Tandem Investment Advisors Inc. trimmed its stake in Republic Services, Inc. (NYSE:RSG) by 1.3% in the 1st quarter, Holdings Channel reports. The firm owned 182,993 shares of the business services provider’s stock after selling 2,414 shares during the period. Republic Services comprises approximately 3.2% of Tandem Investment Advisors Inc.’s holdings, making the stock its 13th largest position. Tandem Investment Advisors Inc.’s holdings in Republic Services were worth $14,709,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. FTB Advisors Inc. bought a new stake in shares of Republic Services during the 4th quarter worth approximately $25,000. Dubuque Bank & Trust Co. grew its stake in Republic Services by 74.5% during the 1st quarter. Dubuque Bank & Trust Co. now owns 480 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 205 shares during the last quarter. Claybrook Capital LLC purchased a new stake in Republic Services during the 4th quarter valued at about $46,000. Capital Investment Advisory Services LLC purchased a new stake in Republic Services during the 4th quarter valued at about $67,000. Finally, Lavaca Capital LLC purchased a new stake in Republic Services during the 4th quarter valued at about $76,000. 60.76% of the stock is owned by institutional investors and hedge funds.

RSG has been the subject of several analyst reports. Zacks Investment Research raised Republic Services from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Thursday, December 20th. UBS Group cut Republic Services from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $83.00 to $77.00 in a report on Thursday, January 10th. Finally, KeyCorp initiated coverage on Republic Services in a report on Monday, February 4th. They issued a “sector weight” rating and a $77.73 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $79.10.

In related news, Director Tomago Collins sold 4,102 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $80.59, for a total value of $330,580.18. Following the completion of the transaction, the director now owns 14,821 shares of the company’s stock, valued at approximately $1,194,424.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey A. Hughes sold 10,118 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $80.40, for a total value of $813,487.20. The disclosure for this sale can be found here. Insiders sold a total of 21,700 shares of company stock valued at $1,729,597 in the last ninety days. 0.30% of the stock is currently owned by insiders.

Shares of RSG stock traded up $0.62 on Monday, hitting $78.84. The company had a trading volume of 55,461 shares, compared to its average volume of 1,327,680. The stock has a market cap of $25.41 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 2.69 and a beta of 0.58. Republic Services, Inc. has a twelve month low of $64.13 and a twelve month high of $81.20. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.96.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Republic Services had a return on equity of 12.84% and a net margin of 10.33%. Republic Services’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. Sell-side analysts anticipate that Republic Services, Inc. will post 3.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be issued a $0.375 dividend. The ex-dividend date is Friday, March 29th. This represents a $1.50 dividend on an annualized basis and a yield of 1.90%. Republic Services’s payout ratio is 48.54%.

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Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.

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

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