Toews Corp ADV purchased a new stake in Republic Services, Inc. (NYSE:RSG) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,300 shares of the business services provider’s stock, valued at approximately $924,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. ADE LLC purchased a new position in Republic Services during the 4th quarter worth approximately $33,000. Arkadios Wealth Advisors grew its position in Republic Services by 153.5% during the 4th quarter. Arkadios Wealth Advisors now owns 365 shares of the business services provider’s stock worth $35,000 after purchasing an additional 221 shares in the last quarter. Clearview Wealth Advisors LLC purchased a new position in Republic Services during the 4th quarter worth approximately $36,000. Advisory Services Network LLC grew its position in Republic Services by 82.7% during the 4th quarter. Advisory Services Network LLC now owns 506 shares of the business services provider’s stock worth $49,000 after purchasing an additional 229 shares in the last quarter. Finally, Liberty Wealth Management LLC purchased a new position in Republic Services during the 4th quarter worth approximately $58,000. 56.78% of the stock is currently owned by institutional investors.
Shares of RSG stock opened at $111.10 on Friday. The stock has a market cap of $35.44 billion, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64. Republic Services, Inc. has a one year low of $78.22 and a one year high of $113.28. The stock has a fifty day moving average price of $104.75 and a 200 day moving average price of $97.05. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Thursday, July 1st will be issued a dividend of $0.425 per share. The ex-dividend date is Wednesday, June 30th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.53%. Republic Services’s payout ratio is presently 50.90%.
In other Republic Services news, COO Timothy E. Stuart sold 12,788 shares of Republic Services stock in a transaction on Monday, May 10th. The stock was sold at an average price of $112.31, for a total transaction of $1,436,220.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brian A. Goebel sold 1,224 shares of Republic Services stock in a transaction dated Friday, May 7th. The shares were sold at an average price of $110.67, for a total value of $135,460.08. Over the last three months, insiders have sold 20,782 shares of company stock valued at $2,326,129. Company insiders own 0.20% of the company’s stock.
Several equities analysts have recently commented on the stock. Robert W. Baird cut shares of Republic Services from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $103.00 to $96.00 in a report on Tuesday, February 16th. BMO Capital Markets decreased their price objective on shares of Republic Services from $107.00 to $102.00 and set an “outperform” rating for the company in a report on Tuesday, March 2nd. The Goldman Sachs Group assumed coverage on shares of Republic Services in a report on Tuesday, April 13th. They issued a “buy” rating and a $117.00 price objective for the company. JPMorgan Chase & Co. upgraded shares of Republic Services from a “neutral” rating to an “overweight” rating and set a $102.00 price objective for the company in a report on Monday, March 1st. Finally, Morgan Stanley boosted their target price on shares of Republic Services from $100.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $107.00.
Republic Services Company Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, disposal, recycling, and environmental services in the United States. The company serves small-container, large-container, and municipal and residential customers. The company's collection services include curbside collection of material for transport to transfer stations, landfills, or recycling processing centers; supply of recycling and waste containers; and renting of compactors.
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