Rockefeller Capital Management L.P. Sells 86,787 Shares of Republic Services, Inc. (NYSE:RSG)

Rockefeller Capital Management L.P. cut its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 26.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 237,779 shares of the business services provider's stock after selling 86,787 shares during the period. Rockefeller Capital Management L.P. owned 0.08% of Republic Services worth $47,836,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Scotia Capital Inc. raised its stake in Republic Services by 31.6% in the fourth quarter. Scotia Capital Inc. now owns 4,290 shares of the business services provider's stock valued at $863,000 after buying an additional 1,031 shares during the period. Bessemer Group Inc. raised its stake in Republic Services by 7.3% in the 4th quarter. Bessemer Group Inc. now owns 26,094 shares of the business services provider's stock valued at $5,251,000 after acquiring an additional 1,770 shares during the period. APG Asset Management N.V. boosted its position in Republic Services by 31.6% during the fourth quarter. APG Asset Management N.V. now owns 309,423 shares of the business services provider's stock worth $60,116,000 after purchasing an additional 74,248 shares during the period. Capula Management Ltd acquired a new position in shares of Republic Services in the fourth quarter valued at $255,000. Finally, Peachtree Investment Partners LLC raised its position in shares of Republic Services by 26.4% in the fourth quarter. Peachtree Investment Partners LLC now owns 1,773 shares of the business services provider's stock valued at $357,000 after purchasing an additional 370 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Price Performance

Shares of RSG stock traded down $0.51 on Friday, reaching $243.11. The company had a trading volume of 837,780 shares, compared to its average volume of 1,116,459. The stock has a market capitalization of $75.92 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The business's 50-day moving average is $235.09 and its 200 day moving average is $217.77. Republic Services, Inc. has a one year low of $180.92 and a one year high of $249.73.

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. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the business posted $1.41 EPS. Equities research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were given a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.95%. Republic Services's dividend payout ratio (DPR) is presently 35.75%.

Analysts Set New Price Targets

Several research firms have weighed in on RSG. William Blair reissued an "outperform" rating on shares of Republic Services in a report on Friday, February 14th. Morgan Stanley lifted 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. Argus set a $260.00 price objective on Republic Services in a research report on Tuesday, February 18th. Jefferies Financial Group boosted their target price on shares of Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their price target on shares of Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $239.13.

Insider Activity at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company's stock in a transaction on 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.

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.