Republic Services, Inc. (NYSE:RSG) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC cut its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 15.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,035 shares of the business services provider’s stock after selling 5,586 shares during the period. Orion Portfolio Solutions LLC’s holdings in Republic Services were worth $6,244,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. FSA Wealth Management LLC bought a new position in shares of Republic Services in the third quarter worth $25,000. Arcadia Investment Management Corp MI grew its position in Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after buying an additional 88 shares in the last quarter. R Squared Ltd acquired a new position in Republic Services during the 4th quarter valued at about $32,000. New Age Alpha Advisors LLC raised its position in shares of Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock worth $36,000 after buying an additional 73 shares in the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in shares of Republic Services in the fourth quarter valued at approximately $45,000. 57.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RSG has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their target price on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and raised their target price for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Morgan Stanley boosted their price target on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Finally, CIBC raised shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 target price for the company in a research note on Tuesday, March 4th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and a consensus price target of $236.88.

Insider Transactions at Republic Services

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

Republic Services Stock Performance

Shares of RSG stock opened at $238.37 on Friday. The stock’s fifty day simple moving average is $227.72 and its 200-day simple moving average is $213.80. The company has a market capitalization of $74.44 billion, a price-to-earnings ratio of 36.73, a P/E/G ratio of 3.64 and a beta of 0.73. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 1-year low of $180.92 and a 1-year high of $241.09.

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

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio is currently 35.75%.

Republic Services 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.