Republic Services, Inc. (NYSE:RSG) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its position in shares of Republic Services, Inc. (NYSE:RSG) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,138 shares of the business services provider’s stock after acquiring an additional 265 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Republic Services were worth $2,643,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new position in shares of Republic Services during the third quarter valued at $25,000. R Squared Ltd bought a new stake in shares of Republic Services during the fourth quarter valued at about $32,000. Truvestments Capital LLC bought a new stake in shares of Republic Services during the third quarter valued at about $34,000. Ashton Thomas Securities LLC bought a new stake in shares of Republic Services during the third quarter valued at about $39,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Republic Services during the fourth quarter valued at about $48,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Buying and Selling

In related news, Director Katharine Weymouth sold 1,859 shares of the company’s 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 represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Republic Services Trading Down 0.1 %

NYSE:RSG opened at $230.73 on Friday. 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, Inc. has a fifty-two week low of $180.91 and a fifty-two week high of $232.52. The stock’s 50-day moving average is $212.87 and its two-hundred day moving average is $208.51. The stock has a market cap of $72.05 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 3.62 and a beta of 0.74.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.37 by $0.21. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same quarter in the previous year, the business posted $1.41 EPS. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.86 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 Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.01%. Republic Services’s payout ratio is 35.75%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday. CIBC boosted their price target on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Oppenheimer boosted their price target on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $231.75.

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.