Republic Services, Inc. (NYSE:RSG) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. lessened its stake in shares of Republic Services, Inc. (NYSE:RSG) by 31.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,391 shares of the business services provider’s stock after selling 1,100 shares during the quarter. Fox Run Management L.L.C.’s holdings in Republic Services were worth $481,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RSG. KLP Kapitalforvaltning AS acquired a new stake in Republic Services in the 4th quarter valued at approximately $27,247,000. Umpqua Bank grew its stake in shares of Republic Services by 3.2% in the fourth quarter. Umpqua Bank now owns 1,808 shares of the business services provider’s stock valued at $374,000 after buying an additional 56 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in Republic Services by 45.7% during the 4th quarter. Mizuho Securities USA LLC now owns 19,292 shares of the business services provider’s stock worth $3,881,000 after acquiring an additional 6,054 shares in the last quarter. Douglass Winthrop Advisors LLC boosted its holdings in Republic Services by 3.2% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 2,870 shares of the business services provider’s stock valued at $577,000 after acquiring an additional 90 shares during the period. Finally, Algebris UK Ltd purchased a new stake in Republic Services during the fourth quarter worth about $1,514,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at $2,376,931.20. This represents a 37.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.

Republic Services Price Performance

Shares of NYSE:RSG opened at $237.91 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. Republic Services, Inc. has a 12 month low of $180.92 and a 12 month high of $240.95. The firm has a market capitalization of $74.30 billion, a P/E ratio of 36.66, a P/E/G ratio of 3.64 and a beta of 0.73. The company’s fifty day moving average price is $226.10 and its 200 day moving average price is $213.16.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.21. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period in the previous year, the business earned $1.41 EPS. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.98%. Republic Services’s payout ratio is 35.75%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RSG shares. Argus set a $260.00 price objective on shares of Republic Services in a report on Tuesday, February 18th. CIBC raised Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price objective on the stock in a research report on Tuesday, March 4th. The Goldman Sachs Group lifted their target price on Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Finally, BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $211.00 to $238.00 in a research note on Friday, December 6th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $236.88.

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.