Republic Services, Inc. (NYSE:RSG) Position Trimmed by Dearborn Partners LLC

Dearborn Partners LLC lowered its stake in Republic Services, Inc. (NYSE:RSG) by 0.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 223,168 shares of the business services provider’s stock after selling 46 shares during the quarter. Republic Services comprises 1.9% of Dearborn Partners LLC’s portfolio, making the stock its 8th biggest holding. Dearborn Partners LLC owned 0.07% of Republic Services worth $44,897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in RSG. FSA Wealth Management LLC purchased a new position in Republic Services during the third quarter valued at approximately $25,000. Arcadia Investment Management Corp MI raised its position in shares of Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 88 shares during the period. R Squared Ltd purchased a new position in shares of Republic Services during the 4th quarter valued at $32,000. Truvestments Capital LLC bought a new position in Republic Services in the 3rd quarter worth $34,000. Finally, Ashton Thomas Securities LLC bought a new stake in 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.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Cibc World Mkts upgraded Republic Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $211.00 to $238.00 in a report on Friday, December 6th. Argus set a $260.00 target price on shares of Republic Services in a report on Tuesday, February 18th. UBS Group lifted their price target on shares of Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and increased their price objective for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and an average target price of $236.88.

Republic Services Trading Down 0.4 %

Shares of RSG opened at $233.20 on Tuesday. The company’s fifty day simple moving average is $219.55 and its 200-day simple moving average is $211.06. The company has a market cap of $72.82 billion, a P/E ratio of 35.93, a P/E/G 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 twelve month low of $180.91 and a twelve month high of $240.95.

Republic Services (NYSE:RSG) last posted its quarterly earnings data 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 net margin of 12.74% and a return on equity of 18.28%. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the company posted $1.41 EPS. As a group, analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

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 given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.99%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is presently 35.75%.

Insiders Place Their Bets

In other news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were 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 directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

Republic Services 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.