Republic Services, Inc. (NYSE:RSG) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 132.2% during the fourth quarter, Holdings Channel reports. The firm owned 11,803 shares of the business services provider’s stock after purchasing an additional 6,720 shares during the quarter. Apollon Wealth Management LLC’s holdings in Republic Services were worth $1,946,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Machina Capital S.A.S. acquired a new stake in shares of Republic Services during the fourth quarter worth approximately $729,000. Private Advisor Group LLC lifted its holdings in shares of Republic Services by 12.4% in the fourth quarter. Private Advisor Group LLC now owns 21,789 shares of the business services provider’s stock valued at $3,593,000 after purchasing an additional 2,400 shares in the last quarter. Spire Wealth Management increased its stake in Republic Services by 10.7% in the 4th quarter. Spire Wealth Management now owns 2,993 shares of the business services provider’s stock valued at $505,000 after buying an additional 289 shares during the last quarter. Ifrah Financial Services Inc. acquired a new position in shares of Republic Services during the 4th quarter worth about $203,000. Finally, Sapient Capital LLC acquired a new position in shares of Republic Services during the 4th quarter worth approximately $228,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Republic Services

In related news, CEO Ark Jon Vander sold 5,446 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 85,113 shares in the company, valued at $15,669,303.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction on 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RSG shares. The Goldman Sachs Group raised their price objective on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Scotiabank raised their target price on Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 1st. Jefferies Financial Group boosted their price target on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, March 18th. BMO Capital Markets raised their price objective on Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. 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 research report on Friday, March 15th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.00.

Republic Services Stock Up 0.2 %

NYSE:RSG traded up $0.46 during midday trading on Wednesday, reaching $189.02. 286,802 shares of the stock traded hands, compared to its average volume of 1,242,871. Republic Services, Inc. has a 12-month low of $140.07 and a 12-month high of $196.76. The business has a 50-day moving average of $188.14 and a two-hundred day moving average of $172.87. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $59.53 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 3.22 and a beta of 0.67.

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, topping analysts’ consensus estimates of $1.35 by $0.10. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 earnings per share. On average, equities analysts forecast that Republic Services, Inc. will post 6.05 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a yield of 1.13%. Republic Services’s payout ratio is presently 37.54%.

Republic Services Profile

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.