Republic Services, Inc. (NYSE:RSG) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 354,490 shares of the business services provider’s stock after selling 5,319 shares during the period. Republic Services makes up about 4.2% of Guyasuta Investment Advisors Inc.’s portfolio, making the stock its 3rd biggest position. Guyasuta Investment Advisors Inc. owned about 0.11% of Republic Services worth $58,459,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. PGGM Investments increased its holdings in Republic Services by 35.7% in the 4th quarter. PGGM Investments now owns 3,829 shares of the business services provider’s stock worth $631,000 after acquiring an additional 1,008 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Republic Services in the fourth quarter valued at about $376,000. Mountain Pacific Investment Advisers Inc. ID purchased a new stake in shares of Republic Services in the fourth quarter valued at about $217,000. New Jersey Better Educational Savings Trust purchased a new stake in shares of Republic Services in the fourth quarter valued at about $231,000. Finally, Syon Capital LLC lifted its position in Republic Services by 7.2% in the fourth quarter. Syon Capital LLC now owns 2,367 shares of the business services provider’s stock valued at $390,000 after buying an additional 158 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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 value of $1,002,608.60. Following the completion of the transaction, the chief executive officer now directly owns 85,113 shares of the company’s stock, valued at approximately $15,669,303.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Oppenheimer increased their price target on shares of Republic Services from $182.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group increased their price target on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Citigroup upped their target price on Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Royal Bank of Canada assumed coverage on Republic Services in a report on Monday, April 8th. They set a “sector perform” rating and a $198.00 price objective on the stock. Finally, UBS Group downgraded Republic Services from a “buy” rating to a “neutral” rating and increased their target price for the company from $175.00 to $195.00 in a research note on Thursday, February 29th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.77.

Republic Services Stock Performance

Shares of NYSE RSG traded up $1.48 during trading hours on Monday, reaching $193.40. 493,201 shares of the stock were exchanged, compared to its average volume of 1,204,824. The firm has a market capitalization of $60.92 billion, a price-to-earnings ratio of 35.36, a P/E/G ratio of 3.36 and a beta of 0.68. Republic Services, Inc. has a 52 week low of $140.07 and a 52 week high of $193.82. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56. The stock’s fifty day simple moving average is $187.36 and its 200 day simple moving average is $170.83.

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 the consensus estimate of $1.28 by $0.13. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the business posted $1.13 EPS. Republic Services’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts predict that Republic Services, Inc. will post 6.01 EPS for the current year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s dividend payout ratio is currently 39.12%.

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.