Hexagon Capital Partners LLC Grows Holdings in Republic Services, Inc. (NYSE:RSG)

Hexagon Capital Partners LLC increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 11.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,405 shares of the business services provider’s stock after purchasing an additional 149 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Republic Services were worth $232,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC boosted its holdings in Republic Services by 56.3% during 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. Turtle Creek Wealth Advisors LLC bought a new stake in Republic Services in the fourth quarter worth about $34,000. Millburn Ridgefield Corp bought a new stake in shares of Republic Services in the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC bought a new stake in Republic Services during the 3rd quarter worth approximately $36,000. Finally, BKM Wealth Management LLC bought a new stake in Republic Services during the 4th quarter worth approximately $37,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Stock Down 3.9 %

NYSE:RSG traded down $7.54 on Wednesday, reaching $184.16. 1,216,618 shares of the stock traded hands, compared to its average volume of 1,222,569. The company has a market capitalization of $58.01 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 3.38 and a beta of 0.68. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. Republic Services, Inc. has a 12 month low of $140.07 and a 12 month high of $196.76. The company’s fifty day simple moving average is $187.85 and its 200 day simple moving average is $171.47.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.89 billion. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. Republic Services’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $1.24 EPS. Equities analysts predict that Republic Services, Inc. will post 6.01 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

RSG has been the topic of a number of analyst reports. Scotiabank started coverage on shares of Republic Services in a report on Monday, April 8th. They set a “sector perform” rating and a $211.00 target price on the stock. The Goldman Sachs Group boosted their price target on shares of 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 price objective on shares of Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Wells Fargo & Company increased their price target on shares of Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Finally, Royal Bank of Canada initiated coverage on shares of Republic Services in a report on Monday, April 8th. They issued a “sector perform” rating and a $198.00 price objective for the company. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $200.46.

Insider Activity

In related news, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $184.10, for a total value of $1,002,608.60. Following the transaction, the chief executive officer now owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

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.