Schonfeld Strategic Advisors LLC Increases Stake in Republic Services, Inc. (NYSE:RSG)

Schonfeld Strategic Advisors LLC grew its holdings in Republic Services, Inc. (NYSE:RSG) by 347.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 175,973 shares of the business services provider’s stock after acquiring an additional 136,608 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.06% of Republic Services worth $35,402,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RSG. Arcadia Investment Management Corp MI lifted its position in Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 88 shares during the period. R Squared Ltd purchased a new stake in Republic Services in the 4th quarter worth approximately $32,000. New Age Alpha Advisors LLC lifted its position in Republic Services by 70.2% during the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock worth $36,000 after buying an additional 73 shares during the period. Generali Asset Management SPA SGR acquired a new stake in shares of Republic Services during the 4th quarter worth $45,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Republic Services during the 4th quarter worth about $48,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

RSG has been the topic of several research analyst reports. Jefferies Financial Group increased their price target on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets raised their price target on shares of Republic Services from $260.00 to $268.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group raised their price objective on shares of Republic Services from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, April 11th. Stifel Nicolaus raised their target price on shares of Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Scotiabank raised their price objective on shares of Republic Services from $233.00 to $250.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $247.19.

Republic Services Trading Up 1.1 %

Shares of RSG stock opened at $246.29 on Tuesday. The business has a 50-day moving average price of $237.20 and a two-hundred day moving average price of $219.97. Republic Services, Inc. has a 12-month low of $180.92 and a 12-month high of $249.73. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The firm has a market cap of $76.96 billion, a P/E ratio of 37.95, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the company earned $1.45 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.94%. Republic Services’s dividend payout ratio is presently 34.99%.

Insider Transactions at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at $2,376,931.20. This represents a 37.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.11% of the company’s stock.

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.