Dana Investment Advisors Inc. Sells 299 Shares of Republic Services, Inc. (NYSE:RSG)

Dana Investment Advisors Inc. reduced its position in shares of Republic Services, Inc. (NYSE:RSG) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,023 shares of the business services provider’s stock after selling 299 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Republic Services were worth $2,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in Republic Services during the 3rd quarter worth about $25,000. Arcadia Investment Management Corp MI raised its holdings in Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after purchasing an additional 88 shares during the last quarter. R Squared Ltd bought a new stake in Republic Services during the 4th quarter worth about $32,000. Truvestments Capital LLC bought a new stake in Republic Services during the 3rd quarter worth about $34,000. Finally, Ashton Thomas Securities LLC bought a new stake in Republic Services during the 3rd quarter worth about $39,000. 57.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the transaction, the chief operating officer now owns 10,416 shares of the company’s stock, valued at $2,376,931.20. This represents a 37.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. Cibc World Mkts raised Republic Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Argus set a $260.00 price target on Republic Services in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group upped their price target on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $236.88.

Republic Services Price Performance

Shares of RSG opened at $234.28 on Friday. Republic Services, Inc. has a 52-week low of $180.91 and a 52-week high of $240.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The stock has a 50 day simple moving average of $218.91 and a 200 day simple moving average of $210.80. The firm has a market capitalization of $73.16 billion, a PE ratio of 36.10, a P/E/G ratio of 3.64 and a beta of 0.73.

Republic Services (NYSE:RSG) last released its quarterly 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 return on equity of 18.28% and a net margin of 12.74%. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the firm posted $1.41 EPS. Sell-side analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is currently 35.75%.

About Republic Services

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.