Trust Investment Advisors Takes $210,000 Position in Republic Services, Inc. (NYSE:RSG)

Trust Investment Advisors acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,276 shares of the business services provider’s stock, valued at approximately $210,000.

A number of other institutional investors have also recently bought and sold shares of the business. Parcion Private Wealth LLC grew its holdings in shares of Republic Services by 0.3% during the 4th quarter. Parcion Private Wealth LLC now owns 23,808 shares of the business services provider’s stock worth $3,926,000 after purchasing an additional 68 shares in the last quarter. Stokes Family Office LLC raised its position in Republic Services by 2.2% in the 3rd quarter. Stokes Family Office LLC now owns 3,209 shares of the business services provider’s stock valued at $457,000 after purchasing an additional 70 shares during the last quarter. WASHINGTON TRUST Co raised its position in Republic Services by 4.5% in the 4th quarter. WASHINGTON TRUST Co now owns 1,620 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 70 shares during the last quarter. FinTrust Capital Advisors LLC raised its position in Republic Services by 56.3% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 71 shares during the last quarter. Finally, Greenleaf Trust raised its position in Republic Services by 1.6% in the 3rd quarter. Greenleaf Trust now owns 4,504 shares of the business services provider’s stock valued at $642,000 after purchasing an additional 72 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on RSG. Morgan Stanley downgraded Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a research report on Friday, March 15th. Oppenheimer boosted their target price on 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 boosted their target price on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Wells Fargo & Company boosted their target price on Republic Services from $180.00 to $188.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Finally, The Goldman Sachs Group boosted their target price on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $199.77.

Insider Buying and Selling at Republic Services

In other news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was 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 $15,669,303.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

Republic Services Trading Up 0.0 %

NYSE RSG traded up $0.02 on Thursday, reaching $188.97. The company had a trading volume of 1,586,282 shares, compared to its average volume of 1,196,560. The stock’s 50 day moving average is $185.28 and its 200-day moving average is $168.34. The stock has a market cap of $59.52 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 3.28 and a beta of 0.68. 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, Inc. has a 52 week low of $135.33 and a 52 week high of $192.57.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.13. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Equities analysts predict that Republic Services, Inc. will post 6.01 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were paid a $0.535 dividend. The ex-dividend date was Monday, April 1st. This represents a $2.14 dividend on an annualized basis and a yield of 1.13%. Republic Services’s payout ratio is 39.12%.

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.