Syon Capital LLC Buys 158 Shares of Republic Services, Inc. (NYSE:RSG)

Syon Capital LLC lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,367 shares of the business services provider’s stock after buying an additional 158 shares during the period. Syon Capital LLC’s holdings in Republic Services were worth $390,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of RSG. FinTrust Capital Advisors LLC grew its stake in shares of 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 acquiring an additional 71 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in Republic Services in the 4th quarter worth about $34,000. Millburn Ridgefield Corp purchased a new stake in Republic Services in the 3rd quarter valued at about $36,000. Catalyst Capital Advisors LLC bought a new position in shares of Republic Services during the 3rd quarter worth approximately $36,000. Finally, BKM Wealth Management LLC bought a new position in shares of Republic Services in the fourth quarter valued at approximately $37,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Down 0.8 %

Shares of NYSE RSG opened at $191.92 on Friday. The business has a 50-day simple moving average of $187.36 and a two-hundred day simple moving average of $170.49. Republic Services, Inc. has a 52 week low of $135.33 and a 52 week high of $193.82. The company has a market cap of $60.45 billion, a P/E ratio of 35.09, a P/E/G ratio of 3.39 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.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.41 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 company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the company earned $1.13 earnings per share. Republic Services’s revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts anticipate that Republic Services, Inc. will post 6.01 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors 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 dividend on an annualized basis and a dividend yield of 1.12%. Republic Services’s dividend payout ratio (DPR) is presently 39.12%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Jefferies Financial Group boosted their price objective on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. The Goldman Sachs Group increased their price target 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. UBS Group cut shares of Republic Services from a “buy” rating to a “neutral” rating and boosted their target price for the company from $175.00 to $195.00 in a research note on Thursday, February 29th. Citigroup raised their price target on shares of Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, 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. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $199.77.

Insider Activity at Republic Services

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the firm’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 owns 85,113 shares of the company’s stock, valued at approximately $15,669,303.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is owned by corporate insiders.

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.