Republic Services, Inc. (NYSE:RSG) Stock Position Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 4.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,710 shares of the business services provider's stock after selling 5,605 shares during the quarter. Teacher Retirement System of Texas' holdings in Republic Services were worth $21,669,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in RSG. Pathstone Holdings LLC grew its position in shares of Republic Services by 2.7% in the third quarter. Pathstone Holdings LLC now owns 33,937 shares of the business services provider's stock valued at $6,816,000 after purchasing an additional 888 shares during the last quarter. Caprock Group LLC grew its holdings in Republic Services by 21.9% during the 3rd quarter. Caprock Group LLC now owns 4,828 shares of the business services provider's stock valued at $970,000 after buying an additional 869 shares during the last quarter. Prospera Financial Services Inc raised its holdings in shares of Republic Services by 21.6% in the third quarter. Prospera Financial Services Inc now owns 4,896 shares of the business services provider's stock worth $984,000 after acquiring an additional 869 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Republic Services by 4.4% in the third quarter. PNC Financial Services Group Inc. now owns 49,542 shares of the business services provider's stock valued at $9,950,000 after acquiring an additional 2,082 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Republic Services during the third quarter worth about $6,102,000. 57.73% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the transaction, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised 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 note on Tuesday, December 10th. CIBC raised shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price target on the stock in a research note on Tuesday, March 4th. UBS Group boosted their price objective on shares of Republic Services from $212.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. William Blair reiterated an "outperform" rating on shares of Republic Services in a report on Friday, February 14th. Finally, BMO Capital Markets upgraded Republic Services from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $236.88.

Republic Services Stock Down 0.0 %

Shares of Republic Services stock traded down $0.00 during trading hours on Wednesday, hitting $237.79. 1,554,458 shares of the company's stock traded hands, compared to its average volume of 1,012,908. The company has a market cap of $74.26 billion, a PE ratio of 36.64, a PEG ratio of 3.64 and a beta of 0.73. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $240.95. 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 stock has a 50 day simple moving average of $226.10 and a 200-day simple moving average of $213.16.

Republic Services (NYSE:RSG - Get Free Report) last released its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion during the quarter, compared to analysts' expectations 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 in the prior year, the business posted $1.41 EPS. Equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business 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 0.98%. Republic Services's payout ratio is 35.75%.

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.