Republic Services, Inc. (NYSE:RSG) Position Lessened by Allianz Asset Management GmbH

Allianz Asset Management GmbH lowered its position in Republic Services, Inc. (NYSE:RSG) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555,675 shares of the business services provider’s stock after selling 15,696 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.18% of Republic Services worth $111,791,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RSG. FSA Wealth Management LLC bought a new stake in shares of Republic Services in the 3rd quarter valued at approximately $25,000. R Squared Ltd bought a new stake in Republic Services in the fourth quarter worth approximately $32,000. Truvestments Capital LLC acquired a new position in shares of Republic Services during the 3rd quarter worth $34,000. Ashton Thomas Securities LLC bought a new position in shares of Republic Services during the 3rd quarter valued at $39,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Republic Services in the 4th quarter valued at $48,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Down 0.1 %

Shares of NYSE:RSG opened at $230.73 on Friday. The company’s fifty day moving average is $212.87 and its 200-day moving average is $208.51. 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 52 week low of $180.91 and a 52 week high of $232.52. The company has a market capitalization of $72.05 billion, a PE ratio of 35.55, a P/E/G ratio of 3.62 and a beta of 0.74.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. The firm had revenue of $4.05 billion for 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 period in the previous year, the business earned $1.41 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.01%. Republic Services’s dividend payout ratio is 35.75%.

Analyst Ratings Changes

RSG has been the topic of several analyst reports. Jefferies Financial Group increased their target price on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Morgan Stanley lifted their target price on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and raised 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 boosted their price objective on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and an average target price of $231.75.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now owns 879 shares of the company’s stock, valued at $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 can be accessed through this hyperlink. Also, COO Gregg Brummer sold 6,293 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $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. Corporate insiders own 0.09% of the company’s stock.

Republic Services Company 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.