2,192 Shares in Republic Services, Inc. (NYSE:RSG) Purchased by Certior Financial Group LLC

Certior Financial Group LLC bought a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the fourth quarter, Holdings Channel reports. The firm bought 2,192 shares of the business services provider’s stock, valued at approximately $441,000.

Other institutional investors have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI raised its stake in shares of Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after purchasing an additional 88 shares in the last quarter. R Squared Ltd bought a new position in Republic Services during the fourth quarter valued at about $32,000. New Age Alpha Advisors LLC lifted its holdings in Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock worth $36,000 after purchasing an additional 73 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Republic Services during the 4th quarter worth $45,000. Finally, Bank of Jackson Hole Trust acquired a new position in Republic Services during the 4th quarter worth $48,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on RSG. Cibc World Mkts raised shares of Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Jefferies Financial Group raised their target price on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and boosted their price target for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Finally, UBS Group increased their price target on Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $236.88.

Republic Services Stock Down 5.3 %

RSG stock opened at $235.29 on Monday. Republic Services, Inc. has a fifty-two week low of $180.92 and a fifty-two week high of $249.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The stock has a market capitalization of $73.48 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 3.64 and a beta of 0.62. The business’s fifty day moving average price is $230.70 and its two-hundred day moving average price is $215.25.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the company earned $1.41 EPS. On average, equities analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.99%. Republic Services’s payout ratio is 35.75%.

Insider Transactions at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is currently owned by insiders.

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.