Virtu Financial LLC Has $2.40 Million Stake in Republic Services, Inc. (NYSE:RSG)

Virtu Financial LLC raised its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 36.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,944 shares of the business services provider's stock after purchasing an additional 3,172 shares during the quarter. Virtu Financial LLC's holdings in Republic Services were worth $2,399,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RSG. FSA Wealth Management LLC acquired a new stake in Republic Services during the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC lifted its position in shares of Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider's stock valued at $28,000 after acquiring an additional 109 shares during the last quarter. Webster Bank N. A. bought a new stake in shares of Republic Services during the 3rd quarter worth $31,000. Truvestments Capital LLC acquired a new stake in shares of Republic Services during the third quarter worth $34,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Republic Services during the second quarter valued at $36,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Down 0.6 %

RSG stock traded down $1.16 during trading hours on Friday, hitting $208.97. The company's stock had a trading volume of 805,722 shares, compared to its average volume of 1,108,608. The company has a market capitalization of $65.44 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 3.21 and a beta of 0.71. The stock has a 50 day moving average price of $208.36 and a two-hundred day moving average price of $201.56. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a 12 month low of $160.65 and a 12 month high of $220.58.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.61 by $0.20. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 earnings per share. On average, equities research analysts expect that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services's dividend payout ratio is 37.12%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RSG shares. Deutsche Bank Aktiengesellschaft raised Republic Services from a "hold" rating to a "buy" rating and lifted their price target for the stock from $219.00 to $237.00 in a research note on Tuesday. Royal Bank of Canada boosted their price target on shares of Republic Services from $211.00 to $219.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. BMO Capital Markets upgraded shares of Republic Services from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Oppenheimer increased their target price on Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Morgan Stanley lifted their price target on Republic Services from $217.00 to $220.00 and gave the company an "equal weight" rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Republic Services currently has an average rating of "Moderate Buy" and an average price target of $220.06.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now owns 879 shares in the company, valued at $189,222.33. This represents a 67.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the transaction, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

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.