Capital Investment Advisory Services LLC Sells 69 Shares of Republic Services, Inc. (NYSE:RSG)

Capital Investment Advisory Services LLC cut its stake in Republic Services, Inc. (NYSE:RSG) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,517 shares of the business services provider’s stock after selling 69 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Republic Services were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of RSG. Magellan Asset Management Ltd raised its stake in shares of Republic Services by 1,497,159.0% in the third quarter. Magellan Asset Management Ltd now owns 913,328 shares of the business services provider’s stock worth $130,158,000 after purchasing an additional 913,267 shares during the last quarter. FMR LLC raised its stake in shares of Republic Services by 34.4% in the third quarter. FMR LLC now owns 2,202,405 shares of the business services provider’s stock worth $313,865,000 after purchasing an additional 563,761 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Republic Services in the fourth quarter worth approximately $77,417,000. Envestnet Asset Management Inc. raised its stake in shares of Republic Services by 50.9% in the third quarter. Envestnet Asset Management Inc. now owns 900,653 shares of the business services provider’s stock worth $128,352,000 after purchasing an additional 303,754 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of Republic Services by 1,383.0% in the third quarter. Panagora Asset Management Inc. now owns 241,098 shares of the business services provider’s stock worth $34,359,000 after purchasing an additional 224,841 shares during the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the transaction, the chief executive officer now directly owns 85,113 shares in the company, valued at $15,669,303.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.09% of the stock is owned by company insiders.

Republic Services Price Performance

Republic Services stock opened at $191.99 on Thursday. Republic Services, Inc. has a one year low of $135.33 and a one year high of $192.99. The business has a fifty day moving average price of $186.86 and a 200-day moving average price of $170.01. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $60.47 billion, a P/E ratio of 35.10, a PEG ratio of 3.33 and a beta of 0.68.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company earned $1.13 earnings per share. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.01 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 1.11%. The ex-dividend date was Monday, April 1st. Republic Services’s payout ratio is 39.12%.

Analysts Set New Price Targets

A number of analysts recently commented on RSG shares. UBS Group downgraded Republic Services from a “buy” rating to a “neutral” rating and increased their price target for the company from $175.00 to $195.00 in a research report on Thursday, February 29th. The Goldman Sachs Group increased their price target on Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Citigroup increased their price target on Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Royal Bank of Canada started coverage on Republic Services in a research report on Monday, April 8th. They set a “sector perform” rating and a $198.00 price target for the company. Finally, Oppenheimer increased their price target on Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $199.77.

About Republic Services

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.