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

Stanley Laman Group Ltd. trimmed its stake in Republic Services, Inc. (NYSE:RSG) by 9.8% in the fourth quarter, according to the company in its most recent disclosure 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 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. FinTrust Capital Advisors LLC lifted its position in shares of 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 buying an additional 71 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Republic Services in the fourth quarter valued at approximately $34,000. BKM Wealth Management LLC acquired a new stake in shares of Republic Services in the fourth quarter valued at approximately $37,000. Bruce G. Allen Investments LLC acquired a new stake in Republic Services during the 4th quarter worth approximately $41,000. Finally, Millburn Ridgefield Corp acquired a new stake in Republic Services during the 3rd quarter worth approximately $36,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Down 0.8 %

RSG stock traded down $1.64 during trading on Friday, reaching $191.92. 1,824,385 shares of the stock were exchanged, compared to its average volume of 1,212,939. The firm’s 50 day moving average is $187.36 and its 200 day moving average is $170.49. Republic Services, Inc. has a twelve month low of $135.33 and a twelve month high of $193.82. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. The firm has a market cap of $60.45 billion, a P/E ratio of 35.09, a price-to-earnings-growth ratio of 3.36 and a beta of 0.68.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS. As a group, research analysts forecast that Republic Services, Inc. will post 6.01 EPS for the current year.

Republic Services Announces Dividend

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

Insider Activity at Republic Services

In related news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Scotiabank assumed coverage on Republic Services in a report on Monday, April 8th. They set a “sector perform” rating and a $211.00 price target for the company. Wells Fargo & Company lifted their price objective on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. The Goldman Sachs Group lifted their price objective on Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. BMO Capital Markets lifted their price objective on Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. Finally, Jefferies Financial Group lifted their price objective on Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target 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.