Republic Services, Inc. (NYSE:RSG) Shares Sold by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. decreased its position in Republic Services, Inc. (NYSE:RSG) by 20.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,448 shares of the business services provider’s stock after selling 55,699 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in Republic Services were worth $43,873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC raised its holdings in shares of Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Republic Services during the 1st quarter valued at $29,000. Webster Bank N. A. bought a new stake in shares of Republic Services during the 3rd quarter worth $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of Republic Services in the 2nd quarter worth $36,000. Finally, Indiana Trust & Investment Management CO acquired a new stake in shares of Republic Services during the second quarter worth $45,000. 57.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RSG. Morgan Stanley lifted their price target on Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Stifel Nicolaus upped their price target on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. CIBC lifted their price objective on shares of Republic Services from $208.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. William Blair began coverage on Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, BMO Capital Markets increased their price objective on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $215.71.

Republic Services Stock Up 0.5 %

RSG opened at $208.08 on Friday. The company has a market capitalization of $65.16 billion, a P/E ratio of 33.29, a P/E/G ratio of 3.07 and a beta of 0.70. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a fifty-two week low of $154.49 and a fifty-two week high of $209.09. The firm’s fifty day moving average price is $203.21 and its two-hundred day moving average price is $197.10.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.61 by $0.20. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.54 earnings per share. On average, analysts anticipate that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the firm’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 transaction, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

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.