Republic Services, Inc. (NYSE:RSG) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 14.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,074,848 shares of the business services provider's stock after buying an additional 133,221 shares during the quarter. Deutsche Bank AG owned about 0.34% of Republic Services worth $216,238,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in Republic Services by 37.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider's stock valued at $3,586,000 after purchasing an additional 4,827 shares during the last quarter. DnB Asset Management AS grew its stake in Republic Services by 65.1% in the fourth quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider's stock valued at $14,672,000 after acquiring an additional 28,764 shares during the period. Avanza Fonder AB acquired a new position in Republic Services in the fourth quarter valued at about $4,430,000. Czech National Bank grew its stake in Republic Services by 6.1% in the fourth quarter. Czech National Bank now owns 44,134 shares of the business services provider's stock valued at $8,879,000 after acquiring an additional 2,548 shares during the period. Finally, Hickory Point Bank & Trust acquired a new position in Republic Services in the fourth quarter valued at about $790,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Insider Transactions at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. This represents a 37.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.11% of the company's stock.

Republic Services Stock Up 2.2%

RSG traded up $5.32 on Thursday, hitting $243.39. The company had a trading volume of 470,012 shares, compared to its average volume of 1,109,880. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. Republic Services, Inc. has a 52-week low of $180.92 and a 52-week high of $253.54. The stock has a fifty day simple moving average of $240.45 and a 200-day simple moving average of $223.32. The firm has a market capitalization of $76.06 billion, a P/E ratio of 37.47, a P/E/G ratio of 3.64 and a beta of 0.66.

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

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.95%. The ex-dividend date is Wednesday, July 2nd. Republic Services's payout ratio is currently 34.99%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. CIBC raised Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 target price for the company in a research note on Tuesday, March 4th. Raymond James reaffirmed an "outperform" rating on shares of Republic Services in a research report on Wednesday, April 16th. Cibc World Mkts raised Republic Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $266.00 price objective on shares of Republic Services in a research report on Friday, April 25th. Finally, Morgan Stanley upped their price objective on Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Friday, April 25th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $249.00.

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.