National Bank of Canada FI Sells 313,496 Shares of Republic Services, Inc. (NYSE:RSG)

National Bank of Canada FI decreased its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 57.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 232,117 shares of the business services provider's stock after selling 313,496 shares during the period. National Bank of Canada FI owned about 0.07% of Republic Services worth $46,716,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Arcadia Investment Management Corp MI grew its holdings in shares of Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after acquiring an additional 88 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Republic Services during the fourth quarter worth $32,000. New Age Alpha Advisors LLC boosted its stake in Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock worth $36,000 after purchasing an additional 73 shares during the period. Generali Asset Management SPA SGR bought a new position in shares of Republic Services in the fourth quarter valued at approximately $45,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Republic Services during the 4th quarter valued at $48,000. Institutional investors own 57.73% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on RSG shares. The Goldman Sachs Group boosted their price objective on Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Stifel Nicolaus lifted their price objective on Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. William Blair reiterated an "outperform" rating on shares of Republic Services in a report on Friday, February 14th. Royal Bank of Canada upgraded Republic Services from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a "hold" rating to a "buy" rating and raised their target price for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $236.88.

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Insider Buying and Selling at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares in the company, 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 the SEC website. Company insiders own 0.09% of the company's stock.

Republic Services Stock Down 2.5 %

RSG traded down $5.93 during trading on Monday, hitting $229.49. 866,003 shares of the company's stock traded hands, compared to its average volume of 1,100,657. Republic Services, Inc. has a 12-month low of $180.92 and a 12-month high of $249.73. The company's 50 day simple moving average is $230.70 and its two-hundred day simple moving average is $215.25. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $71.67 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 3.64 and a beta of 0.62.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period last year, the company earned $1.41 EPS. Analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services's dividend payout ratio (DPR) is presently 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.