1,346 Shares in Republic Services, Inc. (NYSE:RSG) Purchased by Latitude Advisors LLC

Latitude Advisors LLC bought a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 4th quarter, HoldingsChannel.com reports. The fund bought 1,346 shares of the business services provider’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FinTrust Capital Advisors LLC boosted its holdings in Republic Services by 56.3% in the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 71 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in Republic Services during the 4th quarter worth $34,000. Strategic Investment Solutions Inc. IL purchased a new position in Republic Services during the 1st quarter worth approximately $34,000. Millburn Ridgefield Corp purchased a new stake in Republic Services in the 3rd quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Republic Services during the 3rd quarter worth $36,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Services

In related 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 transaction, the chief executive officer now owns 85,113 shares in the company, valued at $15,669,303.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Trading Up 0.8 %

RSG stock opened at $188.95 on Thursday. Republic Services, Inc. has a 52 week low of $135.33 and a 52 week high of $192.57. The company has a market cap of $59.52 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 3.28 and a beta of 0.68. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13. The business has a fifty day simple moving average of $185.28 and a 200-day simple moving average of $168.34.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share 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 business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the business posted $1.13 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts expect that Republic Services, Inc. will post 6.01 EPS for the current year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Monday, April 1st. Republic Services’s dividend payout ratio (DPR) is 39.12%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RSG shares. Morgan Stanley cut shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price for the company. in a report on Friday, March 15th. The Goldman Sachs Group upped their price objective on Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup lifted their price objective on shares of Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Wells Fargo & Company upped their price target on shares of Republic Services from $180.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Finally, UBS Group lowered shares of Republic Services from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $175.00 to $195.00 in a research report on Thursday, February 29th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $199.77.

About Republic Services

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.