Republic Services, Inc. (NYSE:RSG) Shares Sold by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC lowered its stake in shares of Republic Services, Inc. (NYSE:RSG) by 35.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,687 shares of the business services provider’s stock after selling 944 shares during the period. Capital Asset Advisory Services LLC’s holdings in Republic Services were worth $318,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bogart Wealth LLC acquired a new stake in shares of Republic Services in the fourth quarter valued at $30,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Republic Services during the 4th quarter worth approximately $34,000. Jones Financial Companies Lllp lifted its holdings in Republic Services by 3,014.3% during the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after buying an additional 211 shares in the last quarter. BKM Wealth Management LLC purchased a new position in Republic Services in the 4th quarter valued at approximately $37,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Republic Services in the fourth quarter worth $41,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of Republic Services stock traded down $0.48 on Friday, hitting $194.34. The stock had a trading volume of 4,315,238 shares, compared to its average volume of 1,196,670. The company’s 50 day moving average price is $188.74 and its 200 day moving average price is $181.12. The stock has a market cap of $61.20 billion, a price-to-earnings ratio of 34.09, a P/E/G ratio of 3.26 and a beta of 0.68. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 52-week low of $140.23 and a 52-week high of $196.76.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.10. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 earnings per share. On average, research analysts anticipate that Republic Services, Inc. will post 6.05 EPS for the current year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 1.10%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.54%.

Insider Buying and Selling at Republic Services

In other news, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the transaction, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at approximately $1,270,702.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Katharine Weymouth bought 540 shares of Republic Services stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average price of $185.26 per share, with a total value of $100,040.40. Following the purchase, the director now directly owns 540 shares in the company, valued at approximately $100,040.40. The disclosure for this purchase can be found here. 0.09% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on RSG. UBS Group lifted their target price on Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Scotiabank boosted their price objective on Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Republic Services in a research note on Thursday, May 23rd. They set a “hold” rating and a $203.00 target price on the stock. Oppenheimer lifted their price target on shares of Republic Services from $202.00 to $204.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, The Goldman Sachs Group increased their price objective on shares of Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.14.

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.