Aigen Investment Management LP Reduces Position in Republic Services, Inc. (NYSE:RSG)

Aigen Investment Management LP trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 44.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,784 shares of the business services provider's stock after selling 2,226 shares during the quarter. Aigen Investment Management LP's holdings in Republic Services were worth $560,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Republic Services by 37.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider's stock worth $3,586,000 after acquiring an additional 4,827 shares during the last quarter. TCW Group Inc. grew its holdings in Republic Services by 13.0% during the 3rd quarter. TCW Group Inc. now owns 114,582 shares of the business services provider's stock worth $23,013,000 after acquiring an additional 13,138 shares during the last quarter. Avanza Fonder AB bought a new stake in Republic Services during the 4th quarter worth approximately $4,430,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Republic Services during the 3rd quarter worth approximately $6,102,000. Finally, Czech National Bank grew its holdings in Republic Services by 6.1% during the 4th quarter. Czech National Bank now owns 44,134 shares of the business services provider's stock worth $8,879,000 after acquiring an additional 2,548 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Republic Services from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Cibc World Mkts upgraded shares of Republic Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a "hold" rating to a "buy" rating and boosted their target price for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. Jefferies Financial Group boosted their target price on shares of Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus boosted their target price on shares of Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Republic Services has an average rating of "Moderate Buy" and a consensus price target of $236.88.

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Republic Services Stock Up 1.2 %

Shares of NYSE RSG traded up $2.79 during trading on Friday, hitting $234.28. The stock had a trading volume of 972,254 shares, compared to its average volume of 1,052,239. Republic Services, Inc. has a 12 month low of $180.91 and a 12 month high of $240.95. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The company has a market capitalization of $73.16 billion, a PE ratio of 36.10, a PEG ratio of 3.64 and a beta of 0.73. The firm has a fifty day moving average of $218.91 and a two-hundred day moving average of $210.88.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same quarter in the prior year, the business earned $1.41 earnings per share. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 0.99%. Republic Services's payout ratio is currently 35.75%.

Insider Activity at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the transaction, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

Republic Services Profile

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.