Ewa LLC Takes Position in Republic Services, Inc. (NYSE:RSG)

Ewa LLC bought a new stake in Republic Services, Inc. (NYSE:RSG) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,175 shares of the business services provider’s stock, valued at approximately $204,000.

Other institutional investors also recently modified their holdings of the company. FinTrust Capital Advisors LLC grew its holdings in shares of 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 acquiring an additional 71 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Republic Services in the fourth quarter valued at approximately $34,000. BKM Wealth Management LLC purchased a new position in Republic Services in the fourth quarter valued at approximately $37,000. Bruce G. Allen Investments LLC purchased a new position in Republic Services in the fourth quarter valued at approximately $41,000. Finally, Millburn Ridgefield Corp purchased a new position in Republic Services in the third quarter valued at approximately $36,000. 57.73% of the stock is owned by institutional investors.

Insider Activity at Republic Services

In related news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the transaction, the chief executive officer now owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on RSG. Jefferies Financial Group upped their price objective on Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, March 18th. BMO Capital Markets upped their price objective on Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Wells Fargo & Company upped their price objective on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Oppenheimer increased their target price on Republic Services from $182.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Finally, Citigroup increased their target price on Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $199.77.

Republic Services Price Performance

Shares of RSG stock traded up $1.24 on Monday, reaching $193.16. The company’s stock had a trading volume of 714,619 shares, compared to its average volume of 1,207,071. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13. Republic Services, Inc. has a 12-month low of $140.07 and a 12-month high of $193.82. The company has a market capitalization of $60.84 billion, a P/E ratio of 35.36, a PEG ratio of 3.36 and a beta of 0.68. The stock’s 50 day simple moving average is $187.36 and its 200-day simple moving average is $170.83.

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

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be paid a $0.535 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a yield of 1.11%. Republic Services’s dividend payout ratio is presently 39.12%.

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.