Republic Services, Inc. (NYSE:RSG) Shares Sold by Hilton Capital Management LLC

Hilton Capital Management LLC reduced its position in shares of Republic Services, Inc. (NYSE:RSG) by 24.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,486 shares of the business services provider’s stock after selling 19,307 shares during the period. Republic Services accounts for about 1.0% of Hilton Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Hilton Capital Management LLC’s holdings in Republic Services were worth $11,766,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new stake in shares of Republic Services during the 3rd quarter worth about $25,000. Arcadia Investment Management Corp MI lifted its holdings in shares of Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after acquiring an additional 88 shares during the period. R Squared Ltd purchased a new position in shares of Republic Services during the 4th quarter worth about $32,000. Truvestments Capital LLC purchased a new position in shares of Republic Services during the 3rd quarter worth about $34,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Republic Services during the 3rd quarter worth about $39,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Down 0.7 %

RSG stock opened at $229.08 on Friday. Republic Services, Inc. has a twelve month low of $180.91 and a twelve month high of $240.95. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $71.54 billion, a P/E ratio of 35.30, a PEG ratio of 3.64 and a beta of 0.73. The firm has a 50 day simple moving average of $221.33 and a 200-day simple moving average of $211.50.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same quarter last year, the company earned $1.41 earnings per share. On average, equities research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio is presently 35.75%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RSG. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and increased their price objective for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. UBS Group raised their price target on shares of Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Cibc World Mkts upgraded shares of Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Finally, William Blair restated an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $236.88.

Insiders Place Their Bets

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the transaction, the chief operating officer now owns 10,416 shares of the company’s stock, valued at $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

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.