Virtu Financial LLC Buys Shares of 3,555 Republic Services, Inc. (NYSE:RSG)

Virtu Financial LLC purchased a new position in Republic Services, Inc. (NYSE:RSG) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,555 shares of the business services provider’s stock, valued at approximately $308,000.

A number of other hedge funds and other institutional investors have also modified their holdings of RSG. First Bank & Trust acquired a new stake in Republic Services during the second quarter worth about $35,000. Gradient Investments LLC increased its position in shares of Republic Services by 896.1% during the third quarter. Gradient Investments LLC now owns 508 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 457 shares during the period. Usca Ria LLC acquired a new position in shares of Republic Services in the third quarter valued at $45,000. Atlas Capital Advisors LLC acquired a new position in shares of Republic Services in the third quarter valued at $50,000. Finally, CSat Investment Advisory L.P. lifted its position in Republic Services by 206.8% in the second quarter. CSat Investment Advisory L.P. now owns 681 shares of the business services provider’s stock worth $59,000 after purchasing an additional 459 shares during the period. 57.82% of the stock is currently owned by institutional investors.

Shares of RSG stock opened at $88.25 on Friday. The company has a market capitalization of $28.29 billion, a P/E ratio of 28.56, a P/E/G ratio of 3.22 and a beta of 0.49. Republic Services, Inc. has a 12-month low of $68.94 and a 12-month high of $90.61. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.97. The firm has a 50-day moving average price of $87.14 and a 200 day moving average price of $87.15.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.06. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Republic Services had a net margin of 10.58% and a return on equity of 13.13%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. As a group, research analysts expect that Republic Services, Inc. will post 3.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, January 1st. Republic Services’s payout ratio is currently 52.43%.

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus set a $95.00 price target on shares of Republic Services and gave the stock a “buy” rating in a research note on Monday, September 23rd. Bank of America upgraded shares of Republic Services from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Friday, October 18th. Jefferies Financial Group began coverage on shares of Republic Services in a report on Wednesday, November 27th. They set a “buy” rating and a $100.00 price objective for the company. Finally, ValuEngine lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $89.75.

In other Republic Services news, insider Welborn John 3,000,000 shares of the stock in a transaction on Thursday, November 21st. 0.30% of the stock is owned by corporate insiders.

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.

See Also: Return on Investment (ROI)

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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