MetLife Investment Management LLC Has $10.84 Million Position in Republic Services, Inc. (NYSE:RSG)

MetLife Investment Management LLC grew its holdings in Republic Services, Inc. (NYSE:RSG) by 1.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 53,904 shares of the business services provider’s stock after acquiring an additional 803 shares during the quarter. MetLife Investment Management LLC’s holdings in Republic Services were worth $10,844,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. grew its stake in Republic Services by 2.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock valued at $445,000 after purchasing an additional 48 shares in the last quarter. Access Financial Services Inc. lifted its stake in Republic Services by 0.8% in the fourth quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock valued at $1,243,000 after acquiring an additional 51 shares during the last quarter. Tower Wealth Partners Inc. raised its holdings in shares of Republic Services by 3.3% in the 4th quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 54 shares during the period. Umpqua Bank increased its position in Republic Services by 3.2% during the fourth quarter. Umpqua Bank now owns 1,808 shares of the business services provider’s stock worth $374,000 after buying an additional 56 shares during the last quarter. Finally, Fidelis Capital Partners LLC boosted its stake in shares of Republic Services by 3.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,579 shares of the business services provider’s stock worth $349,000 after acquiring an additional 59 shares during the period. 57.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RSG shares. Argus set a $260.00 price objective on shares of Republic Services in a research report on Tuesday, February 18th. Raymond James reiterated an “outperform” rating on shares of Republic Services in a research note on Wednesday. The Goldman Sachs Group increased 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, February 18th. Cibc World Mkts raised shares of Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Finally, CIBC raised Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price target on the stock in a research report on Tuesday, March 4th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $239.13.

Republic Services Stock Performance

NYSE:RSG opened at $243.11 on Monday. The stock’s 50-day moving average is $235.49 and its 200-day moving average is $218.29. The stock has a market cap of $75.92 billion, a P/E ratio of 37.46, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62. 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.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.21. The firm had revenue of $4.05 billion during the quarter, compared to analysts’ expectations 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 prior year, the company posted $1.41 EPS. Equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.95%. Republic Services’s dividend payout ratio (DPR) is 35.75%.

Insider Buying and Selling at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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.