ICW Investment Advisors LLC Sells 300 Shares of Republic Services, Inc. (NYSE:RSG)

ICW Investment Advisors LLC lowered its stake in Republic Services, Inc. (NYSE:RSG) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,263 shares of the business services provider’s stock after selling 300 shares during the quarter. ICW Investment Advisors LLC’s holdings in Republic Services were worth $1,411,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of RSG. Spire Wealth Management increased its position in shares of Republic Services by 10.7% during the 4th quarter. Spire Wealth Management now owns 2,993 shares of the business services provider’s stock worth $505,000 after purchasing an additional 289 shares during the last quarter. Private Advisor Group LLC increased its holdings in Republic Services by 12.4% during the fourth quarter. Private Advisor Group LLC now owns 21,789 shares of the business services provider’s stock worth $3,593,000 after buying an additional 2,400 shares during the last quarter. Bogart Wealth LLC bought a new stake in Republic Services during the fourth quarter worth $30,000. Principal Securities Inc. bought a new position in shares of Republic Services in the 4th quarter valued at about $430,000. Finally, Mount Lucas Management LP acquired a new position in shares of Republic Services during the 4th quarter worth about $2,765,000. Institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stifel Nicolaus lifted their price target on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Oppenheimer reduced their target price on Republic Services from $211.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Republic Services in a research note on Thursday, May 23rd. They issued a “hold” rating and a $203.00 price target on the stock. CIBC lifted their price objective on shares of Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Finally, Robert W. Baird increased their price objective on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $211.00.

Republic Services Price Performance

NYSE:RSG traded down $0.73 during trading hours on Friday, reaching $204.70. 41,166 shares of the company were exchanged, compared to its average volume of 1,168,910. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. Republic Services, Inc. has a 1-year low of $140.23 and a 1-year high of $208.69. The company has a market capitalization of $64.29 billion, a P/E ratio of 36.04, a P/E/G ratio of 3.34 and a beta of 0.70. The business has a 50 day moving average of $200.48 and a 200 day moving average of $192.18.

Republic Services (NYSE:RSG) last released its earnings results on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.03 billion. Research analysts forecast that Republic Services, Inc. will post 6.18 EPS for the current year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, October 2nd. This is a boost from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a yield of 1.13%. Republic Services’s dividend payout ratio is presently 37.54%.

Insider Buying and Selling at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction of $649,632.00. Following the completion of the sale, the director now directly owns 17,486 shares in the company, valued at approximately $3,549,832.86. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.09% of the company’s stock.

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.