Gulf International Bank UK Ltd Sells 197 Shares of Republic Services, Inc. (NYSE:RSG)

Gulf International Bank UK Ltd lessened its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,558 shares of the business services provider’s stock after selling 197 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Republic Services were worth $3,331,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in shares of Republic Services during the third quarter valued at approximately $25,000. Arcadia Investment Management Corp MI grew its stake in Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 88 shares in the last quarter. R Squared Ltd purchased a new stake in Republic Services in the 4th quarter worth $32,000. Truvestments Capital LLC bought a new position in shares of Republic Services during the 3rd quarter valued at about $34,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Republic Services during the third quarter valued at about $39,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction dated 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 transaction, the chief operating officer now 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction dated 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 directly owns 879 shares in the company, valued at $189,222.33. This 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.

Republic Services Trading Up 0.5 %

RSG opened at $232.64 on Friday. Republic Services, Inc. has a one year low of $180.91 and a one year high of $234.02. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The stock has a market cap of $72.65 billion, a price-to-earnings ratio of 35.85, a P/E/G ratio of 3.64 and a beta of 0.74. The stock’s 50 day moving average price is $215.06 and its 200-day moving average price is $209.41.

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

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a $0.58 dividend. 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%.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and increased their price target for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group increased their target price on Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Argus set a $260.00 price target on shares of Republic Services in a research report on Tuesday, February 18th. Morgan Stanley increased their price objective on shares of Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus boosted their target price on shares of Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average price target 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.