Tandem Investment Advisors Inc. Acquires 21,681 Shares of Republic Services, Inc. $RSG

Tandem Investment Advisors Inc. increased its stake in Republic Services, Inc. (NYSE:RSG) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 241,920 shares of the business services provider’s stock after purchasing an additional 21,681 shares during the period. Republic Services makes up approximately 1.9% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 24th biggest holding. Tandem Investment Advisors Inc. owned approximately 0.08% of Republic Services worth $55,516,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RSG. Bowen Hanes & Co. Inc. boosted its holdings in shares of Republic Services by 7.3% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock worth $62,772,000 after purchasing an additional 17,280 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Republic Services by 32.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock worth $5,326,000 after buying an additional 5,740 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Republic Services by 60.0% in the third quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock worth $2,906,000 after buying an additional 4,750 shares in the last quarter. Valley National Advisers Inc. raised its stake in shares of Republic Services by 148,250.0% during the third quarter. Valley National Advisers Inc. now owns 8,901 shares of the business services provider’s stock worth $2,042,000 after acquiring an additional 8,895 shares in the last quarter. Finally, Carnegie Investment Counsel lifted its holdings in shares of Republic Services by 12.2% in the 3rd quarter. Carnegie Investment Counsel now owns 66,142 shares of the business services provider’s stock worth $15,178,000 after acquiring an additional 7,174 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Trading Down 1.1%

NYSE RSG opened at $215.28 on Friday. The stock has a market cap of $66.64 billion, a P/E ratio of 32.04, a price-to-earnings-growth ratio of 3.55 and a beta of 0.55. Republic Services, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75. The stock has a 50 day simple moving average of $213.54 and a two-hundred day simple moving average of $222.19. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58.

Republic Services (NYSE:RSG) last announced its earnings results on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.12. The company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.25 billion. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 earnings per share. On average, analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Insider Activity at Republic Services

In related news, Director Katharine Weymouth bought 478 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average price of $209.46 per share, with a total value of $100,121.88. Following the purchase, the director owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on RSG shares. Citigroup decreased their target price on shares of Republic Services from $268.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Raymond James Financial reiterated an “outperform” rating and issued a $240.00 price objective on shares of Republic Services in a report on Friday, October 31st. Oppenheimer dropped their target price on Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. The Goldman Sachs Group began coverage on Republic Services in a research note on Monday, November 24th. They issued a “buy” rating and a $255.00 price target on the stock. Finally, Scotiabank dropped their price objective on Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $248.82.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.