Republic Services, Inc. (NYSE:RSG) Stock Holdings Lessened by Camden National Bank

Camden National Bank lowered its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,347 shares of the business services provider's stock after selling 2,232 shares during the period. Republic Services accounts for 2.1% of Camden National Bank's holdings, making the stock its 10th biggest position. Camden National Bank's holdings in Republic Services were worth $13,951,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in RSG. FSA Wealth Management LLC bought a new stake in Republic Services in the 3rd quarter valued at $25,000. Arcadia Investment Management Corp MI raised its stake in Republic Services by 200.0% in the 4th 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 during the period. R Squared Ltd bought a new stake in Republic Services in the 4th quarter valued at $32,000. Truvestments Capital LLC bought a new stake in Republic Services in the 3rd quarter valued at $34,000. Finally, Ashton Thomas Securities LLC bought a new stake in Republic Services in the 3rd quarter valued at $39,000. Institutional investors own 57.73% of the company's stock.

Republic Services Trading Up 1.2 %

Shares of RSG traded up $2.79 during mid-day trading on Friday, reaching $234.28. 972,254 shares of the company were exchanged, compared to its average volume of 1,052,239. The stock has a market capitalization of $73.16 billion, a PE ratio of 36.10, a PEG ratio of 3.64 and a beta of 0.73. The business has a 50 day simple moving average of $218.91 and a two-hundred day simple moving average of $210.84. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. Republic Services, Inc. has a 52 week low of $180.91 and a 52 week high of $240.95.

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Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.21. The business 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 in the previous year, the company posted $1.41 earnings per share. On average, analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced 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 yield of 0.99%. Republic Services's payout ratio is currently 35.75%.

Insiders Place Their Bets

In other Republic Services 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 completion of the sale, the chief operating officer now owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Jefferies Financial Group increased their price objective on Republic Services from $235.00 to $244.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. CIBC upgraded Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective on the stock in a research report on Tuesday, March 4th. Cibc World Mkts upgraded Republic Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. 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 research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Republic Services from a "hold" rating to a "buy" rating and increased their price objective 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 issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $236.88.

Republic Services Company 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.