Republic Services, Inc. (NYSE:RSG) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 120.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,839 shares of the business services provider's stock after acquiring an additional 9,745 shares during the quarter. Tower Research Capital LLC TRC's holdings in Republic Services were worth $3,589,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Republic Services by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock worth $3,740,083,000 after buying an additional 144,719 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in Republic Services by 3.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock worth $1,259,855,000 after buying an additional 218,729 shares in the last quarter. Geode Capital Management LLC raised its holdings in Republic Services by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,565,137 shares of the business services provider's stock worth $918,045,000 after purchasing an additional 57,616 shares during the period. Nordea Investment Management AB grew its holdings in Republic Services by 19.4% in the fourth quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider's stock valued at $626,553,000 after purchasing an additional 509,116 shares during the period. Finally, Norges Bank purchased a new position in Republic Services during the fourth quarter valued at $553,039,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Performance

Shares of Republic Services stock traded up $3.20 on Friday, hitting $243.96. The stock had a trading volume of 1,947,545 shares, compared to its average volume of 1,119,323. The stock has a market cap of $76.23 billion, a price-to-earnings ratio of 37.59, a P/E/G ratio of 3.64 and a beta of 0.62. Republic Services, Inc. has a 52-week low of $180.92 and a 52-week high of $249.73. The company's 50 day moving average price is $236.86 and its 200 day moving average price is $219.46. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.55 by $0.03. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. On average, research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.95%. Republic Services's payout ratio is 34.99%.

Insider Buying and Selling at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction dated 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 owns 10,416 shares of the company's stock, valued at $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Raymond James reiterated an "outperform" rating on shares of Republic Services in a research note on Wednesday, April 16th. Royal Bank of Canada reissued an "outperform" rating on shares of Republic Services in a research note on Friday. 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. Argus set a $260.00 target price on Republic Services in a research note on Tuesday, February 18th. Finally, William Blair reiterated an "outperform" rating on shares of Republic Services in a report on Friday. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $245.38.

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.