Latitude Advisors LLC Acquires New Holdings in Republic Services, Inc. (NYSE:RSG)

Latitude Advisors LLC bought a new stake in Republic Services, Inc. (NYSE:RSGFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,346 shares of the business services provider’s stock, valued at approximately $222,000.

Several other institutional investors have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC raised its stake in Republic Services by 56.3% in the 3rd 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 during the period. Turtle Creek Wealth Advisors LLC bought a new position in Republic Services in the fourth quarter valued at about $34,000. Strategic Investment Solutions Inc. IL bought a new position in Republic Services in the first quarter valued at about $34,000. Millburn Ridgefield Corp bought a new position in Republic Services in the third quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Republic Services during the third quarter worth about $36,000. Institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on RSG shares. The Goldman Sachs Group raised their target price on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup increased their target price on shares of Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Jefferies Financial Group upped their price objective on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. Scotiabank assumed coverage on shares of Republic Services in a report on Monday, April 8th. They set a “sector perform” rating and a $211.00 target price on the stock. Finally, BMO Capital Markets upped their price target on shares of Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $199.77.

Read Our Latest Stock Report on RSG

Republic Services Stock Performance

Republic Services stock opened at $188.95 on Thursday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. The firm has a 50-day moving average of $185.28 and a 200-day moving average of $168.34. The firm has a market cap of $59.52 billion, a P/E ratio of 34.54, a P/E/G ratio of 3.28 and a beta of 0.68. Republic Services, Inc. has a 1-year low of $135.33 and a 1-year high of $192.57.

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

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were issued a $0.535 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.14 annualized dividend and a yield of 1.13%. Republic Services’s dividend payout ratio (DPR) is presently 39.12%.

Insiders Place Their Bets

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 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 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 through the SEC website. 0.09% of the stock is currently owned by company insiders.

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.

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

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