Oxbow Advisors LLC Sells 141 Shares of Republic Services, Inc. (NYSE:RSG)

Oxbow Advisors LLC cut its holdings in Republic Services, Inc. (NYSE:RSG) by 4.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,396 shares of the business services provider’s stock after selling 141 shares during the period. Oxbow Advisors LLC’s holdings in Republic Services were worth $683,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new position in shares of Republic Services during the third quarter worth $25,000. Arcadia Investment Management Corp MI boosted its position in shares of Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after purchasing an additional 88 shares in the last quarter. R Squared Ltd bought a new position in shares of Republic Services during the fourth quarter worth $32,000. Truvestments Capital LLC bought a new position in shares of Republic Services during the third quarter worth $34,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Republic Services during the third quarter worth $39,000. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Down 0.1 %

Republic Services stock opened at $230.73 on Friday. The firm has a market capitalization of $72.05 billion, a PE ratio of 35.55, a P/E/G ratio of 3.64 and a beta of 0.74. The company’s 50-day moving average is $212.87 and its 200-day moving average is $208.51. Republic Services, Inc. has a fifty-two week low of $180.91 and a fifty-two week high of $232.52. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same period in the previous year, the business earned $1.41 EPS. Sell-side analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is 35.75%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and lifted their price target for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group raised their price objective on shares of Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday. Jefferies Financial Group raised their price objective on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Oppenheimer raised their price objective on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $231.75.

Insider Buying and Selling

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares of the company’s stock, valued at $2,376,931.20. The trade was a 37.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. This represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Republic Services 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.