Orion Portfolio Solutions LLC acquired a new position in Republic Services, Inc. (NYSE:RSG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,267 shares of the business services provider’s stock, valued at approximately $114,000.

Other institutional investors also recently bought and sold shares of the company. Montag A & Associates Inc. grew its holdings in Republic Services by 0.4% during the fourth quarter. Montag A & Associates Inc. now owns 27,915 shares of the business services provider’s stock worth $2,502,000 after buying an additional 120 shares in the last quarter. CSat Investment Advisory L.P. grew its holdings in Republic Services by 17.1% during the fourth quarter. CSat Investment Advisory L.P. now owns 854 shares of the business services provider’s stock worth $76,000 after buying an additional 125 shares in the last quarter. Lenox Wealth Management Inc. grew its holdings in Republic Services by 8.6% during the fourth quarter. Lenox Wealth Management Inc. now owns 1,668 shares of the business services provider’s stock worth $150,000 after buying an additional 132 shares in the last quarter. First Allied Advisory Services Inc. grew its holdings in Republic Services by 3.7% during the fourth quarter. First Allied Advisory Services Inc. now owns 3,847 shares of the business services provider’s stock worth $349,000 after buying an additional 136 shares in the last quarter. Finally, Clarius Group LLC grew its holdings in Republic Services by 3.9% during the fourth quarter. Clarius Group LLC now owns 3,745 shares of the business services provider’s stock worth $347,000 after buying an additional 140 shares in the last quarter. 58.58% of the stock is currently owned by institutional investors.

Shares of RSG stock traded up $0.25 on Wednesday, hitting $71.74. 2,745,370 shares of the stock were exchanged, compared to its average volume of 1,514,732. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $22.08 billion, a PE ratio of 21.54, a P/E/G ratio of 2.40 and a beta of 0.51. Republic Services, Inc. has a one year low of $65.37 and a one year high of $100.91. The firm’s 50 day moving average is $91.27 and its two-hundred day moving average is $89.29.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Republic Services had a return on equity of 13.44% and a net margin of 10.42%. On average, sell-side analysts expect that Republic Services, Inc. will post 3.5 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be issued a $0.405 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.62 annualized dividend and a dividend yield of 2.26%. Republic Services’s payout ratio is currently 48.50%.

Several equities research analysts recently issued reports on the company. UBS Group upgraded Republic Services from a “neutral” rating to a “buy” rating and upped their price target for the stock from $90.00 to $109.00 in a report on Wednesday, March 4th. BMO Capital Markets upped their price objective on Republic Services from $98.00 to $101.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Oppenheimer upgraded Republic Services from a “market perform” rating to an “outperform” rating and set a $109.00 price objective for the company in a research note on Friday, February 28th. Deutsche Bank upped their price objective on Republic Services from $96.00 to $102.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Finally, Bank of America upgraded Republic Services from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 11th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $98.91.

In other Republic Services news, Director Ramon A. Rodriguez sold 4,127 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $100.46, for a total value of $414,598.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Charles F. Serianni sold 1,500 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $99.55, for a total value of $149,325.00. Following the transaction, the chief financial officer now owns 48,768 shares in the company, valued at $4,854,854.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,754 shares of company stock worth $3,420,724. Insiders own 0.30% of the company’s stock.

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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