2,192 Shares in Republic Services, Inc. (NYSE:RSG) Purchased by Certior Financial Group LLC

Certior Financial Group LLC acquired a new position in Republic Services, Inc. (NYSE:RSG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,192 shares of the business services provider's stock, valued at approximately $441,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Republic Services during the fourth quarter worth approximately $553,039,000. Raymond James Financial Inc. purchased a new position in shares of Republic Services during the 4th quarter worth approximately $184,827,000. Nordea Investment Management AB grew its stake in shares of Republic Services by 19.4% in the fourth quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider's stock valued at $626,553,000 after buying an additional 509,116 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Republic Services by 3.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock worth $1,259,855,000 after purchasing an additional 218,729 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Republic Services in the fourth quarter worth $38,098,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RSG has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Royal Bank of Canada upgraded shares of Republic Services from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Argus set a $260.00 price target on Republic Services in a report on Tuesday, February 18th. Jefferies Financial Group increased their target price on Republic Services from $235.00 to $244.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley boosted their price objective on shares of Republic Services from $220.00 to $230.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $239.13.

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Republic Services Trading Up 1.6 %

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

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

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services's dividend payout ratio (DPR) is 35.75%.

Insider Buying and Selling

In other news, COO Gregg Brummer sold 6,293 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is currently owned by insiders.

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.