Ieq Capital LLC Sells 5,157 Shares of Republic Services, Inc. (NYSE:RSG)

Ieq Capital LLC trimmed its stake in Republic Services, Inc. (NYSE:RSG) by 51.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,951 shares of the business services provider’s stock after selling 5,157 shares during the period. Ieq Capital LLC’s holdings in Republic Services were worth $996,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of RSG. Stifel Financial Corp boosted its position in Republic Services by 437.9% during the 3rd quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after acquiring an additional 1,477,255 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Republic Services by 23.2% during the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock valued at $1,205,883,000 after purchasing an additional 1,131,850 shares in the last quarter. Nordea Investment Management AB grew its stake in Republic Services by 19.4% in the fourth quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock worth $626,553,000 after purchasing an additional 509,116 shares during the period. National Bank of Canada FI raised its holdings in Republic Services by 544.7% in the third quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider’s stock worth $109,580,000 after purchasing an additional 460,989 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of Republic Services by 169.3% during the 3rd quarter. Two Sigma Advisers LP now owns 554,500 shares of the business services provider’s stock valued at $111,366,000 after buying an additional 348,600 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of RSG opened at $232.67 on Tuesday. The firm has a market cap of $72.66 billion, a PE ratio of 35.85, a P/E/G 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 $233.42. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The firm has a fifty day simple moving average of $213.36 and a two-hundred day simple moving average of $208.86.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. The company had revenue of $4.05 billion for 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%. During the same quarter in the prior year, the company earned $1.41 earnings per share. On average, equities analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 1.00%. Republic Services’s dividend payout ratio (DPR) is 35.75%.

Insiders Place Their Bets

In other news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the transaction, the director now owns 879 shares in the company, valued at $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Oppenheimer lifted their price target on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $219.00 to $237.00 in a report on Monday, January 6th. CIBC upped their price target on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Stifel Nicolaus lifted their price objective on Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group increased their target price on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $233.41.

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.