Republic Services, Inc. (RSG) Holdings Trimmed by Axa

Axa decreased its position in Republic Services, Inc. (NYSE:RSG) by 0.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 239,372 shares of the business services provider’s stock after selling 1,268 shares during the period. Axa’s holdings in Republic Services were worth $16,184,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC purchased a new position in Republic Services in the fourth quarter valued at $121,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Republic Services by 507.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,823 shares of the business services provider’s stock worth $123,000 after purchasing an additional 1,523 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Republic Services by 1,070.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,937 shares of the business services provider’s stock worth $199,000 after purchasing an additional 2,686 shares in the last quarter. Welch & Forbes LLC purchased a new stake in shares of Republic Services during the fourth quarter worth about $201,000. Finally, Schroder Investment Management Group increased its stake in shares of Republic Services by 41.4% during the fourth quarter. Schroder Investment Management Group now owns 3,104 shares of the business services provider’s stock worth $210,000 after purchasing an additional 909 shares in the last quarter. 60.47% of the stock is owned by institutional investors.

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In related news, CAO Brian A. Goebel sold 1,220 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $68.06, for a total transaction of $83,033.20. Following the completion of the sale, the chief accounting officer now owns 7,406 shares of the company’s stock, valued at approximately $504,052.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Brian A. Goebel sold 2,000 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $67.88, for a total transaction of $135,760.00. Following the sale, the chief accounting officer now directly owns 6,696 shares of the company’s stock, valued at approximately $454,524.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,128 shares of company stock valued at $1,553,897. 0.40% of the stock is owned by corporate insiders.

A number of analysts have recently commented on the stock. Stifel Nicolaus raised shares of Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $70.00 to $73.00 in a research note on Thursday, January 4th. Zacks Investment Research cut shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. BMO Capital Markets cut their target price on shares of Republic Services from $74.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. Credit Suisse Group cut their target price on shares of Republic Services from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Monday, February 12th. Finally, Bank of America boosted their target price on shares of Republic Services from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $68.57.

Shares of Republic Services, Inc. (RSG) opened at $68.90 on Friday. The company has a market cap of $22,680.00, a PE ratio of 18.23, a PEG ratio of 2.15 and a beta of 0.55. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.55 and a current ratio of 0.55. Republic Services, Inc. has a one year low of $60.26 and a one year high of $69.40.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. Republic Services had a net margin of 12.73% and a return on equity of 10.61%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the company earned $0.57 EPS. Republic Services’s revenue was up 7.6% compared to the same quarter last year. research analysts forecast that Republic Services, Inc. will post 3.08 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be paid a dividend of $0.345 per share. The ex-dividend date is Thursday, March 29th. This represents a $1.38 annualized dividend and a yield of 2.00%. Republic Services’s dividend payout ratio is presently 36.51%.

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Republic Services Company Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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