Republic Services, Inc. (NYSE:RSG) Shares Bought by Independent Advisor Alliance

Independent Advisor Alliance grew its holdings in Republic Services, Inc. (NYSE:RSG) by 3.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 10,428 shares of the business services provider’s stock after buying an additional 378 shares during the period. Independent Advisor Alliance’s holdings in Republic Services were worth $2,098,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new position in Republic Services during the 3rd quarter valued at approximately $25,000. Arcadia Investment Management Corp MI increased its position in shares of Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 88 shares during the period. R Squared Ltd acquired a new stake in Republic Services during the 4th quarter worth about $32,000. Truvestments Capital LLC purchased a new stake in Republic Services during the 3rd quarter valued at about $34,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Republic Services in the third quarter worth about $39,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of Republic Services stock opened at $229.08 on Friday. The firm has a market capitalization of $71.54 billion, a P/E ratio of 35.30, a P/E/G ratio of 3.64 and a beta of 0.73. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 52 week low of $180.91 and a 52 week high of $240.95. The firm’s 50 day moving average is $221.33 and its two-hundred day moving average is $211.50.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same period last year, the firm posted $1.41 EPS. Research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. 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 currently 35.75%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RSG shares. Argus set a $260.00 target price on shares of Republic Services in a research report on Tuesday, February 18th. Cibc World Mkts raised Republic Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Jefferies Financial Group upped their price objective on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Stifel Nicolaus raised their price objective on shares of Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group boosted their price target on shares of Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and an average price target of $236.88.

Insider Buying and Selling at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares in the company, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by company insiders.

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.