Republic Services, Inc. (NYSE:RSG) Shares Sold by Erste Asset Management GmbH

Erste Asset Management GmbH cut its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,382 shares of the business services provider's stock after selling 3,160 shares during the quarter. Erste Asset Management GmbH's holdings in Republic Services were worth $11,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Atria Investments Inc boosted its position in Republic Services by 7.8% during the 3rd quarter. Atria Investments Inc now owns 12,179 shares of the business services provider's stock valued at $2,446,000 after acquiring an additional 881 shares in the last quarter. Sigma Planning Corp boosted its position in Republic Services by 34.9% during the 3rd quarter. Sigma Planning Corp now owns 5,270 shares of the business services provider's stock valued at $1,058,000 after acquiring an additional 1,364 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Republic Services during the 3rd quarter valued at approximately $39,000. Venturi Wealth Management LLC boosted its position in Republic Services by 16.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider's stock valued at $77,000 after acquiring an additional 54 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in shares of Republic Services by 24.4% during the third quarter. Nations Financial Group Inc. IA ADV now owns 3,619 shares of the business services provider's stock valued at $727,000 after purchasing an additional 711 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Remove Ads

Insiders Place Their Bets

In related news, COO Gregg Brummer sold 6,293 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the transaction, the chief operating officer now owns 10,416 shares of the company's stock, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.09% of the company's stock.

Analyst Ratings Changes

RSG has been the subject of several recent research reports. CIBC upgraded shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 target price for the company in a report on Tuesday, March 4th. William Blair reiterated an "outperform" rating on shares of Republic Services in a report on Friday, February 14th. 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. Argus set a $260.00 price objective on shares of Republic Services in a report on Tuesday, February 18th. Finally, Jefferies Financial Group boosted their price objective on shares of Republic Services from $235.00 to $244.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Five 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $236.88.

Republic Services Price Performance

Shares of NYSE RSG traded down $1.90 during mid-day trading on Tuesday, hitting $233.86. 946,122 shares of the company's stock traded hands, compared to its average volume of 1,015,508. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. Republic Services, Inc. has a 1 year low of $180.92 and a 1 year high of $240.95. The company has a market capitalization of $73.03 billion, a P/E ratio of 36.03, a PEG ratio of 3.64 and a beta of 0.73. The company's 50-day moving average is $222.65 and its two-hundred day moving average is $211.95.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the firm earned $1.41 earnings per share. On average, equities analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared 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 is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.99%. Republic Services's dividend payout ratio is currently 35.75%.

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.