Republic Services, Inc. (NYSE:RSG) Stake Trimmed by Tidal Investments LLC

Tidal Investments LLC lowered its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 63.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,855 shares of the business services provider's stock after selling 77,476 shares during the quarter. Tidal Investments LLC's holdings in Republic Services were worth $8,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Republic Services by 37.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider's stock worth $3,586,000 after purchasing an additional 4,827 shares in the last quarter. DnB Asset Management AS increased its stake in 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 purchasing an additional 28,764 shares in the last quarter. Hickory Point Bank & Trust purchased a new position in Republic Services in the 4th quarter worth about $790,000. Uniting Wealth Partners LLC purchased a new position in Republic Services in the 4th quarter worth about $266,000. Finally, EULAV Asset Management grew its stake 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 acquiring an additional 115,000 shares in the last quarter. Hedge funds and other institutional investors 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 stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. The trade was a 37.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RSG. Robert W. Baird lifted their target price on Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $266.00 target price on shares of Republic Services in a research note on Friday, April 25th. Raymond James reaffirmed an "outperform" rating on shares of Republic Services in a research note on Wednesday, April 16th. The Goldman Sachs Group lifted their target price on Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, Citigroup boosted their price target on Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Five research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $249.00.

Republic Services Stock Performance

NYSE:RSG opened at $250.19 on Tuesday. The firm has a market capitalization of $78.18 billion, a PE ratio of 38.55, a PEG ratio of 3.64 and a beta of 0.66. Republic Services, Inc. has a 1 year low of $180.92 and a 1 year high of $253.54. 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 firm's fifty day simple moving average is $241.39 and its 200 day simple moving average is $224.65.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings data 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. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the company posted $1.45 earnings per share. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. On average, sell-side 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. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.93%. Republic Services's dividend payout ratio (DPR) is presently 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.

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