Latitude Advisors LLC Decreases Holdings in Republic Services, Inc. (NYSE:RSG)

Latitude Advisors LLC reduced its stake in shares of Republic Services, Inc. (NYSE:RSG) by 9.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,296 shares of the business services provider’s stock after selling 133 shares during the quarter. Latitude Advisors LLC’s holdings in Republic Services were worth $261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RSG. CWM LLC increased its position in Republic Services by 19.3% during the third quarter. CWM LLC now owns 10,894 shares of the business services provider’s stock valued at $2,188,000 after acquiring an additional 1,763 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in Republic Services by 399.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,001 shares of the business services provider’s stock worth $402,000 after purchasing an additional 1,600 shares during the period. Webster Bank N. A. bought a new stake in Republic Services in the third quarter worth about $31,000. Fiduciary Alliance LLC grew its stake in shares of Republic Services by 3.7% during the third quarter. Fiduciary Alliance LLC now owns 41,229 shares of the business services provider’s stock valued at $8,281,000 after buying an additional 1,478 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of Republic Services by 8.1% in the third quarter. Creative Planning now owns 31,447 shares of the business services provider’s stock worth $6,316,000 after buying an additional 2,360 shares during the period. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of recent analyst reports. CIBC increased their target price on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Jefferies Financial Group boosted their price objective on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Morgan Stanley lifted their price target on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Finally, Oppenheimer upped their target price on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.38.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the transaction, the director now owns 879 shares in the company, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. The trade was a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Republic Services Stock Performance

NYSE RSG opened at $221.92 on Tuesday. 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, Inc. has a twelve month low of $171.06 and a twelve month high of $223.43. The stock has a 50-day moving average of $210.01 and a 200 day moving average of $206.36. The stock has a market capitalization of $69.50 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 3.24 and a beta of 0.74.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.05%. Republic Services’s dividend payout ratio is currently 37.12%.

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.