Republic Services, Inc. (NYSE:RSG) Stock Position Lessened by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. lessened its position in Republic Services, Inc. (NYSE:RSG) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 341,417 shares of the business services provider’s stock after selling 2,306 shares during the quarter. Republic Services makes up 4.3% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 4th largest holding. Guyasuta Investment Advisors Inc. owned approximately 0.11% of Republic Services worth $68,686,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RSG. FSA Wealth Management LLC acquired a new position in Republic Services during the 3rd quarter worth $25,000. Wolff Wiese Magana LLC grew its stake in Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares in the last quarter. R Squared Ltd acquired a new position in Republic Services during the 4th quarter worth $32,000. Truvestments Capital LLC acquired a new position in Republic Services during the 3rd quarter worth $34,000. Finally, Ashton Thomas Securities LLC acquired 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.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Jefferies Financial Group upped their price objective on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. CIBC upped their target price on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. William Blair reissued an “outperform” rating on shares of Republic Services in a research report on Friday. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and upped their target price for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Finally, Oppenheimer upped their price objective on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $225.38.

Insider Buying and Selling at Republic Services

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the sale, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Trading Up 2.9 %

Shares of RSG opened at $230.98 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $72.33 billion, a P/E ratio of 36.96, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74. The stock’s fifty day simple moving average is $210.65 and its 200 day simple moving average is $207.06. Republic Services, Inc. has a twelve month low of $177.03 and a twelve month high of $232.52.

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, topping the consensus estimate of $1.37 by $0.21. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. During the same period last year, the company posted $1.41 EPS. On average, equities research analysts forecast that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.00%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

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.