Siemens Fonds Invest GmbH Sells 18,800 Shares of Republic Services, Inc. (NYSE:RSG)

Siemens Fonds Invest GmbH trimmed its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 83.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,808 shares of the business services provider's stock after selling 18,800 shares during the period. Siemens Fonds Invest GmbH's holdings in Republic Services were worth $766,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RSG. Arcadia Investment Management Corp MI raised its stake in shares of Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after acquiring an additional 88 shares in the last quarter. R Squared Ltd purchased a new position in Republic Services in the 4th quarter worth $32,000. New Age Alpha Advisors LLC lifted its stake in Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock worth $36,000 after purchasing an additional 73 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in Republic Services during the fourth quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Republic Services during the fourth quarter valued at about $48,000. Institutional investors own 57.73% of the company's stock.

Insider Transactions at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction 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 owns 10,416 shares in the company, valued at approximately $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 this hyperlink. Insiders own 0.11% of the company's stock.

Republic Services Stock Up 1.1%

Shares of NYSE:RSG opened at $247.69 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. Republic Services, Inc. has a 52-week low of $180.92 and a 52-week high of $253.54. The firm has a market capitalization of $77.40 billion, a P/E ratio of 38.17, a P/E/G ratio of 3.64 and a beta of 0.66. The stock has a 50 day moving average price of $241.00 and a 200-day moving average price of $224.10.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. The business 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 company's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 earnings per share. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.94%. Republic Services's payout ratio is 34.99%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Royal Bank of Canada restated an "outperform" rating and set a $266.00 target price on shares of Republic Services in a report on Friday, April 25th. Stifel Nicolaus increased their price objective on Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. The Goldman Sachs Group lifted 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 increased their price target on shares of Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird boosted their price objective on shares of Republic Services from $232.00 to $245.00 and gave the company a "neutral" 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Republic Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $249.00.

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.

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