SeaTown Holdings Pte. Ltd. Sells 23,300 Shares of Republic Services, Inc. (NYSE:RSG)

SeaTown Holdings Pte. Ltd. lowered its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 44.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,680 shares of the business services provider's stock after selling 23,300 shares during the period. Republic Services comprises about 4.1% of SeaTown Holdings Pte. Ltd.'s portfolio, making the stock its 13th biggest position. SeaTown Holdings Pte. Ltd.'s holdings in Republic Services were worth $5,971,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Aaron Wealth Advisors LLC increased its holdings in Republic Services by 47.2% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,416 shares of the business services provider's stock valued at $486,000 after purchasing an additional 775 shares during the period. HB Wealth Management LLC increased its position in Republic Services by 2.2% during the 4th quarter. HB Wealth Management LLC now owns 14,560 shares of the business services provider's stock valued at $2,929,000 after purchasing an additional 309 shares during the period. Trium Capital LLP raised its holdings in Republic Services by 11.3% during the 4th quarter. Trium Capital LLP now owns 11,178 shares of the business services provider's stock worth $2,249,000 after purchasing an additional 1,139 shares during the last quarter. Merit Financial Group LLC acquired a new position in shares of Republic Services in the 4th quarter worth approximately $546,000. Finally, Chemistry Wealth Management LLC boosted its stake in shares of Republic Services by 25.1% in the 4th quarter. Chemistry Wealth Management LLC now owns 1,369 shares of the business services provider's stock valued at $275,000 after purchasing an additional 275 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RSG. BMO Capital Markets raised Republic Services from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $211.00 to $238.00 in a research note on Friday, December 6th. CIBC boosted their price target on Republic Services from $217.00 to $227.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Oppenheimer raised their price objective on shares of Republic Services from $219.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised shares of 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a "hold" rating to a "buy" rating and lifted their price target for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $221.12.

Republic Services Stock Performance

Shares of RSG stock traded up $1.93 during trading on Friday, reaching $213.85. 1,252,829 shares of the company's stock traded hands, compared to its average volume of 890,373. Republic Services, Inc. has a 1 year low of $165.99 and a 1 year high of $220.58. The company has a market capitalization of $66.97 billion, a P/E ratio of 34.22, a PEG ratio of 2.98 and a beta of 0.73. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm's 50-day moving average is $209.27 and its 200 day moving average is $204.52.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.20. The company had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 earnings per share. Equities research analysts expect that Republic Services, Inc. will post 6.25 EPS for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, January 2nd. Republic Services's dividend payout ratio (DPR) is presently 37.12%.

Insiders Place Their Bets

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the transaction, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the sale, the director now owns 879 shares in the company, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The disclosure for this sale can be found here. 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.