Ifrah Financial Services Inc. Purchases Shares of 1,230 Republic Services, Inc. (NYSE:RSG)

Ifrah Financial Services Inc. acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,230 shares of the business services provider’s stock, valued at approximately $203,000.

A number of other large investors also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Republic Services by 0.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,150 shares of the business services provider’s stock valued at $4,147,000 after purchasing an additional 66 shares during the period. Parcion Private Wealth LLC boosted its position in shares of Republic Services by 0.3% in the fourth quarter. Parcion Private Wealth LLC now owns 23,808 shares of the business services provider’s stock valued at $3,926,000 after acquiring an additional 68 shares during the period. Stokes Family Office LLC grew its stake in shares of Republic Services by 2.2% in the third quarter. Stokes Family Office LLC now owns 3,209 shares of the business services provider’s stock valued at $457,000 after acquiring an additional 70 shares in the last quarter. WASHINGTON TRUST Co increased its position in Republic Services by 4.5% during the fourth quarter. WASHINGTON TRUST Co now owns 1,620 shares of the business services provider’s stock worth $267,000 after acquiring an additional 70 shares during the period. Finally, FinTrust Capital Advisors LLC raised its stake in Republic Services by 56.3% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the topic of several recent research reports. Citigroup raised their target price on shares of Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Wells Fargo & Company lifted their price objective on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Oppenheimer increased their target price on Republic Services from $202.00 to $204.00 and gave the stock an “outperform” rating in a report on Wednesday. Jefferies Financial Group raised their price target on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, UBS Group upped their price objective on shares of Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.00.

Insider Activity

In related news, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $184.10, for a total value of $1,002,608.60. Following the completion of the transaction, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

Republic Services Price Performance

Shares of Republic Services stock traded down $0.93 during midday trading on Friday, hitting $185.51. 1,219,295 shares of the company traded hands, compared to its average volume of 1,470,838. The firm’s fifty day moving average price is $188.02 and its 200-day moving average price is $171.94. The stock has a market cap of $58.42 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 3.24 and a beta of 0.67. Republic Services, Inc. has a 12 month low of $140.07 and a 12 month high of $196.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.56 and a current ratio of 0.53.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the firm posted $1.24 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts forecast that Republic Services, Inc. will post 6.05 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be given a $0.535 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a yield of 1.15%. Republic Services’s dividend payout ratio is presently 37.54%.

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.