Tocqueville Asset Management L.P. Has $77.16 Million Position in Republic Services, Inc. (NYSE:RSG)

Tocqueville Asset Management L.P. lessened its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 383,524 shares of the business services provider's stock after selling 3,748 shares during the quarter. Republic Services comprises about 1.2% of Tocqueville Asset Management L.P.'s investment portfolio, making the stock its 13th biggest position. Tocqueville Asset Management L.P. owned about 0.12% of Republic Services worth $77,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RSG. Parallel Advisors LLC boosted its stake in Republic Services by 7.4% during the 4th quarter. Parallel Advisors LLC now owns 3,840 shares of the business services provider's stock valued at $773,000 after purchasing an additional 264 shares during the period. Cibc World Markets Corp boosted its position in shares of Republic Services by 420.7% in the fourth quarter. Cibc World Markets Corp now owns 149,076 shares of the business services provider's stock valued at $29,991,000 after acquiring an additional 120,446 shares during the period. SlateStone Wealth LLC grew its stake in shares of Republic Services by 44.2% in the fourth quarter. SlateStone Wealth LLC now owns 6,525 shares of the business services provider's stock worth $1,313,000 after acquiring an additional 2,000 shares during the last quarter. GWN Securities Inc. bought a new position in Republic Services during the fourth quarter worth $993,000. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Republic Services by 3.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 62,190 shares of the business services provider's stock valued at $12,511,000 after purchasing an additional 2,350 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

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Insider Activity

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction 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 approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley upped their target price on Republic Services from $220.00 to $230.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Royal Bank of Canada upgraded shares of 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 report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a "hold" rating to a "buy" rating and increased their price target for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. William Blair reiterated an "outperform" rating on shares of Republic Services in a research note on Friday, February 14th. Finally, UBS Group boosted their price target on Republic Services from $212.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $236.88.

Republic Services Trading Down 0.8 %

NYSE RSG traded down $1.91 on Friday, reaching $232.95. The company had a trading volume of 1,625,553 shares, compared to its average volume of 1,015,994. The stock has a market cap of $72.75 billion, a price-to-earnings ratio of 35.89, a PEG ratio of 3.64 and a beta of 0.73. The stock's 50 day moving average is $224.37 and its 200-day moving average is $212.44. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 52 week low of $180.92 and a 52 week high of $240.95.

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

Republic Services Announces Dividend

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 given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Wednesday, April 2nd. Republic Services's dividend payout ratio (DPR) is currently 35.75%.

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.