Tandem Investment Advisors Inc. Acquires 21,681 Shares of Republic Services, Inc. $RSG

Tandem Investment Advisors Inc. raised its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 9.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 241,920 shares of the business services provider’s stock after purchasing an additional 21,681 shares during the period. Republic Services accounts for 1.9% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 24th largest position. Tandem Investment Advisors Inc.’s holdings in Republic Services were worth $55,516,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Republic Services in the second quarter worth $690,313,000. M&G PLC boosted its stake in Republic Services by 113.0% in the 2nd quarter. M&G PLC now owns 1,164,656 shares of the business services provider’s stock worth $287,670,000 after purchasing an additional 617,939 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Republic Services by 118.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider’s stock valued at $198,869,000 after purchasing an additional 437,190 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in Republic Services by 174.6% in the second quarter. Qube Research & Technologies Ltd now owns 685,448 shares of the business services provider’s stock worth $169,038,000 after buying an additional 435,816 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Republic Services by 21.3% in the second quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock worth $573,443,000 after buying an additional 408,885 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Republic Services Trading Down 1.1%

NYSE:RSG opened at $215.28 on Friday. Republic Services, Inc. has a one year low of $201.42 and a one year high of $258.75. The business has a fifty day moving average price of $213.54 and a 200-day moving average price of $222.19. The firm has a market capitalization of $66.64 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 3.55 and a beta of 0.55. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.58.

Republic Services (NYSE:RSG) last released its earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.12. The company had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.81 EPS. Sell-side analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Insider Transactions at Republic Services

In other Republic Services news, Director Katharine Weymouth purchased 478 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were acquired at an average cost of $209.46 per share, with a total value of $100,121.88. Following the completion of the acquisition, the director directly owned 5,740 shares in the company, valued at $1,202,300.40. The trade was a 9.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on RSG. UBS Group set a $220.00 target price on Republic Services in a research note on Monday, January 5th. JPMorgan Chase & Co. dropped their price objective on Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Bank of America decreased their target price on Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Oppenheimer dropped their price target on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Finally, National Bankshares decreased their price objective on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $248.82.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.