Quantbot Technologies LP Decreases Stake in Republic Services, Inc. (NYSE:RSG)

Quantbot Technologies LP trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 99.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156 shares of the business services provider's stock after selling 32,599 shares during the quarter. Quantbot Technologies LP's holdings in Republic Services were worth $31,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Douglass Winthrop Advisors LLC boosted its holdings in shares of Republic Services by 3.2% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 2,870 shares of the business services provider's stock valued at $577,000 after buying an additional 90 shares in the last quarter. Algebris UK Ltd purchased a new stake in shares of Republic Services during the 4th quarter valued at $1,514,000. Generali Investments Management Co LLC acquired a new stake in shares of Republic Services in the 4th quarter worth $134,000. Xponance Inc. raised its position in shares of Republic Services by 8.1% in the 4th quarter. Xponance Inc. now owns 31,504 shares of the business services provider's stock valued at $6,338,000 after purchasing an additional 2,360 shares during the last quarter. Finally, Generali Asset Management SPA SGR acquired a new position in Republic Services during the 4th quarter valued at approximately $45,000. 57.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RSG shares. CIBC upgraded shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 target price for the company in a research report on Tuesday, March 4th. Cibc World Mkts raised shares of Republic Services from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a "hold" rating to a "buy" rating and upped their price objective for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Stifel Nicolaus lifted their price objective on Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, William Blair restated an "outperform" rating on shares of Republic Services in a research report on Friday, February 14th. Five 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $236.88.

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Insider Activity

In other news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company's stock.

Republic Services Trading Down 5.3 %

RSG traded down $13.15 during trading hours on Friday, reaching $235.29. The company's stock had a trading volume of 3,157,638 shares, compared to its average volume of 1,101,438. Republic Services, Inc. has a fifty-two week low of $180.92 and a fifty-two week high of $249.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The stock has a market cap of $73.48 billion, a PE ratio of 36.25, a P/E/G ratio of 3.64 and a beta of 0.62. The business's 50-day moving average is $230.70 and its 200-day moving average is $215.25.

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

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.99%. Republic Services's dividend payout ratio 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.