California State Teachers Retirement System Lowers Stock Holdings in Republic Services, Inc. (NYSE:RSG)

California State Teachers Retirement System lessened its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,941 shares of the business services provider's stock after selling 11,154 shares during the quarter. California State Teachers Retirement System owned about 0.08% of Republic Services worth $52,496,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Republic Services by 37.5% during the 4th 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 acquiring an additional 4,827 shares during the period. DnB Asset Management AS raised its position in shares of Republic Services by 65.1% in the 4th quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider's stock worth $14,672,000 after acquiring an additional 28,764 shares in the last quarter. Hickory Point Bank & Trust bought a new position in shares of Republic Services in the 4th quarter worth $790,000. Uniting Wealth Partners LLC bought a new position in shares of Republic Services in the 4th quarter worth $266,000. Finally, EULAV Asset Management increased its position in Republic Services by 41.7% during the 4th quarter. EULAV Asset Management now owns 390,458 shares of the business services provider's stock valued at $78,552,000 after buying an additional 115,000 shares in the last quarter. Institutional investors own 57.73% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. National Bank Financial raised Republic Services to a "hold" rating in a research report on Monday. The Goldman Sachs Group upped their target price on Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. UBS Group upped their price target on Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Scotiabank upped their price target on Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. Finally, Robert W. Baird increased their target price on Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $250.44.

Republic Services Trading Up 1.2%

Republic Services stock traded up $3.17 during mid-day trading on Friday, hitting $257.61. The company's stock had a trading volume of 2,680,727 shares, compared to its average volume of 1,138,381. The firm has a market capitalization of $80.50 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. Republic Services, Inc. has a 1 year low of $181.51 and a 1 year high of $257.84. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The stock's fifty day moving average is $244.48 and its two-hundred day moving average is $226.95.

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

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a $0.58 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a yield of 0.90%. Republic Services's payout ratio is 34.99%.

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.