.75%.

Republic Services Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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