Operose Advisors LLC Sells 124 Shares of Republic Services, Inc. (NYSE:RSG)

Operose Advisors LLC decreased its stake in Republic Services, Inc. (NYSE:RSG) by 11.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,000 shares of the business services provider’s stock after selling 124 shares during the period. Operose Advisors LLC’s holdings in Republic Services were worth $201,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. 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 position in Republic Services during the fourth quarter worth $32,000. New Age Alpha Advisors LLC lifted its holdings in Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock valued at $36,000 after buying an additional 73 shares during the period. Generali Asset Management SPA SGR bought a new stake in Republic Services during the fourth quarter valued at $45,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Republic Services in the 4th quarter worth about $48,000. 57.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on RSG. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Argus set a $260.00 price objective on shares of Republic Services in a research note on Tuesday, February 18th. Morgan Stanley raised their price target on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Scotiabank upped their price objective on shares of Republic Services from $233.00 to $250.00 and gave the company a “sector perform” rating in a report on Tuesday, April 8th. Finally, Stifel Nicolaus boosted their target price on Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and an average target price of $239.13.

Republic Services Trading Up 0.8 %

Shares of RSG stock opened at $245.79 on Tuesday. Republic Services, Inc. has a 52-week low of $180.92 and a 52-week high of $249.73. The company has a 50-day simple moving average of $233.74 and a two-hundred day simple moving average of $217.10. 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 company has a market capitalization of $76.76 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 3.64 and a beta of 0.62.

Republic Services (NYSE:RSG) last issued 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. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period last year, the business posted $1.41 earnings per share. Research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business 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 of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 0.94%. Republic Services’s payout ratio is currently 35.75%.

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.