Entropy Technologies LP Sells 54,983 Shares of Republic Services, Inc. $RSG

Entropy Technologies LP lessened its position in shares of Republic Services, Inc. (NYSE:RSG) by 91.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 5,203 shares of the business services provider’s stock after selling 54,983 shares during the period. Entropy Technologies LP’s holdings in Republic Services were worth $1,140,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in RSG. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Republic Services by 58.9% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 12,638 shares of the business services provider’s stock valued at $2,768,000 after purchasing an additional 4,684 shares during the period. GC Wealth Management RIA LLC boosted its holdings in shares of Republic Services by 6.9% during the 1st quarter. GC Wealth Management RIA LLC now owns 1,982 shares of the business services provider’s stock worth $434,000 after buying an additional 128 shares in the last quarter. Compound Planning Inc. increased its stake in shares of Republic Services by 31.2% in the 1st quarter. Compound Planning Inc. now owns 2,290 shares of the business services provider’s stock valued at $502,000 after acquiring an additional 545 shares in the last quarter. Modern Wealth Management LLC acquired a new position in shares of Republic Services during the 1st quarter valued at $450,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Republic Services by 43.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,030,445 shares of the business services provider’s stock worth $225,688,000 after purchasing an additional 314,093 shares during the period. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

RSG has been the topic of a number of research analyst reports. Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Royal Bank Of Canada raised their price target on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Barclays raised their target price on Republic Services from $227.00 to $233.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Citigroup increased their price target on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Weiss Ratings lowered shares of Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average target price of $243.89.

Insider Activity at Republic Services

In other news, Director Sandra M. Volpe sold 1,800 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the transaction, the director owned 58 shares of the company’s stock, valued at $12,254.24. This represents a 96.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $213.31 per share, for a total transaction of $12,947,917.00. Following the completion of the purchase, the insider directly owned 110,803,982 shares in the company, valued at $23,635,597,400.42. This trade represents a 0.05% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 987,150 shares of company stock valued at $202,366,682. 0.12% of the stock is currently owned by company insiders.

Republic Services Stock Performance

Shares of RSG opened at $216.74 on Tuesday. The stock has a 50 day moving average of $212.28 and a 200 day moving average of $214.91. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.11. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $246.25. The company has a market capitalization of $66.68 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 3.63 and a beta of 0.40.

Republic Services (NYSE:RSG) last announced its earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.10 billion. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The business’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $1.58 EPS. As a group, sell-side analysts forecast that Republic Services, Inc. will post 7.29 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, July 2nd. Republic Services’s dividend payout ratio is currently 35.87%.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.