Captrust Financial Advisors Purchases 1,064 Shares of Republic Services, Inc. (NYSE:RSG)

Captrust Financial Advisors grew its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,385 shares of the business services provider's stock after acquiring an additional 1,064 shares during the period. Captrust Financial Advisors' holdings in Republic Services were worth $2,492,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI boosted its holdings in shares of Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after buying an additional 88 shares during the period. R Squared Ltd acquired a new position in shares of Republic Services in the 4th quarter valued at $32,000. New Age Alpha Advisors LLC raised its stake in shares of Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after buying an additional 73 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Republic Services in the 4th quarter valued at $45,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Republic Services in the 4th quarter valued at $48,000. 57.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. BMO Capital Markets upped their target price on shares of Republic Services from $260.00 to $268.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. The Goldman Sachs Group upped their target price on shares of Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Argus set a $260.00 price objective on shares of Republic Services in a report on Tuesday, February 18th. Finally, Seaport Res Ptn raised shares of Republic Services to a "strong-buy" rating in a research note on Tuesday, May 6th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $249.00.

Insider Buying and Selling

In related news, COO Gregg Brummer sold 6,293 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Republic Services Stock Down 0.1%

Shares of NYSE RSG traded down $0.19 during midday trading on Wednesday, reaching $237.80. The company's stock had a trading volume of 1,428,067 shares, compared to its average volume of 1,111,848. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a fifty-two week low of $180.92 and a fifty-two week high of $253.54. The stock has a market capitalization of $74.31 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 3.64 and a beta of 0.66. The stock has a 50 day simple moving average of $240.38 and a 200-day simple moving average of $223.22.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.05. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the company earned $1.45 earnings per share. The firm's revenue was up 3.8% compared to the same quarter last year. Equities research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.98%. Republic Services's payout ratio is 34.99%.

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.