Republic Services, Inc. (NYSE:RSG) Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 12.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,032 shares of the business services provider's stock after selling 1,895 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Republic Services were worth $2,622,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in Republic Services by 37.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider's stock worth $3,586,000 after buying an additional 4,827 shares during the period. DnB Asset Management AS grew its position in shares of Republic Services by 65.1% during the fourth quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider's stock worth $14,672,000 after acquiring an additional 28,764 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Republic Services in the 4th quarter valued at $4,430,000. Czech National Bank boosted its stake in Republic Services by 6.1% during the 4th quarter. Czech National Bank now owns 44,134 shares of the business services provider's stock worth $8,879,000 after purchasing an additional 2,548 shares during the period. Finally, Hickory Point Bank & Trust purchased a new position in Republic Services during the 4th quarter worth $790,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Insider Buying and Selling at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is currently owned by insiders.

Republic Services Trading Down 0.5 %

Shares of RSG opened at $241.26 on Thursday. The firm's 50-day moving average is $236.37 and its two-hundred day moving average is $218.88. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $249.73. 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 firm has a market capitalization of $75.34 billion, a P/E ratio of 37.17, 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 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.21. The firm 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 business posted $1.41 EPS. On average, research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were paid a $0.58 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.96%. Republic Services's payout ratio is 35.75%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RSG. The Goldman Sachs Group upped their target price on shares of Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Stifel Nicolaus upped their price objective on Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Royal Bank of Canada upgraded Republic Services from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Morgan Stanley increased their price target on Republic Services from $220.00 to $230.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Finally, Argus set a $260.00 price objective on shares of Republic Services in a research note on Tuesday, February 18th. Five equities research 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 company. According to data from MarketBeat, Republic Services presently has an average rating of "Moderate Buy" and a consensus price target of $240.38.

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.

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