APG Asset Management N.V. Boosts Position in Republic Services, Inc. (NYSE:RSG)

APG Asset Management N.V. grew its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 31.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 309,423 shares of the business services provider's stock after purchasing an additional 74,248 shares during the quarter. APG Asset Management N.V. owned approximately 0.10% of Republic Services worth $60,116,000 at the end of the most recent quarter.

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

Insider Transactions at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the company's stock in a transaction that occurred on 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.09% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have issued reports on RSG. UBS Group raised their price objective on shares of Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a research report on Friday. CIBC raised shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective on the stock in a report on Tuesday, March 4th. Argus set a $260.00 price target on Republic Services in a research note on Tuesday, February 18th. The Goldman Sachs Group upped their target price on shares of Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, Cibc World Mkts upgraded Republic Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $239.13.

Republic Services Stock Up 1.6 %

NYSE RSG traded up $3.86 during trading hours on Friday, reaching $244.09. 1,569,337 shares of the company's stock were exchanged, compared to its average volume of 1,119,508. The company's 50-day moving average is $233.24 and its two-hundred day moving average is $216.67. Republic Services, Inc. has a one year low of $180.92 and a one year high of $249.73. The company has a market capitalization of $76.22 billion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58.

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

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.95%. Republic Services's payout ratio is currently 35.75%.

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.