Capital Fund Management S.A. Has $24.35 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Capital Fund Management S.A. lessened its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,049 shares of the business services provider's stock after selling 25,880 shares during the period. Capital Fund Management S.A.'s holdings in Republic Services were worth $24,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Republic Services by 37.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider's stock worth $3,586,000 after purchasing an additional 4,827 shares during the period. DnB Asset Management AS lifted its position in shares of Republic Services by 65.1% in the 4th quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider's stock valued at $14,672,000 after acquiring an additional 28,764 shares in the last quarter. Avanza Fonder AB purchased a new position in Republic Services during the 4th quarter valued at about $4,430,000. Czech National Bank increased its stake in shares of Republic Services by 6.1% in the fourth 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. Finally, Hickory Point Bank & Trust bought a new stake in shares of Republic Services in the 4th quarter valued at approximately $790,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Trading Up 0.3 %

RSG traded up $0.62 on Wednesday, hitting $245.62. The company had a trading volume of 268,553 shares, compared to its average volume of 1,210,400. The company's fifty day moving average price is $234.21 and its 200 day moving average price is $217.29. Republic Services, Inc. has a 1 year low of $180.91 and a 1 year high of $249.73. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The firm has a market cap of $76.70 billion, a P/E ratio of 37.85, a PEG ratio of 3.64 and a beta of 0.62.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings data 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. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the company earned $1.41 earnings per share. As a group, equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 0.94%. Republic Services's dividend payout ratio is currently 35.75%.

Insider Activity at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the 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 sale, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada upgraded shares of Republic Services from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research note on Friday, February 14th. Scotiabank boosted their price objective on shares of Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 8th. UBS Group raised their price objective on Republic Services from $240.00 to $250.00 and gave the company a "neutral" rating in a research report on Friday, April 11th. Finally, Argus set a $260.00 target price on shares of Republic Services in a report on Tuesday, February 18th. Five research 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $239.13.

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.