Tectonic Advisors LLC Has $309,000 Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Tectonic Advisors LLC lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 5.0% during the fourth quarter, Holdings Channel reports. The firm owned 1,876 shares of the business services provider’s stock after purchasing an additional 90 shares during the quarter. Tectonic Advisors LLC’s holdings in Republic Services were worth $309,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RSG. FinTrust Capital Advisors LLC grew its stake in Republic Services by 56.3% in the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 71 shares in the last quarter. BKM Wealth Management LLC purchased a new position in Republic Services in the fourth quarter valued at about $37,000. Bruce G. Allen Investments LLC purchased a new position in Republic Services in the fourth quarter valued at about $41,000. Strategic Investment Solutions Inc. IL purchased a new position in Republic Services in the first quarter valued at about $34,000. Finally, Millburn Ridgefield Corp purchased a new position in Republic Services in the third quarter valued at about $36,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Down 0.0 %

NYSE RSG opened at $189.69 on Wednesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. Republic Services, Inc. has a 1-year low of $130.34 and a 1-year high of $192.57. The company has a 50 day moving average of $179.03 and a 200-day moving average of $163.50. The company has a market cap of $59.68 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 3.32 and a beta of 0.67.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.13. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the business earned $1.13 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts expect that Republic Services, Inc. will post 6 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 Monday, April 15th. Stockholders of record on Tuesday, April 2nd will be issued a dividend of $0.535 per share. The ex-dividend date is Monday, April 1st. This represents a $2.14 annualized dividend and a dividend yield of 1.13%. Republic Services’s dividend payout ratio (DPR) is presently 39.12%.

Insider Transactions at Republic Services

In other news, CEO Ark Jon Vander sold 5,446 shares of the company’s stock in a transaction on Monday, March 4th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

RSG has been the subject of several recent analyst reports. Wells Fargo & Company upped their price target on Republic Services from $180.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Stifel Nicolaus upped their price target on Republic Services from $175.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Citigroup upped their price target on Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. UBS Group downgraded Republic Services from a “buy” rating to a “neutral” rating and upped their price target for the stock from $175.00 to $195.00 in a research note on Thursday, February 29th. Finally, Jefferies Financial Group boosted their price objective on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average price target of $193.54.

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.