Republic Services, Inc. (NYSE:RSG) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,554 shares of the business services provider's stock after purchasing an additional 3,244 shares during the period. Cetera Investment Advisers' holdings in Republic Services were worth $17,614,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI grew its holdings in Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after purchasing an additional 88 shares during the period. R Squared Ltd purchased a new stake in Republic Services in the 4th quarter worth approximately $32,000. New Age Alpha Advisors LLC raised its stake in Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock worth $36,000 after acquiring an additional 73 shares during the period. Generali Asset Management SPA SGR purchased a new position in Republic Services during the fourth quarter valued at approximately $45,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Republic Services in the fourth quarter worth approximately $48,000. Institutional investors own 57.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Argus set a $260.00 target price on shares of Republic Services in a research note on Tuesday, February 18th. Scotiabank upped their price target on shares of Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 8th. Royal Bank of Canada restated an "outperform" rating and issued a $266.00 target price on shares of Republic Services in a report on Friday, April 25th. The Goldman Sachs Group lifted their price target on Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, BMO Capital Markets increased their price target on Republic Services from $260.00 to $268.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Republic Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $249.00.

Republic Services Stock Down 0.1%

NYSE:RSG traded down $0.19 during midday trading on Wednesday, reaching $237.80. 1,428,067 shares of the stock traded hands, compared to its average volume of 1,110,621. The business has a 50-day moving average of $240.38 and a two-hundred day moving average of $223.22. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. Republic Services, Inc. has a 12-month low of $180.92 and a 12-month high of $253.54. The stock has a market capitalization of $74.31 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the business earned $1.45 EPS. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts forecast that Republic Services, Inc. will post 6.86 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 Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) is 34.99%.

Insider Buying and Selling at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction dated 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 of the company's stock, valued at $2,376,931.20. The trade was a 37.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by corporate insiders.

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.