Republic Services, Inc. (NYSE:RSG) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH lowered its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 83.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,808 shares of the business services provider's stock after selling 18,800 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Republic Services were worth $766,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Arcadia Investment Management Corp MI raised its stake in shares of Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after buying an additional 88 shares during the period. R Squared Ltd purchased a new position in Republic Services during the 4th quarter valued at approximately $32,000. New Age Alpha Advisors LLC boosted its holdings in shares of Republic Services by 70.2% in the 4th 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 period. Park Square Financial Group LLC purchased a new position in shares of Republic Services in the 4th quarter worth approximately $44,000. Finally, Generali Asset Management SPA SGR purchased a new position in shares of Republic Services in the 4th quarter worth approximately $45,000. Institutional investors own 57.73% of the company's stock.

Republic Services Stock Up 0.3%

NYSE RSG traded up $0.75 on Monday, reaching $258.04. 1,430,492 shares of the stock traded hands, compared to its average volume of 1,134,534. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The company has a fifty day moving average price of $245.28 and a 200-day moving average price of $227.82. The company has a market cap of $80.64 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 3.64 and a beta of 0.66. Republic Services, Inc. has a 12 month low of $183.81 and a 12 month high of $258.12.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly 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 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 the consensus estimate of $4.08 billion. During the same period last year, the business posted $1.45 EPS. The business's revenue was up 3.8% compared to the same quarter last year. As a group, research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $266.00 target price on shares of Republic Services in a report on Friday, April 25th. CIBC upgraded Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 target price for the company in a report on Tuesday, March 4th. Stifel Nicolaus lifted their target price on Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. UBS Group lifted their target price on Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Finally, Seaport Res Ptn raised Republic Services to a "strong-buy" rating in a research note on Tuesday, May 6th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $250.44.

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.