Frank Rimerman Advisors LLC Cuts Holdings in Republic Services, Inc. (NYSE:RSG)

Frank Rimerman Advisors LLC lowered its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 48.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,808 shares of the business services provider's stock after selling 5,373 shares during the quarter. Frank Rimerman Advisors LLC's holdings in Republic Services were worth $1,168,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its position in Republic Services by 80.7% during the 3rd quarter. GSA Capital Partners LLP now owns 4,103 shares of the business services provider's stock worth $824,000 after buying an additional 1,833 shares during the last quarter. Huntington National Bank raised its holdings in Republic Services by 1.1% during the third quarter. Huntington National Bank now owns 11,222 shares of the business services provider's stock worth $2,254,000 after purchasing an additional 123 shares in the last quarter. KBC Group NV lifted its position in Republic Services by 1.9% in the third quarter. KBC Group NV now owns 90,490 shares of the business services provider's stock valued at $18,174,000 after purchasing an additional 1,660 shares during the period. Metis Global Partners LLC boosted its holdings in Republic Services by 1.6% in the 3rd quarter. Metis Global Partners LLC now owns 6,730 shares of the business services provider's stock valued at $1,352,000 after purchasing an additional 105 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in Republic Services by 9.5% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,155 shares of the business services provider's stock worth $1,236,000 after purchasing an additional 534 shares during the period. Institutional investors and hedge funds own 57.73% of the company's stock.

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Insider Buying and Selling

In other news, COO Gregg Brummer sold 6,293 shares of the company's stock in a transaction dated 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 represents a 37.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. CIBC upgraded Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price target on the stock in a research note on Tuesday, March 4th. Royal Bank of Canada raised shares of Republic Services from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. The Goldman Sachs Group raised their price objective on shares of Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. UBS Group increased their target price on shares of Republic Services from $212.00 to $240.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Finally, Stifel Nicolaus boosted their price target on Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a research note 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 data from MarketBeat.com, Republic Services has an average rating of "Moderate Buy" and an average price target of $236.88.

Republic Services Trading Up 0.1 %

NYSE:RSG traded up $0.23 on Thursday, reaching $234.79. The stock had a trading volume of 957,670 shares, compared to its average volume of 1,035,256. The company has a market cap of $73.32 billion, a price-to-earnings ratio of 36.18, a P/E/G ratio of 3.64 and a beta of 0.73. Republic Services, Inc. has a 12-month low of $180.91 and a 12-month high of $240.95. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The firm's fifty day moving average is $223.82 and its two-hundred day moving average is $212.29.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.21. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same quarter last year, the business 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 0.99%. Republic Services's 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.