Republic Services, Inc. $RSG Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its position in Republic Services, Inc. (NYSE:RSG) by 33.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 28,054 shares of the business services provider’s stock after selling 13,926 shares during the period. Intech Investment Management LLC’s holdings in Republic Services were worth $5,945,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RSG. Laurel Wealth Advisors LLC acquired a new stake in Republic Services in the fourth quarter valued at $25,000. Wealth Watch Advisors INC acquired a new stake in Republic Services in the third quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Republic Services by 121.8% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in Republic Services in the third quarter valued at $29,000. Finally, Sound Income Strategies LLC acquired a new stake in Republic Services in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on RSG. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. JPMorgan Chase & Co. upped their price objective on Republic Services from $233.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, April 10th. BMO Capital Markets reduced their price objective on Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings downgraded Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Finally, Citigroup reduced their price objective on Republic Services from $253.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Eleven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Republic Services has a consensus rating of “Hold” and a consensus price target of $245.15.

Republic Services Stock Performance

NYSE RSG opened at $200.32 on Friday. The business’s 50-day moving average price is $211.11 and its 200 day moving average price is $214.80. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $258.75. The company has a market capitalization of $61.63 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 3.30 and a beta of 0.43. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.11.

Republic Services (NYSE:RSG) last released its earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the prior year, the business posted $1.58 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, research analysts predict that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, July 2nd. Republic Services’s dividend payout ratio (DPR) is 35.87%.

Insiders Place Their Bets

In other news, major shareholder Cascade Investment, L.L.C. bought 60,700 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was bought at an average price of $213.31 per share, for a total transaction of $12,947,917.00. Following the transaction, the insider owned 110,803,982 shares in the company, valued at $23,635,597,400.42. The trade was a 0.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders purchased 987,150 shares of company stock worth $202,366,682. 0.12% of the stock is owned by company insiders.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.