Republic Services, Inc. (NYSE:RSG) Shares Purchased by Capital World Investors

Capital World Investors boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 0.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,860,077 shares of the business services provider’s stock after acquiring an additional 2,711 shares during the period. Capital World Investors owned about 2.51% of Republic Services worth $1,581,290,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of RSG. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Republic Services by 37.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider’s stock valued at $3,586,000 after acquiring an additional 4,827 shares during the last quarter. DnB Asset Management AS boosted its position in Republic Services by 65.1% during the fourth quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider’s stock worth $14,672,000 after acquiring an additional 28,764 shares during the last quarter. Avanza Fonder AB purchased a new stake in shares of Republic Services in the fourth quarter valued at $4,430,000. Czech National Bank grew its holdings in Republic Services by 6.1% in the 4th quarter. Czech National Bank now owns 44,134 shares of the business services provider’s stock valued at $8,879,000 after buying an additional 2,548 shares during the period. Finally, Hickory Point Bank & Trust purchased a new stake in Republic Services in the fourth quarter valued at approximately $790,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RSG shares. Scotiabank boosted their price target on Republic Services from $233.00 to $250.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 8th. Cibc World Mkts raised shares of Republic Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. CIBC raised shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price target for the company in a research report on Tuesday, March 4th. Jefferies Financial Group upped their target price on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus raised their target price on Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.13.

Republic Services Stock Down 0.2 %

Shares of Republic Services stock opened at $243.11 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $75.92 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 3.64 and a beta of 0.62. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $249.73. The business’s 50 day simple moving average is $235.49 and its 200-day simple moving average is $218.06.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the company posted $1.41 EPS. Equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were paid a dividend of $0.58 per share. 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 is presently 35.75%.

Insider Buying and Selling

In other news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the transaction, the chief operating officer now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.