Advisory Services Network LLC Has $1.11 Million Stake in Republic Services, Inc. (NYSE:RSG)

Advisory Services Network LLC lowered its stake in Republic Services, Inc. (NYSE:RSG) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,496 shares of the business services provider’s stock after selling 129 shares during the period. Advisory Services Network LLC’s holdings in Republic Services were worth $1,106,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Republic Services in the 4th quarter worth approximately $553,039,000. Raymond James Financial Inc. acquired a new stake in shares of Republic Services in the fourth quarter worth $184,827,000. Nordea Investment Management AB boosted its holdings in shares of Republic Services by 19.4% during the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock worth $626,553,000 after buying an additional 509,116 shares during the period. Pictet Asset Management Holding SA grew its stake in Republic Services by 3.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider’s stock valued at $1,259,855,000 after buying an additional 218,729 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Republic Services in the 4th quarter worth $38,098,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Up 1.6 %

NYSE RSG opened at $244.09 on Monday. Republic Services, Inc. has a 1-year low of $180.92 and a 1-year high of $249.73. 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’s 50 day moving average is $233.24 and its two-hundred day moving average is $216.78. The company has a market capitalization of $76.22 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 3.64 and a beta of 0.62.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share 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 analysts’ expectations 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 prior year, the business posted $1.41 earnings per share. Equities analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given 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 yield of 0.95%. Republic Services’s dividend payout ratio (DPR) is presently 35.75%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Scotiabank raised 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. Argus set a $260.00 price target on Republic Services in a research report on Tuesday, February 18th. Stifel Nicolaus upped their price target on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. The Goldman Sachs Group boosted their target price on shares of Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Cibc World Mkts raised shares of Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Five investment 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 stock. Based on data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and an average target price of $239.13.

Insiders Place Their Bets

In other news, COO Gregg Brummer sold 6,293 shares of the business’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 value of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at $2,376,931.20. The trade was a 37.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.