Victory Capital Management Inc. Boosts Holdings in Republic Services, Inc. (NYSE:RSG)

Victory Capital Management Inc. lifted its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 940,950 shares of the business services provider's stock after purchasing an additional 15,721 shares during the period. Victory Capital Management Inc. owned about 0.30% of Republic Services worth $189,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. FSA Wealth Management LLC acquired a new position in Republic Services during the third quarter worth $25,000. Arcadia Investment Management Corp MI raised its position in Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after acquiring an additional 88 shares during the period. R Squared Ltd acquired a new position in Republic Services during the fourth quarter worth $32,000. Truvestments Capital LLC acquired a new position in Republic Services during the third quarter worth $34,000. Finally, Ashton Thomas Securities LLC acquired a new position in Republic Services during the third quarter worth $39,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Trading Down 0.1 %

RSG stock traded down $0.29 during mid-day trading on Wednesday, hitting $235.66. 1,367,735 shares of the company were exchanged, compared to its average volume of 1,051,725. 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 firm has a market capitalization of $73.59 billion, a P/E ratio of 36.31, a PEG ratio of 3.64 and a beta of 0.74. The business has a fifty day simple moving average of $217.74 and a 200-day simple moving average of $210.45. Republic Services, Inc. has a 12-month low of $180.91 and a 12-month high of $240.95.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings data 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 business 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. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.98%. Republic Services's payout ratio is currently 35.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on RSG shares. Royal Bank of Canada upgraded shares of Republic Services from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $219.00 to $237.00 in a research report on Monday, January 6th. BMO Capital Markets upgraded shares of Republic Services from a "market perform" rating to an "outperform" rating and increased their target price for the company from $211.00 to $238.00 in a research report on Friday, December 6th. William Blair reiterated an "outperform" rating on shares of Republic Services in a research report on Friday, February 14th. Stifel Nicolaus increased their target price on shares of Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley increased their target price on shares of Republic Services from $220.00 to $230.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $236.88.

Insiders Place Their Bets

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm's stock in a transaction that occurred 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 trade represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Katharine Weymouth sold 1,859 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

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.