Teacher Retirement System of Texas Sells 10,642 Shares of Republic Services, Inc. (NYSE:RSG)

Teacher Retirement System of Texas reduced its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 9.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 97,068 shares of the business services provider's stock after selling 10,642 shares during the period. Teacher Retirement System of Texas' holdings in Republic Services were worth $23,506,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Revisor Wealth Management LLC bought a new position in shares of Republic Services in the first quarter worth about $293,000. Aaron Wealth Advisors LLC grew its position in shares of Republic Services by 4.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 2,534 shares of the business services provider's stock worth $614,000 after buying an additional 118 shares during the period. Rossby Financial LCC grew its position in shares of Republic Services by 90.4% during the 1st quarter. Rossby Financial LCC now owns 2,190 shares of the business services provider's stock worth $533,000 after buying an additional 1,040 shares during the period. DAVENPORT & Co LLC grew its position in shares of Republic Services by 0.3% during the 1st quarter. DAVENPORT & Co LLC now owns 377,996 shares of the business services provider's stock worth $91,233,000 after buying an additional 1,283 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Republic Services by 1.2% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,930 shares of the business services provider's stock worth $7,248,000 after buying an additional 365 shares during the period. 57.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RSG shares. Wall Street Zen cut shares of Republic Services from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Morgan Stanley boosted their price objective on shares of Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a report on Friday, April 25th. Scotiabank boosted their price objective on shares of Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a report on Tuesday, April 8th. Seaport Res Ptn upgraded shares of Republic Services to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, National Bank Financial upgraded shares of Republic Services to a "hold" rating in a report on Monday, May 26th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Republic Services presently has a consensus rating of "Moderate Buy" and an average target price of $252.68.

Republic Services Stock Performance

NYSE RSG traded up $0.03 on Monday, hitting $241.17. 613,741 shares of the stock were exchanged, compared to its average volume of 1,139,284. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66. The business's fifty day moving average is $248.98 and its 200 day moving average is $233.73. Republic Services, Inc. has a 52 week low of $188.82 and a 52 week high of $258.75. The company has a market capitalization of $75.36 billion, a PE ratio of 36.37, a P/E/G ratio of 3.69 and a beta of 0.61.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.05. Republic Services had a net margin of 12.88% and a return on equity of 18.28%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the firm posted $1.45 earnings per share. The company's quarterly revenue was up 3.8% compared to the same quarter last year. Research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Wednesday, July 2nd. Republic Services's payout ratio is presently 34.99%.

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.