Republic Services, Inc. (NYSE:RSG) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 54.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,119 shares of the business services provider’s stock after purchasing an additional 1,799 shares during the period. Coldstream Capital Management Inc.’s holdings in Republic Services were worth $1,030,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Two Sigma Securities LLC boosted its holdings in shares of Republic Services by 17.6% during the 4th quarter. Two Sigma Securities LLC now owns 5,005 shares of the business services provider’s stock worth $1,007,000 after purchasing an additional 750 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Republic Services by 11.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 5,439 shares of the business services provider’s stock valued at $1,094,000 after acquiring an additional 569 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Republic Services by 3.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 20,485 shares of the business services provider’s stock valued at $4,121,000 after acquiring an additional 769 shares during the last quarter. MGO One Seven LLC lifted its holdings in Republic Services by 125.7% in the fourth quarter. MGO One Seven LLC now owns 7,075 shares of the business services provider’s stock valued at $1,424,000 after acquiring an additional 3,941 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Republic Services by 10.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider’s stock valued at $1,069,836,000 after acquiring an additional 499,237 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Republic Services

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 transaction of $1,436,062.60. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RSG. The Goldman Sachs Group upped their price objective on Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Jefferies Financial Group upped their price objective on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. UBS Group lifted their price objective on Republic Services from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, April 11th. Morgan Stanley raised their target price on Republic Services from $230.00 to $245.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Raymond James reaffirmed an “outperform” rating on shares of Republic Services in a research report on Wednesday, April 16th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $247.19.

Republic Services Trading Up 1.1 %

RSG opened at $246.29 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The firm’s fifty day moving average price is $237.20 and its 200 day moving average price is $219.97. Republic Services, Inc. has a 12-month low of $180.92 and a 12-month high of $249.73. The stock has a market capitalization of $76.96 billion, a PE ratio of 37.95, a P/E/G ratio of 3.64 and a beta of 0.62.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The company had revenue of $4.01 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%. Republic Services’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 earnings per share. As a group, research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.94%. Republic Services’s dividend payout ratio is presently 34.99%.

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.