PDS Planning Inc Invests $221,000 in Republic Services, Inc. (NYSE:RSG)

PDS Planning Inc purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,338 shares of the business services provider’s stock, valued at approximately $221,000.

Other large investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Republic Services by 0.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,150 shares of the business services provider’s stock worth $4,147,000 after purchasing an additional 66 shares during the period. Parcion Private Wealth LLC lifted its holdings in Republic Services by 0.3% in the fourth quarter. Parcion Private Wealth LLC now owns 23,808 shares of the business services provider’s stock valued at $3,926,000 after acquiring an additional 68 shares during the period. Stokes Family Office LLC lifted its holdings in Republic Services by 2.2% in the third quarter. Stokes Family Office LLC now owns 3,209 shares of the business services provider’s stock valued at $457,000 after acquiring an additional 70 shares during the period. WASHINGTON TRUST Co lifted its holdings in Republic Services by 4.5% in the fourth quarter. WASHINGTON TRUST Co now owns 1,620 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 70 shares during the period. Finally, FinTrust Capital Advisors LLC lifted its holdings in Republic Services by 56.3% in the third 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 during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Activity

In related news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the transaction, the chief executive officer now owns 85,113 shares of the company’s stock, valued at approximately $15,669,303.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Republic Services Stock Down 0.6 %

Shares of NYSE:RSG opened at $190.62 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13. The business has a fifty day moving average of $186.59 and a two-hundred day moving average of $169.85. The stock has a market cap of $60.04 billion, a P/E ratio of 34.85, a PEG ratio of 3.35 and a beta of 0.68. Republic Services, Inc. has a 52-week low of $135.33 and a 52-week high of $192.99.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the company posted $1.13 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, research analysts expect that Republic Services, Inc. will post 6.01 earnings per share for the current year.

Republic Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Morgan Stanley downgraded Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price for the company. in a research note on Friday, March 15th. The Goldman Sachs Group upped their target price on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Scotiabank began coverage on Republic Services in a research note on Monday, April 8th. They set a “sector perform” rating and a $211.00 target price for the company. Finally, Jefferies Financial Group boosted their price target on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $199.77.

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.