Sapient Capital LLC Acquires Shares of 1,381 Republic Services, Inc. (NYSE:RSG)

Sapient Capital LLC acquired a new stake in Republic Services, Inc. (NYSE:RSG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,381 shares of the business services provider’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC boosted its position in shares of Republic Services by 56.3% during the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after purchasing an additional 71 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Republic Services during the fourth quarter worth $34,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Republic Services during the first quarter worth $34,000. Millburn Ridgefield Corp bought a new position in shares of Republic Services during the third quarter worth $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Republic Services during the third quarter worth $36,000. 57.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Oppenheimer lifted their price target 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. Jefferies Financial Group raised their price objective on shares of Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, March 18th. 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 report on Tuesday, February 6th. Royal Bank of Canada initiated coverage on shares of Republic Services in a report on Monday, April 8th. They set a “sector perform” rating and a $198.00 price objective on the stock. Finally, The Goldman Sachs Group raised their price objective on shares of Republic Services from $182.00 to $209.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.15.

Republic Services Stock Down 0.3 %

Shares of RSG stock opened at $187.27 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. Republic Services, Inc. has a 1 year low of $135.33 and a 1 year high of $192.57. The firm’s fifty day moving average price is $184.72 and its two-hundred day moving average price is $167.88. The firm has a market capitalization of $58.99 billion, a P/E ratio of 34.24, a PEG ratio of 3.29 and a beta of 0.68.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.13. The company 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%. Republic Services’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 EPS. On average, equities analysts predict that Republic Services, Inc. will post 6 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were paid a dividend of $0.535 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.14 annualized dividend and a dividend yield of 1.14%. Republic Services’s dividend payout ratio is presently 39.12%.

Insider Transactions at Republic Services

In other news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction dated 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 directly 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 can be accessed 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.