Republic Services, Inc. (NYSE:RSG) Stake Raised by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. grew its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 54.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,119 shares of the business services provider's stock after buying an additional 1,799 shares during the quarter. Coldstream Capital Management Inc.'s holdings in Republic Services were worth $1,030,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in RSG. Norges Bank acquired a new stake in Republic Services in the fourth quarter valued at approximately $553,039,000. Raymond James Financial Inc. acquired a new stake in Republic Services during the 4th quarter valued at $184,827,000. Nordea Investment Management AB increased its stake in Republic Services by 19.4% during 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 buying an additional 509,116 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Republic Services by 10.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock worth $1,069,836,000 after buying an additional 499,237 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of Republic Services by 3.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock valued at $1,259,855,000 after acquiring an additional 218,729 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Stock Performance

RSG stock traded up $1.01 during mid-day trading on Friday, reaching $250.42. The company had a trading volume of 894,106 shares, compared to its average volume of 1,104,766. The stock's 50-day simple moving average is $238.28 and its two-hundred day simple moving average is $220.68. The stock has a market capitalization of $78.26 billion, a P/E ratio of 38.59, a P/E/G ratio of 3.64 and a beta of 0.62. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a one year low of $180.92 and a one year high of $252.32.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.05. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business posted $1.45 EPS. Republic Services's revenue was up 3.8% on a year-over-year basis. Research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) is 34.99%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RSG. The Goldman Sachs Group increased their price target on Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. CIBC raised shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price target for the company in a research report on Tuesday, March 4th. Cibc World Mkts raised shares of Republic Services from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Royal Bank of Canada reissued an "outperform" rating and issued a $266.00 target price on shares of Republic Services in a research report on Friday, April 25th. Finally, William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research report on Friday, April 25th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $249.00.

Insider Activity at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.11% of the company's stock.

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.