Guardian Capital LP Has $18.24 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Guardian Capital LP lessened its position in shares of Republic Services, Inc. (NYSE:RSGFree Report) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,597 shares of the business services provider’s stock after selling 1,558 shares during the period. Guardian Capital LP’s holdings in Republic Services were worth $18,239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Choate Investment Advisors bought a new position in Republic Services during the third quarter worth about $225,000. Fifth Third Bancorp grew its position in Republic Services by 0.8% during the third quarter. Fifth Third Bancorp now owns 47,061 shares of the business services provider’s stock worth $6,707,000 after buying an additional 369 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Republic Services by 1,383.0% during the 3rd quarter. Panagora Asset Management Inc. now owns 241,098 shares of the business services provider’s stock worth $34,359,000 after acquiring an additional 224,841 shares during the period. Allworth Financial LP lifted its position in shares of Republic Services by 42.4% during the 3rd quarter. Allworth Financial LP now owns 517 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 154 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in shares of Republic Services by 4.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 132,422 shares of the business services provider’s stock worth $18,871,000 after purchasing an additional 5,810 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Down 0.5 %

Shares of Republic Services stock traded down $0.89 during trading on Tuesday, hitting $187.34. The company’s stock had a trading volume of 777,260 shares, compared to its average volume of 1,237,732. The stock has a market cap of $59.00 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 3.05 and a beta of 0.67. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53. Republic Services, Inc. has a 52 week low of $140.07 and a 52 week high of $196.76. The stock has a 50-day moving average price of $188.43 and a two-hundred day moving average price of $174.08.

Republic Services (NYSE:RSGGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Republic Services, Inc. will post 6.05 EPS 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 issued a $0.535 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a yield of 1.14%. Republic Services’s payout ratio is 37.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RSG shares. Royal Bank of Canada initiated coverage on shares of Republic Services in a research report on Monday, April 8th. They set a “sector perform” rating and a $198.00 price objective for the company. BMO Capital Markets boosted their price objective on shares of Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Citigroup raised their target price on Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Wells Fargo & Company boosted their price target on Republic Services from $180.00 to $188.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Finally, Oppenheimer raised their price objective on Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.00.

Read Our Latest Stock Report on RSG

Insider Buying and Selling at Republic Services

In other news, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the transaction, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the sale, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Republic Services Company Profile

(Free Report)

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.

See Also

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

Receive News & Ratings for Republic Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services and related companies with MarketBeat.com's FREE daily email newsletter.