Headlands Technologies LLC Makes New Investment in Republic Services, Inc. (NYSE:RSG)

Headlands Technologies LLC purchased a new position in Republic Services, Inc. (NYSE:RSG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,277 shares of the business services provider’s stock, valued at approximately $376,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FinTrust Capital Advisors LLC lifted its stake in shares of Republic Services by 56.3% during the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after buying an additional 71 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Republic Services during the fourth quarter worth $34,000. Millburn Ridgefield Corp acquired a new stake in shares of Republic Services during the third quarter worth $36,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Republic Services during the third quarter worth $36,000. Finally, BKM Wealth Management LLC acquired a new stake in shares of Republic Services during the fourth quarter worth $37,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Republic Services

In other news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the sale, the chief executive officer now owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

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

Republic Services Trading Down 0.8 %

Shares of Republic Services stock opened at $191.92 on Friday. The firm has a 50-day simple moving average of $187.36 and a two-hundred day simple moving average of $170.66. The company has a market cap of $60.45 billion, a P/E ratio of 35.09, a price-to-earnings-growth ratio of 3.36 and a beta of 0.68. Republic Services, Inc. has a fifty-two week low of $135.33 and a fifty-two week high of $193.82. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.73 billion. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 earnings per share. As a group, equities analysts predict that Republic Services, Inc. will post 6.01 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be paid a dividend of $0.535 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.12%. Republic Services’s dividend payout ratio is currently 39.12%.

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.