Republic Services, Inc. (NYSE:RSG) Holdings Increased by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 141,764 shares of the business services provider's stock after purchasing an additional 9,124 shares during the period. Natixis Advisors LLC's holdings in Republic Services were worth $28,520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its stake in shares of Republic Services by 4.1% in the third quarter. Empowered Funds LLC now owns 15,172 shares of the business services provider's stock valued at $3,047,000 after buying an additional 597 shares in the last quarter. Strengthening Families & Communities LLC grew its position in Republic Services by 5.3% in the third quarter. Strengthening Families & Communities LLC now owns 15,880 shares of the business services provider's stock valued at $3,189,000 after acquiring an additional 797 shares in the last quarter. Pathstone Holdings LLC raised its stake in shares of Republic Services by 2.7% during the third quarter. Pathstone Holdings LLC now owns 33,937 shares of the business services provider's stock valued at $6,816,000 after purchasing an additional 888 shares during the period. Caprock Group LLC boosted its stake in shares of Republic Services by 21.9% in the third quarter. Caprock Group LLC now owns 4,828 shares of the business services provider's stock valued at $970,000 after purchasing an additional 869 shares during the period. Finally, Prospera Financial Services Inc grew its holdings in Republic Services by 21.6% during the 3rd quarter. Prospera Financial Services Inc now owns 4,896 shares of the business services provider's stock valued at $984,000 after purchasing an additional 869 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research firms have weighed in on RSG. Stifel Nicolaus upped their price objective on shares of Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Morgan Stanley boosted their price target on Republic Services from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Jefferies Financial Group raised their price objective on Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. CIBC upgraded 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. Finally, William Blair restated an "outperform" rating on shares of Republic Services in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Republic Services has a consensus rating of "Moderate Buy" and an average price target of $236.88.

Republic Services Stock Performance

Shares of Republic Services stock traded down $1.91 on Friday, reaching $232.95. 1,625,553 shares of the company were exchanged, compared to its average volume of 1,015,994. Republic Services, Inc. has a 1-year low of $180.92 and a 1-year high of $240.95. The firm has a market cap of $72.75 billion, a price-to-earnings ratio of 35.89, a P/E/G ratio of 3.64 and a beta of 0.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The company's 50-day moving average is $224.37 and its two-hundred day moving average is $212.44.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.21. The company had revenue of $4.05 billion for 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 period last year, the business posted $1.41 earnings per share. As a group, research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 dividend yield of 1.00%. Republic Services's payout ratio is currently 35.75%.

Insider Activity

In related news, COO Gregg Brummer sold 6,293 shares of the firm's 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 sale, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.09% of the company's stock.

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.