Citizens Financial Group Inc. RI Has $1.07 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Citizens Financial Group Inc. RI lessened its stake in Republic Services, Inc. (NYSE:RSG) by 46.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,325 shares of the business services provider’s stock after selling 4,595 shares during the period. Citizens Financial Group Inc. RI’s holdings in Republic Services were worth $1,071,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stifel Financial Corp grew its holdings in shares of Republic Services by 437.9% in 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 buying an additional 1,477,255 shares during the period. Wellington Management Group LLP grew its holdings in shares of Republic Services by 23.2% in the 3rd 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 buying an additional 1,131,850 shares during the period. Raymond James Financial Inc. acquired a new position in Republic Services in the 4th quarter worth $184,827,000. Nordea Investment Management AB boosted its stake in Republic Services by 19.4% in the 4th 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. Finally, National Bank of Canada FI boosted its stake in Republic Services by 544.7% in the 3rd 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 during the period. Institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

RSG has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their target price on shares of Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Jefferies Financial Group upped their target price on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Argus set a $260.00 target price on shares of Republic Services in a research note on Tuesday, February 18th. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Finally, CIBC upgraded shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price objective for the company in a research note on Tuesday, March 4th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $236.88.

Republic Services Stock Down 0.5 %

Shares of RSG stock opened at $230.47 on Thursday. 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 firm’s 50-day moving average is $220.75 and its 200-day moving average is $211.38. The stock has a market cap of $71.97 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 3.64 and a beta of 0.73. Republic Services, Inc. has a 52-week low of $180.91 and a 52-week high of $240.95.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) 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 analysts’ expectations of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same period in the prior year, the firm earned $1.41 EPS. Sell-side analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 1.01%. Republic Services’s dividend payout ratio is currently 35.75%.

Insider Buying and Selling at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the 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 of the company’s stock, valued at $2,376,931.20. This represents a 37.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.