Orion Portfolio Solutions LLC Grows Stake in Republic Services, Inc. (NYSE:RSG)

Orion Portfolio Solutions LLC raised its position in Republic Services, Inc. (NYSE:RSGFree Report) by 21.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,939 shares of the business services provider’s stock after buying an additional 6,878 shares during the period. Orion Portfolio Solutions LLC’s holdings in Republic Services were worth $6,400,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bogart Wealth LLC acquired a new stake in shares of Republic Services in the fourth quarter valued at about $30,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Republic Services in the fourth quarter valued at approximately $34,000. Catalyst Capital Advisors LLC purchased a new position in Republic Services during the third quarter worth approximately $36,000. BKM Wealth Management LLC purchased a new stake in Republic Services in the 4th quarter valued at $37,000. Finally, Asset Dedication LLC boosted its position in shares of Republic Services by 48.1% during the 3rd quarter. Asset Dedication LLC now owns 277 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 90 shares during the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Price Performance

Republic Services stock traded up $0.48 during mid-day trading on Friday, reaching $186.81. The company had a trading volume of 832,829 shares, compared to its average volume of 1,196,508. The stock’s 50-day simple moving average is $188.81 and its 200-day simple moving average is $176.20. The company has a market capitalization of $58.83 billion, a P/E ratio of 32.77, a P/E/G ratio of 3.01 and a beta of 0.67. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53. Republic Services, Inc. has a 1 year low of $140.07 and a 1 year high of $196.76.

Republic Services (NYSE:RSGGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.10. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. Republic Services’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $1.24 EPS. On average, equities analysts predict that Republic Services, Inc. will post 6.05 EPS for the current year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.54%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RSG shares. Morgan Stanley cut shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a research report on Friday, March 15th. Jefferies Financial Group lifted their price objective on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. UBS Group boosted their price target on shares of Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Citigroup boosted their price target on shares of Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Finally, Royal Bank of Canada started coverage on Republic Services in a report on Monday, April 8th. They issued a “sector perform” rating and a $198.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.14.

Get Our Latest Stock Analysis on Republic Services

Insider Transactions at Republic Services

In other news, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the sale, the chief marketing officer now owns 6,831 shares in the company, valued at $1,270,702.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the sale, the chief executive officer now directly owns 85,113 shares in the company, valued at approximately $15,669,303.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now owns 6,831 shares in the company, valued at $1,270,702.62. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Republic Services Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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