Tred Avon Family Wealth LLC Takes $1.90 Million Position in Republic Services, Inc. $RSG

Tred Avon Family Wealth LLC purchased a new position in Republic Services, Inc. (NYSE:RSG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 8,287 shares of the business services provider’s stock, valued at approximately $1,902,000.

Several other hedge funds have also bought and sold shares of the business. Bowen Hanes & Co. Inc. grew its stake 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 buying an additional 17,280 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Republic Services by 32.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock worth $5,326,000 after acquiring an additional 5,740 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Republic Services by 60.0% during the third quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock valued at $2,906,000 after acquiring an additional 4,750 shares in the last quarter. Valley National Advisers Inc. boosted its stake in Republic Services by 148,250.0% in the 3rd quarter. Valley National Advisers Inc. now owns 8,901 shares of the business services provider’s stock worth $2,042,000 after purchasing an additional 8,895 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new stake in Republic Services during the 2nd quarter valued at about $1,880,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Up 0.1%

RSG stock opened at $210.99 on Friday. The business’s 50-day moving average is $212.61 and its two-hundred day moving average is $223.64. The company has a market cap of $65.31 billion, a price-to-earnings ratio of 31.40, a P/E/G ratio of 3.45 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 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 released its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.78 by $0.12. The firm had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.81 EPS. As a group, analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, January 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.20%.

Insider Activity at Republic Services

In related news, Director Katharine Weymouth bought 478 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were bought at an average cost of $209.46 per share, with a total value of $100,121.88. Following the acquisition, the director owned 5,740 shares in the company, valued at $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RSG shares. JPMorgan Chase & Co. cut their price target on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Citigroup lowered their price objective on Republic Services from $268.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday. UBS Group set a $220.00 target price on Republic Services in a report on Monday, January 5th. Oppenheimer set a $256.00 price objective on Republic Services in a research report on Friday, October 31st. Finally, Sanford C. Bernstein boosted their target price on Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $249.23.

About Republic Services

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.