MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Position in Republic Services, Inc. (NYSE:RSG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,904 shares of the business services provider's stock after acquiring an additional 6,399 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Republic Services were worth $20,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of RSG. McGlone Suttner Wealth Management Inc. boosted its position in shares of Republic Services by 2.2% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider's stock worth $445,000 after purchasing an additional 48 shares in the last quarter. FORA Capital LLC lifted its position in Republic Services by 0.7% during the fourth quarter. FORA Capital LLC now owns 7,659 shares of the business services provider's stock valued at $1,541,000 after purchasing an additional 50 shares during the period. Access Financial Services Inc. raised its stake in Republic Services by 0.8% during the 4th quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider's stock valued at $1,243,000 after buying an additional 51 shares during the last quarter. Tower Wealth Partners Inc. lifted its holdings in Republic Services by 3.3% in the fourth quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider's stock valued at $341,000 after acquiring an additional 54 shares during the period. Finally, Umpqua Bank boosted its holdings in shares of Republic Services by 3.2% in the fourth quarter. Umpqua Bank now owns 1,808 shares of the business services provider's stock worth $374,000 after buying an additional 56 shares during the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Gregg Brummer sold 6,293 shares of the 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 transaction, the chief operating officer now owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. This represents a 37.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

RSG has been the topic of several recent research reports. Argus set a $260.00 price target on shares of Republic Services in a research report on Tuesday, February 18th. Raymond James reiterated an "outperform" rating on shares of Republic Services in a research report on Wednesday, April 16th. Scotiabank upped their price target on Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 8th. CIBC raised shares of 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. Finally, BMO Capital Markets lifted their price target on shares of Republic Services from $260.00 to $268.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $249.00.

Republic Services Price Performance

NYSE RSG traded up $0.92 during trading on Tuesday, hitting $251.29. 181,046 shares of the stock traded hands, compared to its average volume of 1,235,908. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $78.53 billion, a P/E ratio of 38.72, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. Republic Services, Inc. has a 12-month low of $180.91 and a 12-month high of $253.54. The firm has a 50-day simple moving average of $241.39 and a 200-day simple moving average of $224.65.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.05. The company had revenue of $4.01 billion for 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%. Republic Services's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 EPS. As a group, analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 0.92%. Republic Services's dividend payout ratio (DPR) is 34.99%.

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.