London Co. of Virginia Has $81.28 Million Stock Position in Republic Services, Inc. $RSG

London Co. of Virginia lifted its stake in Republic Services, Inc. (NYSE:RSG) by 19.1% during the 4th quarter, HoldingsChannel reports. The fund owned 383,498 shares of the business services provider’s stock after buying an additional 61,389 shares during the period. London Co. of Virginia’s holdings in Republic Services were worth $81,275,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Watch Advisors INC acquired a new stake in Republic Services during the third quarter worth $26,000. Laurel Wealth Advisors LLC acquired a new stake in Republic Services during the fourth quarter worth $25,000. Ameriflex Group Inc. acquired a new stake in Republic Services during the third quarter worth $29,000. Sound Income Strategies LLC acquired a new stake in Republic Services during the fourth quarter worth $32,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Republic Services during the fourth quarter worth $32,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on RSG. Barclays increased their price target on shares of Republic Services from $227.00 to $233.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Morgan Stanley dropped their price target on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. JPMorgan Chase & Co. increased their price target on shares of Republic Services from $233.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Finally, Robert W. Baird dropped their price target on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. Eleven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and an average target price of $243.26.

Insider Buying and Selling at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were purchased at an average price of $213.31 per share, with a total value of $12,947,917.00. Following the acquisition, the insider directly owned 110,803,982 shares in the company, valued at $23,635,597,400.42. The trade was a 0.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Sandra M. Volpe sold 1,800 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the sale, the director directly owned 58 shares in the company, valued at approximately $12,254.24. This represents a 96.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders bought a total of 987,150 shares of company stock worth $202,366,682 in the last 90 days. 0.12% of the stock is owned by corporate insiders.

Republic Services Stock Up 0.6%

Shares of NYSE:RSG opened at $209.30 on Wednesday. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $251.17. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.67 and a current ratio of 0.67. The company’s fifty day moving average is $208.25 and its 200-day moving average is $214.39. The company has a market capitalization of $64.39 billion, a PE ratio of 30.03, a P/E/G ratio of 3.42 and a beta of 0.41.

Republic Services (NYSE:RSG) last issued its earnings results on Friday, May 8th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $4.10 billion. During the same quarter in the previous year, the company earned $1.58 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts predict that Republic Services, Inc. will post 7.28 earnings per share for the current fiscal year.

Republic Services Announces Dividend

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

Republic Services 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.