Tandem Investment Advisors Inc. Sells 2,481 Shares of Republic Services, Inc. $RSG

Tandem Investment Advisors Inc. trimmed its position in Republic Services, Inc. (NYSE:RSG) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 239,439 shares of the business services provider’s stock after selling 2,481 shares during the quarter. Republic Services accounts for 1.9% of Tandem Investment Advisors Inc.’s holdings, making the stock its 24th largest holding. Tandem Investment Advisors Inc. owned 0.08% of Republic Services worth $50,744,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allstate Corp boosted its position in Republic Services by 104.6% in the fourth quarter. Allstate Corp now owns 16,064 shares of the business services provider’s stock valued at $3,404,000 after buying an additional 8,211 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Republic Services by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 6,880 shares of the business services provider’s stock worth $1,458,000 after purchasing an additional 161 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of Republic Services by 10.7% during the fourth quarter. Clearstead Advisors LLC now owns 4,620 shares of the business services provider’s stock worth $979,000 after purchasing an additional 446 shares during the period. Swedbank AB lifted its holdings in shares of Republic Services by 22.1% during the fourth quarter. Swedbank AB now owns 64,314 shares of the business services provider’s stock worth $13,630,000 after purchasing an additional 11,660 shares during the period. Finally, Buckhead Capital Management LLC lifted its holdings in shares of Republic Services by 0.6% during the fourth quarter. Buckhead Capital Management LLC now owns 15,156 shares of the business services provider’s stock worth $3,212,000 after purchasing an additional 96 shares during the period. 57.73% of the stock is owned by institutional investors.

Insider Transactions at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of Republic Services stock in a transaction on Monday, May 18th. The stock was acquired at an average cost of $213.31 per share, with a total value of $12,947,917.00. Following the transaction, the insider owned 110,803,982 shares of the company’s stock, valued at approximately $23,635,597,400.42. This trade represents a 0.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have bought 987,150 shares of company stock valued at $202,366,682. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RSG. Barclays lifted their price target on shares of Republic Services from $227.00 to $233.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Robert W. Baird dropped their target price on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, April 16th. Wolfe Research initiated coverage on shares of Republic Services in a report on Friday, March 13th. They issued a “peer perform” rating on the stock. Finally, Morgan Stanley dropped their target price on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Eleven research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Republic Services currently has an average rating of “Hold” and a consensus target price of $245.15.

Republic Services Price Performance

RSG stock opened at $208.86 on Tuesday. The company’s fifty day simple moving average is $212.69 and its 200 day simple moving average is $214.90. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $258.75. The firm has a market cap of $64.26 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 3.44 and a beta of 0.43. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.11.

Republic Services (NYSE:RSG) last posted its earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, analysts expect that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, July 2nd. Republic Services’s dividend payout ratio is presently 36.15%.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.