Republic Services, Inc. (NYSE:RSG) Shares Sold by Clarius Group LLC

Clarius Group LLC lowered its position in Republic Services, Inc. (NYSE:RSG) by 8.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,321 shares of the business services provider’s stock after selling 227 shares during the quarter. Clarius Group LLC’s holdings in Republic Services were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in RSG. FinTrust Capital Advisors LLC increased its holdings in Republic Services by 56.3% in the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock valued at $28,000 after buying an additional 71 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in Republic Services in the fourth quarter valued at about $34,000. Strategic Investment Solutions Inc. IL purchased a new position in Republic Services in the first quarter valued at about $34,000. Millburn Ridgefield Corp purchased a new position in Republic Services in the third quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Republic Services during the 3rd quarter worth approximately $36,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Down 0.7 %

Shares of RSG opened at $187.82 on Monday. The firm has a market cap of $59.16 billion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 3.29 and a beta of 0.68. The company’s fifty day moving average is $184.44 and its two-hundred day moving average is $167.58. Republic Services, Inc. has a fifty-two week low of $135.33 and a fifty-two week high of $192.57. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.13. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.73 billion. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 EPS. Analysts forecast that Republic Services, Inc. will post 6 earnings per share for the current year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, April 2nd will be issued a dividend of $0.535 per share. The ex-dividend date of this dividend is Monday, April 1st. This represents a $2.14 annualized dividend and a dividend yield of 1.14%. Republic Services’s payout ratio is 39.12%.

Wall Street Analyst Weigh In

RSG has been the subject of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of Republic Services from $180.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Royal Bank of Canada initiated coverage on shares of Republic Services in a research note on Monday, April 8th. They set a “sector perform” rating and a $198.00 price objective for the company. BMO Capital Markets raised their price objective on shares of Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Scotiabank initiated coverage on shares of Republic Services in a research note on Monday, April 8th. They set a “sector perform” rating and a $211.00 price objective for the company. Finally, Oppenheimer raised their target price on shares of Republic Services from $182.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $198.15.

Insider Activity at Republic Services

In related news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction on Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the transaction, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

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.