Mn Services Vermogensbeheer B.V. Raises Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Mn Services Vermogensbeheer B.V. boosted its stake in Republic Services, Inc. (NYSE:RSG) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,800 shares of the business services provider’s stock after purchasing an additional 3,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Republic Services were worth $17,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. FSA Wealth Management LLC purchased a new position in Republic Services in the third quarter worth $25,000. Arcadia Investment Management Corp MI lifted its stake 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 purchasing an additional 88 shares during the last quarter. R Squared Ltd purchased a new position in shares of Republic Services in the 4th quarter worth about $32,000. Truvestments Capital LLC bought a new position in shares of Republic Services during the 3rd quarter valued at about $34,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Republic Services during the 3rd quarter valued at about $39,000. 57.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. This represents a 67.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction that occurred on 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 in the company, valued at $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus upped their target price on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. UBS Group upped 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. CIBC lifted their target price on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and upped their price target for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Finally, The Goldman Sachs Group lifted their price objective on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average target price of $233.41.

Republic Services Trading Up 0.5 %

NYSE RSG opened at $232.64 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. Republic Services, Inc. has a fifty-two week low of $180.91 and a fifty-two week high of $234.02. The stock has a market cap of $72.65 billion, a P/E ratio of 35.85, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. The stock has a 50 day simple moving average of $215.06 and a two-hundred day simple moving average of $209.41.

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

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is currently 35.75%.

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.