TD Asset Management Inc. Sells 26,008 Shares of Republic Services, Inc. (NYSE:RSG)

TD Asset Management Inc. decreased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,818,945 shares of the business services provider’s stock after selling 26,008 shares during the quarter. TD Asset Management Inc. owned approximately 0.58% of Republic Services worth $365,935,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in shares of Republic Services in the third quarter valued at approximately $25,000. Arcadia Investment Management Corp MI lifted its holdings in shares of Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after buying an additional 88 shares during the period. R Squared Ltd bought a new position in shares of Republic Services during the 4th quarter worth $32,000. Truvestments Capital LLC purchased a new position in shares of Republic Services during the third quarter valued at $34,000. Finally, Generali Asset Management SPA SGR bought a new stake in shares of Republic Services in the fourth quarter valued at about $45,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RSG has been the topic of a number of research reports. The Goldman Sachs Group raised their target price on shares of Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Stifel Nicolaus lifted their price objective on shares of Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Morgan Stanley increased their target price on Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Jefferies Financial Group boosted their price target on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, CIBC raised Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price objective 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 given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and a consensus price target of $236.88.

Insider Activity

In related news, COO Gregg Brummer sold 6,293 shares of the business’s 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 transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.09% of the company’s stock.

Republic Services Trading Up 1.2 %

NYSE:RSG opened at $236.16 on Tuesday. The company has a market capitalization of $73.75 billion, a P/E ratio of 36.39, a PEG ratio of 3.64 and a beta of 0.73. 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, Inc. has a 12 month low of $180.92 and a 12 month high of $240.95. The firm has a fifty day simple moving average of $225.49 and a 200-day simple moving average of $212.92.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same quarter in the previous year, the firm posted $1.41 EPS. On average, equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

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