Savant Capital LLC cut its position in Republic Services, Inc. (NYSE:RSG) by 1.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,547 shares of the business services provider’s stock after selling 569 shares during the quarter. Savant Capital LLC’s holdings in Republic Services were worth $2,536,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RSG. Trust Co. of Vermont raised its holdings in shares of Republic Services by 149.2% during the 1st quarter. Trust Co. of Vermont now owns 1,251 shares of the business services provider’s stock worth $101,000 after buying an additional 749 shares in the last quarter. Sigma Planning Corp increased its holdings in Republic Services by 1.3% in the 1st quarter. Sigma Planning Corp now owns 23,025 shares of the business services provider’s stock worth $1,851,000 after purchasing an additional 304 shares in the last quarter. Montag A & Associates Inc. acquired a new position in Republic Services in the 1st quarter worth about $1,382,000. Parallel Advisors LLC increased its holdings in Republic Services by 13.5% in the 1st quarter. Parallel Advisors LLC now owns 5,421 shares of the business services provider’s stock worth $436,000 after purchasing an additional 644 shares in the last quarter. Finally, Moors & Cabot Inc. acquired a new position in Republic Services in the 1st quarter worth about $578,000. Institutional investors and hedge funds own 58.96% of the company’s stock.
Shares of Republic Services stock traded down $0.38 on Wednesday, hitting $83.67. The company had a trading volume of 1,142,814 shares, compared to its average volume of 1,239,837. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.86. The company has a market cap of $27.19 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 2.75 and a beta of 0.57. Republic Services, Inc. has a 1 year low of $66.83 and a 1 year high of $85.40.
Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.01. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.50 billion. Republic Services had a return on equity of 12.72% and a net margin of 10.25%. Republic Services’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the business posted $0.74 earnings per share. As a group, research analysts anticipate that Republic Services, Inc. will post 3.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Friday, June 28th. Republic Services’s payout ratio is 48.54%.
In related news, President Ark Jon Vander sold 19,278 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $82.33, for a total transaction of $1,587,157.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Donald W. Slager sold 69,966 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $82.66, for a total value of $5,783,389.56. Following the sale, the chief executive officer now directly owns 287,610 shares of the company’s stock, valued at $23,773,842.60. The disclosure for this sale can be found here. Insiders have sold 151,575 shares of company stock valued at $12,472,125 over the last ninety days. 0.30% of the stock is currently owned by company insiders.
RSG has been the subject of several recent research reports. Stifel Nicolaus raised Republic Services from a “hold” rating to a “buy” rating and increased their price target for the company from $86.00 to $90.00 in a research note on Monday, April 29th. Zacks Investment Research raised Republic Services from a “sell” rating to a “hold” rating in a research note on Thursday, March 28th. Bank of America reissued a “neutral” rating and issued a $85.00 price target (up previously from $79.00) on shares of Republic Services in a research note on Friday, April 26th. UBS Group upped their target price on Republic Services from $79.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Finally, Royal Bank of Canada assumed coverage on Republic Services in a research report on Wednesday, May 1st. They set a “sector perform” rating and a $87.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Republic Services currently has a consensus rating of “Hold” and an average target price of $81.97.
Republic Services Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.
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