Skopos Labs Inc. Purchases Shares of 1,339 Republic Services, Inc. (NYSE:RSG)

Skopos Labs Inc. acquired a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,339 shares of the business services provider’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bogart Wealth LLC purchased a new stake in shares of Republic Services during the 4th quarter valued at $30,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Republic Services during the 4th quarter valued at $34,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Republic Services during the 3rd quarter valued at $36,000. BKM Wealth Management LLC purchased a new position in Republic Services in the 4th quarter worth $37,000. Finally, Asset Dedication LLC raised its position in Republic Services by 48.1% in the 3rd quarter. Asset Dedication LLC now owns 277 shares of the business services provider’s stock worth $40,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Activity

In other news, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ark Jon Vander sold 5,446 shares of the business’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 transaction of $1,002,608.60. Following the transaction, the chief executive officer now directly owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Republic Services in a research report on Thursday. They issued a “hold” rating and a $203.00 target price on the stock. The Goldman Sachs Group lifted their target price on shares of Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. BMO Capital Markets boosted their price objective on shares of Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Oppenheimer boosted their price objective on shares of Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Morgan Stanley lowered shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price on the stock. in a research note on Friday, March 15th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $201.14.

Republic Services Stock Up 0.3 %

Republic Services stock traded up $0.48 during trading hours on Friday, hitting $186.81. The stock had a trading volume of 832,829 shares, compared to its average volume of 1,196,508. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $58.83 billion, a P/E ratio of 32.77, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67. Republic Services, Inc. has a 12-month low of $140.07 and a 12-month high of $196.76. The stock’s 50-day moving average price is $188.81 and its 200-day moving average price is $176.20.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.10. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 earnings per share. Equities research analysts anticipate that Republic Services, Inc. will post 6.05 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a dividend yield of 1.15%. Republic Services’s payout ratio is 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.