Stanley Laman Group Ltd. Sells 148 Shares of Republic Services, Inc. (NYSE:RSG)

Stanley Laman Group Ltd. reduced its stake in Republic Services, Inc. (NYSE:RSG) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,364 shares of the business services provider’s stock after selling 148 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Republic Services were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. FinTrust Capital Advisors LLC lifted its position in Republic Services by 56.3% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 71 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Republic Services in the 4th quarter valued at approximately $34,000. BKM Wealth Management LLC bought a new position in Republic Services in the 4th quarter valued at approximately $37,000. Bruce G. Allen Investments LLC bought a new position in Republic Services in the 4th quarter valued at approximately $41,000. Finally, Millburn Ridgefield Corp bought a new position in Republic Services in the 3rd quarter valued at approximately $36,000. 57.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the completion of the sale, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RSG shares. Wells Fargo & Company upped their price objective on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Jefferies Financial Group upped their price objective on Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Royal Bank of Canada assumed coverage on shares of Republic Services in a research note on Monday, April 8th. They set a “sector perform” rating and a $198.00 target price for the company. Citigroup boosted their target price on shares of Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, Oppenheimer boosted their target price on shares of Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $199.77.

Republic Services Stock Performance

Shares of NYSE:RSG traded down $1.64 during midday trading on Friday, hitting $191.92. The company had a trading volume of 1,824,385 shares, compared to its average volume of 1,212,939. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $60.45 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 3.36 and a beta of 0.68. Republic Services, Inc. has a 12-month low of $135.33 and a 12-month high of $193.82. The company has a fifty day moving average of $187.36 and a two-hundred day moving average of $170.49.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the business posted $1.13 EPS. Republic Services’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Republic Services, Inc. will post 6.01 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were paid a $0.535 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.14 dividend on an annualized basis and a yield of 1.12%. Republic Services’s payout ratio is presently 39.12%.

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.