4,275 Shares in Republic Services, Inc. (NYSE:RSG) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. bought a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 4,275 shares of the business services provider’s stock, valued at approximately $705,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Schechter Investment Advisors LLC raised its position in Republic Services by 19.4% in the 3rd quarter. Schechter Investment Advisors LLC now owns 2,791 shares of the business services provider’s stock valued at $398,000 after purchasing an additional 453 shares during the last quarter. First Financial Corp IN raised its position in Republic Services by 4.7% in the 4th quarter. First Financial Corp IN now owns 2,858 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 128 shares during the last quarter. SG Americas Securities LLC raised its position in Republic Services by 217.7% in the 4th quarter. SG Americas Securities LLC now owns 76,038 shares of the business services provider’s stock valued at $12,539,000 after purchasing an additional 52,104 shares during the last quarter. Robeco Schweiz AG raised its position in Republic Services by 65.9% in the 3rd quarter. Robeco Schweiz AG now owns 34,500 shares of the business services provider’s stock valued at $4,917,000 after purchasing an additional 13,700 shares during the last quarter. Finally, Brookstone Capital Management increased its stake in shares of Republic Services by 172.4% in the 3rd quarter. Brookstone Capital Management now owns 11,131 shares of the business services provider’s stock valued at $1,623,000 after buying an additional 7,045 shares during the period. Institutional investors own 57.73% of the company’s stock.

Insider Activity

In other news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 85,113 shares in the company, valued at $15,669,303.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on RSG shares. Wells Fargo & Company lifted their target price on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. The Goldman Sachs Group lifted their target price on Republic Services from $182.00 to $209.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Scotiabank started coverage on Republic Services in a research note on Monday, April 8th. They issued a “sector perform” rating and a $211.00 target price for the company. UBS Group cut Republic Services from a “buy” rating to a “neutral” rating and lifted their target price for the company from $175.00 to $195.00 in a research note on Thursday, February 29th. Finally, Citigroup lifted their target price on Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $198.15.

Republic Services Trading Down 0.7 %

NYSE:RSG traded down $1.36 on Friday, reaching $187.82. The company’s stock had a trading volume of 1,006,400 shares, compared to its average volume of 1,203,492. Republic Services, Inc. has a 1-year low of $135.33 and a 1-year high of $192.57. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market cap of $59.16 billion, a PE ratio of 34.34, a PEG ratio of 3.29 and a beta of 0.68. The business’s 50-day moving average price is $184.44 and its two-hundred day moving average price is $167.42.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.13. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the firm earned $1.13 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Republic Services, Inc. will post 6 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd will be issued a $0.535 dividend. The ex-dividend date of this dividend is Monday, April 1st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.14%. Republic Services’s dividend payout ratio (DPR) is 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.