Capital Advisors Ltd. LLC Purchases 65 Shares of Republic Services, Inc. (NYSE:RSG)

Capital Advisors Ltd. LLC increased its position in Republic Services, Inc. (NYSE:RSG) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,048 shares of the business services provider’s stock after acquiring an additional 65 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Republic Services were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in shares of Republic Services during the 3rd quarter valued at about $25,000. Arcadia Investment Management Corp MI boosted its holdings in shares of Republic Services by 200.0% in the fourth 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 last quarter. R Squared Ltd bought a new stake in Republic Services during the fourth quarter valued at approximately $32,000. Truvestments Capital LLC purchased a new stake in Republic Services during the third quarter valued at approximately $34,000. Finally, Ashton Thomas Securities LLC bought a new position in Republic Services in the third quarter worth approximately $39,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Down 0.1 %

RSG opened at $230.73 on Monday. The company has a market capitalization of $72.05 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. The firm has a 50-day simple moving average of $212.87 and a two-hundred day simple moving average of $208.65. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 52 week low of $180.91 and a 52 week high of $232.52.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating 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 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 company earned $1.41 earnings per share. Analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal 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 paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is 35.75%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RSG shares. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Oppenheimer upped their price target on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Finally, CIBC lifted their price target on shares of Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target of $233.41.

Insider Buying and Selling at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction dated 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 owns 879 shares of the company’s stock, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Gregg Brummer sold 6,293 shares of the business’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 value of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. The trade was 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 owned by company insiders.

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.