BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Decreases Stock Holdings in Republic Services, Inc. (NYSE:RSG)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 12.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,786 shares of the business services provider's stock after selling 5,440 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Republic Services were worth $7,388,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in shares of Republic Services by 83,671.9% in the 3rd quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider's stock valued at $108,183,000 after purchasing an additional 538,010 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Republic Services by 129.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 324,566 shares of the business services provider's stock worth $65,186,000 after buying an additional 183,325 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Republic Services by 31.7% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 614,586 shares of the business services provider's stock valued at $123,434,000 after buying an additional 147,799 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Republic Services by 1,946.2% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 136,279 shares of the business services provider's stock worth $26,484,000 after acquiring an additional 129,619 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of Republic Services by 3,827.6% in the second quarter. Clearbridge Investments LLC now owns 106,241 shares of the business services provider's stock worth $20,647,000 after acquiring an additional 103,536 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Insider Activity at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the sale, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RSG has been the topic of several research reports. Scotiabank started coverage on shares of Republic Services in a report on Friday, October 4th. They set a "sector perform" rating and a $224.00 price target on the stock. TD Cowen increased their price target on Republic Services from $195.00 to $200.00 and gave the company a "hold" rating in a research note on Monday, August 5th. Morgan Stanley boosted their price objective on Republic Services from $208.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. William Blair initiated coverage on Republic Services in a research report on Thursday, October 3rd. They issued an "outperform" rating for the company. Finally, Royal Bank of Canada upped their price objective on Republic Services from $211.00 to $219.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Republic Services has an average rating of "Moderate Buy" and an average target price of $215.71.

Republic Services Trading Down 1.5 %

Shares of Republic Services stock traded down $3.37 on Monday, hitting $214.93. 792,626 shares of the company's stock traded hands, compared to its average volume of 1,116,313. The company has a market capitalization of $67.31 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 3.34 and a beta of 0.70. The company has a fifty day moving average of $206.22 and a two-hundred day moving average of $200.08. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a one year low of $160.38 and a one year high of $220.58.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $4.08 billion during 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 company's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 EPS. As a group, sell-side analysts expect that Republic Services, Inc. will post 6.24 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.08%. Republic Services's dividend payout ratio is presently 37.12%.

Republic Services Company 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.