Republic Services, Inc. (NYSE:RSG) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors cut its holdings in Republic Services, Inc. (NYSE:RSG) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,321 shares of the business services provider’s stock after selling 755 shares during the period. Captrust Financial Advisors’ holdings in Republic Services were worth $2,274,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC increased its stake in shares of Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares in the last quarter. Webster Bank N. A. purchased a new position in Republic Services during the third quarter worth $31,000. Truvestments Capital LLC purchased a new stake in shares of Republic Services in the third quarter valued at $34,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Republic Services during the second quarter valued at $36,000. Finally, Ashton Thomas Securities LLC acquired a new position in Republic Services in the 3rd quarter valued at about $39,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Stock Up 0.0 %

NYSE RSG opened at $215.58 on Friday. Republic Services, Inc. has a 1-year low of $160.38 and a 1-year high of $220.58. The company has a market capitalization of $67.51 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 3.28 and a beta of 0.71. The stock’s 50 day moving average is $207.21 and its two-hundred day moving average is $200.67. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the business posted $1.54 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. Equities analysts forecast that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio is presently 37.12%.

Insider Buying and Selling at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RSG. William Blair assumed coverage on Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Royal Bank of Canada upped their price objective on shares of Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Oppenheimer raised their target price on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. CIBC upped their price target on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Scotiabank began coverage on shares of Republic Services in a report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price target on the stock. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $216.29.

About Republic Services

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.