Jump Financial LLC Lowers Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Jump Financial LLC reduced its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 85.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,518 shares of the business services provider's stock after selling 73,092 shares during the period. Jump Financial LLC's holdings in Republic Services were worth $2,518,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Republic Services by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock worth $3,740,083,000 after acquiring an additional 144,719 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Republic Services by 3.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock valued at $1,259,855,000 after purchasing an additional 218,729 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Republic Services by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,565,137 shares of the business services provider's stock valued at $918,045,000 after buying an additional 57,616 shares during the period. Nordea Investment Management AB lifted its stake in shares of Republic Services by 19.4% in the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider's stock valued at $626,553,000 after purchasing an additional 509,116 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Republic Services during the 4th quarter worth about $553,039,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RSG has been the subject of several research analyst reports. CIBC raised 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 research note on Tuesday, March 4th. Stifel Nicolaus lifted their target price on shares of Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. The Goldman Sachs Group upped their price target on Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Argus set a $260.00 price objective on Republic Services in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada raised Republic Services from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $239.13.

Republic Services Stock Down 1.9 %

Shares of RSG traded down $4.51 during midday trading on Monday, reaching $238.77. The stock had a trading volume of 1,372,695 shares, compared to its average volume of 1,113,764. The company has a market cap of $74.56 billion, a price-to-earnings ratio of 36.79, a PEG ratio of 3.64 and a beta of 0.62. The company's fifty day simple moving average is $235.79 and its two-hundred day simple moving average is $218.56. 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 $249.73.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.21. The firm had revenue of $4.05 billion during 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 in the previous year, the business earned $1.41 earnings per share. Equities research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were given a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.97%. Republic Services's dividend payout ratio (DPR) is presently 35.75%.

Insider Buying and Selling

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 value of $1,436,062.60. Following the completion of the sale, the chief operating officer now directly owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.

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.