Crewe Advisors LLC Purchases New Holdings in Republic Services, Inc. (NYSE:RSG)

Crewe Advisors LLC purchased a new stake in Republic Services, Inc. (NYSE:RSG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 468 shares of the business services provider’s stock, valued at approximately $90,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. YHB Investment Advisors Inc. acquired a new stake in Republic Services during the first quarter valued at approximately $29,000. Bogart Wealth LLC acquired a new stake in Republic Services during the fourth quarter valued at approximately $30,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Republic Services during the fourth quarter valued at approximately $34,000. Jones Financial Companies Lllp raised its stake in Republic Services by 3,014.3% during the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after buying an additional 211 shares in the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in Republic Services during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

RSG has been the topic of a number of research reports. The Goldman Sachs Group increased their price target on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft initiated coverage on Republic Services in a research report on Thursday, May 23rd. They issued a “hold” rating and a $203.00 target price on the stock. Royal Bank of Canada raised their target price on Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a research report on Thursday. Oppenheimer lowered their target price on Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Robert W. Baird raised their target price on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $211.69.

Republic Services Price Performance

Shares of RSG traded up $1.43 during trading hours on Friday, hitting $190.77. 286,083 shares of the company were exchanged, compared to its average volume of 1,201,844. The company has a market capitalization of $60.08 billion, a PE ratio of 33.31, a PEG ratio of 3.38 and a beta of 0.69. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a fifty day simple moving average of $192.20 and a 200-day simple moving average of $185.67. Republic Services, Inc. has a one year low of $140.23 and a one year high of $206.54.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) 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 analyst estimates of $3.89 billion. Republic Services had a return on equity of 18.00% and a net margin of 12.11%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. As a group, sell-side analysts predict that Republic Services, Inc. will post 6.05 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be given a $0.58 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, October 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.54%.

Republic Services Company 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.