Tandem Investment Advisors Inc. Sells 8,823 Shares of Republic Services, Inc. (NYSE:RSG)

Tandem Investment Advisors Inc. reduced its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 224,713 shares of the business services provider's stock after selling 8,823 shares during the period. Republic Services makes up approximately 1.9% of Tandem Investment Advisors Inc.'s holdings, making the stock its 25th biggest holding. Tandem Investment Advisors Inc. owned 0.07% of Republic Services worth $54,416,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its holdings in shares of Republic Services by 3,533.3% in the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock valued at $26,000 after purchasing an additional 106 shares during the last quarter. New Age Alpha Advisors LLC raised its holdings in shares of Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Republic Services in the fourth quarter valued at approximately $44,000. Generali Asset Management SPA SGR acquired a new stake in shares of Republic Services in the fourth quarter valued at approximately $45,000. Finally, Proathlete Wealth Management LLC acquired a new stake in shares of Republic Services in the first quarter valued at approximately $76,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Performance

Shares of RSG traded up $3.45 during midday trading on Friday, reaching $241.14. 1,261,978 shares of the stock were exchanged, compared to its average volume of 1,141,301. The company has a market cap of $75.36 billion, a P/E ratio of 36.37, a PEG ratio of 3.69 and a beta of 0.61. The stock's 50 day simple moving average is $248.98 and its 200 day simple moving average is $233.32. Republic Services, Inc. has a twelve month low of $188.82 and a twelve month high of $258.75. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.05. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. Republic Services's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 earnings per share. On average, sell-side analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) is presently 34.99%.

Analysts Set New Price Targets

RSG has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on shares of Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a report on Friday, April 25th. Melius Research upgraded shares of Republic Services to a "hold" rating and set a $281.00 price objective on the stock in a report on Monday, June 9th. Robert W. Baird raised their target price on shares of Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Citigroup raised their target price on shares of Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Republic Services in a research note on Wednesday, April 16th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $252.68.

Republic Services Company 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.