National Bank of Canada FI Sells 416 Shares of Republic Services, Inc. (NYSE:RSG)

National Bank of Canada FI lessened its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,225 shares of the business services provider’s stock after selling 416 shares during the quarter. National Bank of Canada FI’s holdings in Republic Services were worth $17,802,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RSG. Ifrah Financial Services Inc. bought a new stake in shares of Republic Services in the fourth quarter worth about $203,000. Sapient Capital LLC purchased a new stake in shares of Republic Services during the 4th quarter valued at about $228,000. Axxcess Wealth Management LLC raised its holdings in Republic Services by 183.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 8,075 shares of the business services provider’s stock worth $1,332,000 after purchasing an additional 5,226 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of Republic Services by 8,931.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 204,028 shares of the business services provider’s stock worth $33,646,000 after purchasing an additional 201,769 shares during the period. Finally, Running Oak Capital LLC bought a new stake in Republic Services during the 4th quarter valued at approximately $8,713,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group upped their target price on shares of Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer lifted their price objective on Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Jefferies Financial Group increased their target price on Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Scotiabank lifted their price objective on shares of Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 1st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $201.00.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $188.56 on Wednesday. The business’s 50 day moving average price is $188.14 and its 200-day moving average price is $172.87. Republic Services, Inc. has a 1 year low of $140.07 and a 1 year high of $196.76. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $59.38 billion, a PE ratio of 33.08, a P/E/G ratio of 3.22 and a beta of 0.67.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 earnings per share. As a group, equities research analysts expect that Republic Services, Inc. will post 6.05 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s dividend payout ratio is presently 37.54%.

Insiders Place Their Bets

In other news, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the sale, the chief marketing officer now owns 6,831 shares in the company, valued at $1,270,702.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the sale, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the transaction, the chief executive officer now directly owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

About Republic Services

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.