Fiduciary Alliance LLC Sells 1,730 Shares of Republic Services, Inc. (NYSE:RSG)

Fiduciary Alliance LLC decreased its position in Republic Services, Inc. (NYSE:RSG) by 4.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 41,443 shares of the business services provider’s stock after selling 1,730 shares during the quarter. Republic Services comprises approximately 1.4% of Fiduciary Alliance LLC’s portfolio, making the stock its 22nd largest holding. Fiduciary Alliance LLC’s holdings in Republic Services were worth $7,867,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raleigh Capital Management Inc. boosted its stake in shares of Republic Services by 19.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 357 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 59 shares in the last quarter. Scotia Capital Inc. grew its holdings in shares of Republic Services by 2.4% in the fourth quarter. Scotia Capital Inc. now owns 2,708 shares of the business services provider’s stock worth $447,000 after acquiring an additional 64 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Republic Services by 0.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,150 shares of the business services provider’s stock worth $4,147,000 after acquiring an additional 66 shares during the last quarter. Parcion Private Wealth LLC grew its stake in shares of Republic Services by 0.3% during the 4th quarter. Parcion Private Wealth LLC now owns 23,808 shares of the business services provider’s stock valued at $3,926,000 after acquiring an additional 68 shares during the period. Finally, WASHINGTON TRUST Co raised its holdings in Republic Services by 4.5% during the fourth quarter. WASHINGTON TRUST Co now owns 1,620 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RSG shares. Deutsche Bank Aktiengesellschaft started coverage on Republic Services in a research report on Thursday, May 23rd. They set a “hold” rating and a $203.00 target price on the stock. Jefferies Financial Group increased their price objective on Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. Oppenheimer boosted their price target on Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Morgan Stanley lowered Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective on the stock. in a research report on Friday, March 15th. Finally, Scotiabank boosted their price objective on Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 1st. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.14.

Insiders Place Their Bets

In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value 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 filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Katharine Weymouth bought 540 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $185.26 per share, with a total value of $100,040.40. Following the completion of the purchase, the director now owns 540 shares in the company, valued at approximately $100,040.40. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CMO Amanda Hodges sold 6,500 shares of the business’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 completion of the sale, the chief marketing officer now directly owns 6,831 shares in the company, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Republic Services Stock Performance

NYSE:RSG traded down $0.48 during mid-day trading on Friday, hitting $194.34. 4,550,519 shares of the company’s stock traded hands, compared to its average volume of 995,814. The firm has a market capitalization of $61.20 billion, a price-to-earnings ratio of 34.09, a price-to-earnings-growth ratio of 3.26 and a beta of 0.68. Republic Services, Inc. has a 12 month low of $140.23 and a 12 month high of $196.76. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. The firm has a 50 day moving average of $188.74 and a two-hundred day moving average of $181.23.

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

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s payout ratio is currently 37.54%.

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.