23,811 Shares in Republic Services, Inc. $RSG Purchased by CPC Advisors LLC

CPC Advisors LLC acquired a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the third quarter, HoldingsChannel.com reports. The firm acquired 23,811 shares of the business services provider’s stock, valued at approximately $5,464,000.

A number of other institutional investors have also recently made changes to their positions in the company. Ignite Planners LLC increased its position in shares of Republic Services by 2.8% during the second quarter. Ignite Planners LLC now owns 1,562 shares of the business services provider’s stock valued at $376,000 after acquiring an additional 43 shares in the last quarter. L2 Asset Management LLC boosted its stake in Republic Services by 5.0% during the 2nd quarter. L2 Asset Management LLC now owns 908 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 43 shares during the last quarter. Gries Financial LLC increased its holdings in shares of Republic Services by 3.8% in the 2nd quarter. Gries Financial LLC now owns 1,249 shares of the business services provider’s stock worth $308,000 after purchasing an additional 46 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Republic Services by 17.8% in the second quarter. TD Private Client Wealth LLC now owns 305 shares of the business services provider’s stock worth $75,000 after purchasing an additional 46 shares during the last quarter. Finally, ANB Bank lifted its holdings in shares of Republic Services by 2.8% during the third quarter. ANB Bank now owns 1,691 shares of the business services provider’s stock valued at $388,000 after purchasing an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Jefferies Financial Group set a $248.00 target price on Republic Services and gave the stock a “buy” rating in a research report on Monday, November 3rd. Oppenheimer set a $256.00 price target on shares of Republic Services in a research note on Friday, October 31st. Robert W. Baird set a $240.00 price objective on shares of Republic Services in a research report on Friday, October 31st. Stifel Nicolaus cut their target price on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Republic Services in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.41.

Insider Activity

In other news, Director Katharine Weymouth bought 478 shares of Republic Services stock in a transaction that occurred on Tuesday, December 9th. The stock was bought at an average cost of $209.46 per share, with a total value of $100,121.88. Following the acquisition, the director owned 5,740 shares of the company’s stock, valued at $1,202,300.40. The trade was a 9.08% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

Republic Services Stock Down 0.7%

RSG opened at $210.76 on Tuesday. Republic Services, Inc. has a 1-year low of $201.42 and a 1-year high of $258.75. The firm’s 50 day simple moving average is $212.25 and its two-hundred day simple moving average is $224.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $65.24 billion, a PE ratio of 31.36, a PEG ratio of 3.47 and a beta of 0.55.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.78 by $0.12. The firm had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.Republic Services’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.81 EPS. As a group, equities analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, January 2nd. Republic Services’s payout ratio is presently 37.20%.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.