230 Shares in Republic Services, Inc. (NYSE:RSG) Acquired by Indiana Trust & Investment Management CO

Indiana Trust & Investment Management CO acquired a new stake in Republic Services, Inc. (NYSE:RSG) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 230 shares of the business services provider’s stock, valued at approximately $45,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in RSG. International Assets Investment Management LLC boosted its stake in shares of Republic Services by 34,679.9% in the 4th quarter. International Assets Investment Management LLC now owns 185,029 shares of the business services provider’s stock valued at $30,513,000 after purchasing an additional 184,497 shares during the last quarter. Allworth Financial LP raised its position in shares of Republic Services by 35.2% during the 4th quarter. Allworth Financial LP now owns 699 shares of the business services provider’s stock valued at $115,000 after acquiring an additional 182 shares during the last quarter. Stratos Wealth Advisors LLC lifted its stake in shares of Republic Services by 4.2% in the 4th quarter. Stratos Wealth Advisors LLC now owns 1,914 shares of the business services provider’s stock valued at $316,000 after purchasing an additional 78 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Republic Services by 2.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 46,246 shares of the business services provider’s stock worth $7,626,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Confluence Wealth Services Inc. bought a new stake in Republic Services in the fourth quarter valued at about $303,000. Institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

RSG has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Republic Services in a research report on Thursday, May 23rd. They set a “hold” rating and a $203.00 target price for the company. Scotiabank increased their target price on shares of Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 1st. Robert W. Baird boosted their price target on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. UBS Group upped their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Finally, Raymond James reduced their target price on Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $211.00.

Republic Services Stock Down 0.0 %

Shares of NYSE RSG traded down $0.07 during midday trading on Thursday, reaching $201.49. The company’s stock had a trading volume of 1,140,970 shares, compared to its average volume of 1,234,333. The stock has a 50 day simple moving average of $193.96 and a 200-day simple moving average of $187.69. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $63.28 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 3.22 and a beta of 0.69. Republic Services, Inc. has a fifty-two week low of $140.23 and a fifty-two week high of $206.54.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be paid a $0.58 dividend. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, October 2nd. Republic Services’s payout ratio is presently 37.54%.

Insiders Place Their Bets

In related news, Director Katharine Weymouth bought 540 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the acquisition, the director now owns 540 shares of the company’s stock, valued at approximately $100,040.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.09% of the company’s stock.

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.