Capital Advisors Ltd. LLC Has $305,000 Stock Position in Republic Services, Inc. (NYSE:RSG)

Capital Advisors Ltd. LLC increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 4.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,849 shares of the business services provider’s stock after acquiring an additional 87 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Republic Services were worth $305,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of RSG. Magellan Asset Management Ltd grew its position in shares of Republic Services by 1,497,159.0% during the 3rd quarter. Magellan Asset Management Ltd now owns 913,328 shares of the business services provider’s stock worth $130,158,000 after buying an additional 913,267 shares during the period. FMR LLC lifted its holdings in shares of Republic Services by 34.4% in the third quarter. FMR LLC now owns 2,202,405 shares of the business services provider’s stock valued at $313,865,000 after purchasing an additional 563,761 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Republic Services during the fourth quarter worth about $77,417,000. Envestnet Asset Management Inc. lifted its stake in Republic Services by 50.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 900,653 shares of the business services provider’s stock valued at $128,352,000 after acquiring an additional 303,754 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its position in Republic Services by 1,383.0% during the 3rd quarter. Panagora Asset Management Inc. now owns 241,098 shares of the business services provider’s stock worth $34,359,000 after acquiring an additional 224,841 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the transaction, the chief executive officer now directly owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

RSG has been the subject of several analyst reports. BMO Capital Markets raised their price objective on Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. The Goldman Sachs Group raised their target price on shares of Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Scotiabank started coverage on shares of Republic Services in a research note on Monday, April 8th. They issued a “sector perform” rating and a $211.00 price target for the company. Wells Fargo & Company upped their price objective on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Finally, Jefferies Financial Group boosted their target price on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $199.77.

Republic Services Price Performance

RSG stock traded up $1.47 during mid-day trading on Thursday, hitting $193.46. The stock had a trading volume of 579,616 shares, compared to its average volume of 1,195,015. The firm has a fifty day simple moving average of $186.86 and a 200 day simple moving average of $170.01. Republic Services, Inc. has a 52 week low of $135.33 and a 52 week high of $193.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $60.94 billion, a P/E ratio of 34.69, a P/E/G ratio of 3.33 and a beta of 0.68.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.13. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the firm earned $1.13 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts forecast that Republic Services, Inc. will post 6.01 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were given a dividend of $0.535 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.14 annualized dividend and a dividend yield of 1.11%. Republic Services’s payout ratio is 39.12%.

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.