Republic Services, Inc. (NYSE:RSG) Shares Sold by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC lowered its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,989 shares of the business services provider's stock after selling 1,548 shares during the period. Republic Services comprises approximately 2.1% of Cutler Investment Counsel LLC's holdings, making the stock its 14th largest holding. Cutler Investment Counsel LLC's holdings in Republic Services were worth $16,897,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of Republic Services by 23.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider's stock valued at $1,205,883,000 after purchasing an additional 1,131,850 shares in the last quarter. Geode Capital Management LLC raised its stake in Republic Services by 1.7% in the third quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider's stock worth $903,316,000 after buying an additional 73,207 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Republic Services by 19.4% during the fourth quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider's stock worth $626,553,000 after buying an additional 509,116 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Republic Services by 1.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,546,088 shares of the business services provider's stock valued at $509,462,000 after acquiring an additional 25,350 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Republic Services by 437.9% in the 3rd quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider's stock valued at $364,449,000 after acquiring an additional 1,477,255 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Performance

Shares of NYSE RSG traded up $0.57 during trading on Wednesday, reaching $229.12. 428,994 shares of the company traded hands, compared to its average volume of 980,498. The stock has a market cap of $71.75 billion, a P/E ratio of 35.29, a PEG ratio of 3.33 and a beta of 0.74. The firm's fifty day simple moving average is $211.64 and its 200 day simple moving average is $207.96. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12-month low of $179.62 and a 12-month high of $232.52.

Republic Services (NYSE:RSG - Get Free Report) last announced 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. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The company had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same period last year, the business earned $1.41 earnings per share. As a group, research analysts anticipate that Republic Services, Inc. will post 6.89 earnings per share for the current fiscal year.

Republic Services Announces Dividend

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 issued a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.01%. Republic Services's payout ratio is 35.75%.

Insiders Place Their Bets

In related news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now owns 879 shares in the company, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on RSG. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research report on Friday, February 14th. CIBC boosted their price objective on shares of Republic Services from $217.00 to $227.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. The Goldman Sachs Group increased their target price on shares of Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday. Oppenheimer upped their price target on Republic Services from $219.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, UBS Group raised their price objective on Republic Services from $212.00 to $240.00 and gave the stock a "neutral" rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $231.75.

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.