Republic Services, Inc. (NYSE:RSG) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 9.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 925,229 shares of the business services provider's stock after selling 93,025 shares during the quarter. Victory Capital Management Inc. owned 0.30% of Republic Services worth $185,823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Wolff Wiese Magana LLC grew its stake in Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider's stock worth $28,000 after purchasing an additional 109 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Republic Services during the 1st quarter valued at approximately $29,000. Webster Bank N. A. purchased a new stake in Republic Services during the 3rd quarter valued at approximately $31,000. Itau Unibanco Holding S.A. purchased a new stake in Republic Services during the 2nd quarter valued at approximately $36,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Republic Services during the 3rd quarter worth approximately $39,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Up 1.4 %

Shares of Republic Services stock traded up $3.02 during trading hours on Wednesday, hitting $215.26. 409,577 shares of the company's stock traded hands, compared to its average volume of 1,121,329. The company has a market cap of $67.41 billion, a PE ratio of 34.26, a PEG ratio of 3.25 and a beta of 0.70. Republic Services, Inc. has a twelve month low of $156.83 and a twelve month high of $216.18. The stock has a 50 day simple moving average of $203.52 and a 200-day simple moving average of $197.67. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the firm earned $1.54 earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.08%. Republic Services's payout ratio is currently 37.12%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Scotiabank assumed coverage on Republic Services in a research note on Friday, October 4th. They set a "sector perform" rating and a $224.00 target price for the company. Oppenheimer increased their target price on Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Raymond James lowered their target price on Republic Services from $219.00 to $214.00 and set an "outperform" rating on the stock in a report on Thursday, July 25th. BMO Capital Markets increased their target price on Republic Services from $209.00 to $211.00 and gave the company a "market perform" rating in a report on Thursday, July 25th. Finally, Robert W. Baird increased their target price on Republic Services from $208.00 to $210.00 and gave the company a "neutral" rating in a report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $215.71.

Insider Activity

In related news, Director Tomago Collins sold 3,200 shares of the business's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction of $649,632.00. Following the sale, the director now owns 17,486 shares of the company's stock, valued at $3,549,832.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.09% of the company's stock.

Republic Services 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.