Republic Services, Inc. (NYSE:RSG) Shares Bought by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. raised its holdings in Republic Services, Inc. (NYSE:RSG) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 233,536 shares of the business services provider’s stock after buying an additional 15,088 shares during the quarter. Republic Services comprises 1.8% of Tandem Investment Advisors Inc.’s holdings, making the stock its 27th largest position. Tandem Investment Advisors Inc.’s holdings in Republic Services were worth $46,983,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. FSA Wealth Management LLC purchased a new position in Republic Services in the 3rd quarter worth $25,000. R Squared Ltd purchased a new position in shares of Republic Services during the fourth quarter worth $32,000. Truvestments Capital LLC purchased a new position in shares of Republic Services during the 3rd quarter valued at about $34,000. Ashton Thomas Securities LLC acquired a new position in shares of Republic Services in the 3rd quarter valued at about $39,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Republic Services in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on RSG. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and raised their target price for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Oppenheimer lifted their price objective on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. UBS Group increased their price objective on Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday. Truist Financial reaffirmed a “buy” rating and set a $250.00 price objective (up previously from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Finally, Jefferies Financial Group raised their target price on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $231.75.

Republic Services Price Performance

Shares of RSG opened at $230.73 on Friday. The firm has a 50-day simple moving average of $212.44 and a two-hundred day simple moving average of $208.27. The stock has a market cap of $72.05 billion, a PE ratio of 35.55, a P/E/G ratio of 3.62 and a beta of 0.74. Republic Services, Inc. has a 1-year low of $179.62 and a 1-year high of $232.52. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the firm earned $1.41 EPS. As a group, analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is 35.75%.

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.