Republic Services, Inc. (NYSE:RSG) Stock Holdings Increased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lifted its holdings in Republic Services, Inc. (NYSE:RSG) by 3.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,579 shares of the business services provider’s stock after purchasing an additional 59 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Republic Services were worth $349,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its holdings in shares of Republic Services by 1.3% in the third quarter. Janney Montgomery Scott LLC now owns 55,581 shares of the business services provider’s stock worth $11,163,000 after buying an additional 726 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Republic Services by 7.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 417,756 shares of the business services provider’s stock valued at $83,902,000 after purchasing an additional 29,273 shares during the last quarter. Intact Investment Management Inc. purchased a new position in Republic Services in the third quarter valued at about $72,000. National Pension Service increased its position in Republic Services by 18.9% in the 3rd quarter. National Pension Service now owns 318,629 shares of the business services provider’s stock worth $63,993,000 after purchasing an additional 50,568 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Republic Services by 77.0% during the 3rd quarter. QRG Capital Management Inc. now owns 35,627 shares of the business services provider’s stock worth $7,155,000 after purchasing an additional 15,503 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gregg Brummer sold 6,293 shares of the stock in a transaction dated 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 of the company’s stock, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on RSG. Stifel Nicolaus increased their price objective on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Morgan Stanley increased their price target on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. William Blair reiterated an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and raised their target price for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Finally, BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $236.88.

Republic Services Trading Down 1.7 %

Shares of RSG stock opened at $235.55 on Wednesday. The firm has a market capitalization of $73.56 billion, a P/E ratio of 36.29, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. Republic Services, Inc. has a 1 year low of $180.91 and a 1 year high of $240.95. The firm’s fifty day simple moving average is $217.11 and its 200 day simple moving average is $210.28. 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 posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm posted $1.41 EPS. As a group, sell-side analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is presently 35.75%.

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.