Compass Ion Advisors LLC Sells 939 Shares of Republic Services, Inc. (NYSE:RSG)

Compass Ion Advisors LLC cut its stake in shares of Republic Services, Inc. (NYSE:RSG) by 47.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,047 shares of the business services provider’s stock after selling 939 shares during the quarter. Compass Ion Advisors LLC’s holdings in Republic Services were worth $200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RSG. Bogart Wealth LLC acquired a new position in Republic Services during the fourth quarter worth $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in Republic Services during the fourth quarter worth $34,000. Jones Financial Companies Lllp raised its holdings in Republic Services by 3,014.3% during the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after buying an additional 211 shares during the last quarter. BKM Wealth Management LLC acquired a new position in Republic Services during the fourth quarter worth $37,000. Finally, Bruce G. Allen Investments LLC acquired a new position in Republic Services during the fourth quarter worth $41,000. 57.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RSG. The Goldman Sachs Group increased their target price on shares of Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. UBS Group increased their target price on shares of Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Jefferies Financial Group increased their target price on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. Morgan Stanley downgraded shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price for the company. in a report on Friday, March 15th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Republic Services in a report on Thursday, May 23rd. They set a “hold” rating and a $203.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $201.14.

Republic Services Stock Down 0.8 %

Republic Services stock opened at $192.88 on Tuesday. Republic Services, Inc. has a 1-year low of $140.23 and a 1-year high of $196.76. The firm has a market capitalization of $60.74 billion, a price-to-earnings ratio of 33.84, a P/E/G ratio of 3.26 and a beta of 0.69. 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 simple moving average of $188.74 and a 200 day simple moving average of $181.33.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. Republic Services’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. On average, analysts predict that Republic Services, Inc. will post 6.05 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be given a $0.535 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a yield of 1.11%. Republic Services’s dividend payout ratio (DPR) is presently 37.54%.

Insider Buying and Selling

In related news, Director Katharine Weymouth bought 540 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the transaction, the director now owns 540 shares of the company’s stock, valued at $100,040.40. 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 business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the transaction, the director now owns 540 shares of the company’s stock, valued at $100,040.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 of the company’s stock, valued at $1,270,702.62. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

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.