Republic Services, Inc. (NYSE:RSG) Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 15.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,445 shares of the business services provider’s stock after purchasing an additional 2,339 shares during the period. UniSuper Management Pty Ltd’s holdings in Republic Services were worth $3,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in RSG. Stifel Financial Corp grew its position in shares of Republic Services by 437.9% during the 3rd quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after buying an additional 1,477,255 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Republic Services by 23.2% during the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock valued at $1,205,883,000 after purchasing an additional 1,131,850 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Republic Services during the 4th quarter worth approximately $184,827,000. Nordea Investment Management AB lifted its holdings in shares of Republic Services by 19.4% in 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 purchasing an additional 509,116 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in Republic Services by 544.7% during the 3rd quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider’s stock worth $109,580,000 after buying an additional 460,989 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

RSG has been the topic of a number of recent research reports. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and raised their target price for the company from $211.00 to $238.00 in a research note on Friday, December 6th. UBS Group boosted their target price 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. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and raised their price target for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Morgan Stanley boosted their price objective on Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, Argus set a $260.00 target price on Republic Services in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $236.88.

Republic Services Trading Down 0.6 %

Shares of NYSE:RSG opened at $238.37 on Friday. The stock has a market capitalization of $74.44 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 3.64 and a beta of 0.73. Republic Services, Inc. has a 1-year low of $180.92 and a 1-year high of $241.09. The company has a 50 day moving average price of $227.72 and a 200 day moving average price of $213.75. 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 (NYSE:RSG) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the firm posted $1.41 EPS. On average, research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is 35.75%.

Insider Transactions at Republic Services

In other Republic Services news, 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 transaction of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by insiders.

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.