First United Bank & Trust Sells 175 Shares of Republic Services, Inc. (NYSE:RSG)

by · The Cerbat Gem

First United Bank & Trust lessened its stake in Republic Services, Inc. (NYSE:RSG – Free Report) by 6.6% in the third quarter, HoldingsChannel reports. The fund owned 2,485 shares of the business services provider’s stock after selling 175 shares during the period. First United Bank & Trust’s holdings in Republic Services were worth $499,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. EntryPoint Capital LLC bought a new position in Republic Services during the 1st quarter valued at approximately $29,000. Webster Bank N. A. bought a new position in Republic Services during the 3rd quarter valued at approximately $31,000. Itau Unibanco Holding S.A. bought a new position in Republic Services during the 2nd quarter valued at approximately $36,000. Indiana Trust & Investment Management CO bought a new position in Republic Services during the 2nd quarter valued at approximately $45,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Republic Services during the 2nd quarter worth approximately $49,000. Institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Robert W. Baird upped their target price on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. William Blair began coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Royal Bank of Canada upped their price target on Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Raymond James cut their price target on Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, BMO Capital Markets upped their price target on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.65.

Check Out Our Latest Stock Analysis on RSG

Insider Transactions at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the sale, the director now directly owns 17,486 shares of the company’s stock, valued at $3,549,832.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.09% of the company’s stock.

Republic Services Price Performance

NYSE RSG opened at $206.49 on Wednesday. The stock’s fifty day moving average price is $203.69 and its 200 day moving average price is $195.61. The company has a market cap of $65.03 billion, a price-to-earnings ratio of 36.23, a PEG ratio of 3.26 and a beta of 0.69. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. Republic Services, Inc. has a 1 year low of $142.65 and a 1 year high of $208.69.

Republic Services (NYSE:RSG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.03 billion. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd were given a dividend of $0.58 per share. This is an increase from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Wednesday, October 2nd. Republic Services’s dividend payout ratio (DPR) is currently 40.70%.

Republic Services Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSG – Free Report).