Telos Capital Management Inc. Sells 680 Shares of Republic Services, Inc. (NYSE:RSG)

Telos Capital Management Inc. reduced its stake in Republic Services, Inc. (NYSE:RSG) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,184 shares of the business services provider’s stock after selling 680 shares during the period. Telos Capital Management Inc.’s holdings in Republic Services were worth $6,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in RSG. Parcion Private Wealth LLC grew its holdings in shares of Republic Services by 0.3% during the fourth quarter. Parcion Private Wealth LLC now owns 23,808 shares of the business services provider’s stock worth $3,926,000 after purchasing an additional 68 shares during the last quarter. Stokes Family Office LLC increased its position in Republic Services by 2.2% in the 3rd quarter. Stokes Family Office LLC now owns 3,209 shares of the business services provider’s stock valued at $457,000 after acquiring an additional 70 shares during the period. WASHINGTON TRUST Co raised its stake in shares of Republic Services by 4.5% during the fourth quarter. WASHINGTON TRUST Co now owns 1,620 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 70 shares during the last quarter. FinTrust Capital Advisors LLC grew its stake in shares of Republic Services by 56.3% in the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after purchasing an additional 71 shares during the last quarter. Finally, Greenleaf Trust increased its holdings in Republic Services by 1.6% in the third quarter. Greenleaf Trust now owns 4,504 shares of the business services provider’s stock valued at $642,000 after purchasing an additional 72 shares during the period. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Up 0.6 %

Shares of NYSE:RSG traded up $1.04 during trading on Wednesday, reaching $188.52. 897,743 shares of the stock were exchanged, compared to its average volume of 1,183,438. The stock has a fifty day moving average of $185.00 and a two-hundred day moving average of $168.20. Republic Services, Inc. has a 1-year low of $135.33 and a 1-year high of $192.57. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $59.38 billion, a price-to-earnings ratio of 34.27, a price-to-earnings-growth ratio of 3.27 and a beta of 0.68.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.13. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period last year, the firm earned $1.13 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Republic Services, Inc. will post 6.01 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.535 per share. The ex-dividend date was Monday, April 1st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.14%. Republic Services’s dividend payout ratio is presently 39.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RSG shares. Oppenheimer upped their price target on Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Stifel Nicolaus boosted their price target on shares of Republic Services from $175.00 to $187.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Wells Fargo & Company increased their price objective on shares of Republic Services from $180.00 to $188.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Scotiabank assumed coverage on shares of Republic Services in a report on Monday, April 8th. They issued a “sector perform” rating and a $211.00 target price on the stock. Finally, Morgan Stanley downgraded Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price target for the company. in a report on Friday, March 15th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $199.77.

Insider Buying and Selling

In other news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the sale, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by company 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.