Republic Services, Inc. (NYSE:RSG) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc reduced its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,032,965 shares of the business services provider's stock after selling 149,283 shares during the quarter. Republic Services makes up approximately 1.3% of Impax Asset Management Group plc's holdings, making the stock its 17th largest holding. Impax Asset Management Group plc owned about 0.65% of Republic Services worth $335,256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Parcion Private Wealth LLC lifted its stake in Republic Services by 0.3% in the 4th quarter. Parcion Private Wealth LLC now owns 23,808 shares of the business services provider's stock valued at $3,926,000 after purchasing an additional 68 shares during the last quarter. Stokes Family Office LLC lifted its stake in Republic Services by 2.2% in the 3rd quarter. Stokes Family Office LLC now owns 3,209 shares of the business services provider's stock valued at $457,000 after purchasing an additional 70 shares during the last quarter. WASHINGTON TRUST Co lifted its stake in Republic Services by 4.5% in the 4th quarter. WASHINGTON TRUST Co now owns 1,620 shares of the business services provider's stock valued at $267,000 after purchasing an additional 70 shares during the last quarter. FinTrust Capital Advisors LLC lifted its stake in Republic Services by 56.3% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider's stock valued at $28,000 after purchasing an additional 71 shares during the last quarter. Finally, Greenleaf Trust lifted its stake in Republic Services by 1.6% in the 3rd quarter. Greenleaf Trust now owns 4,504 shares of the business services provider's stock valued at $642,000 after purchasing an additional 72 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RSG shares. Morgan Stanley downgraded shares of Republic Services from an "overweight" rating to an "equal weight" rating and set a $199.00 target price for the company. in a research note on Friday, March 15th. BMO Capital Markets raised their price objective on shares of Republic Services from $173.00 to $195.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 28th. Citigroup raised their price objective on shares of Republic Services from $190.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, February 29th. Scotiabank initiated coverage on shares of Republic Services in a research report on Monday. They set a "sector perform" rating and a $211.00 price objective for the company. Finally, The Goldman Sachs Group raised their target price on shares of Republic Services from $182.00 to $209.00 and gave the stock a "buy" rating in a report on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $198.15.

Republic Services Price Performance

NYSE:RSG traded up $0.28 during mid-day trading on Tuesday, reaching $188.80. The stock had a trading volume of 1,171,009 shares, compared to its average volume of 1,184,923. The stock has a 50-day simple moving average of $183.48 and a two-hundred day simple moving average of $166.67. The stock has a market capitalization of $59.40 billion, a PE ratio of 34.52, a P/E/G ratio of 3.30 and a beta of 0.68. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. Republic Services, Inc. has a 12 month low of $133.81 and a 12 month high of $192.57.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.13. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The business had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.73 billion. During the same period last year, the firm posted $1.13 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Republic Services, Inc. will post 6 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd will be given a $0.535 dividend. The ex-dividend date of this dividend is Monday, April 1st. This represents a $2.14 dividend on an annualized basis and a yield of 1.13%. Republic Services's dividend payout ratio is currently 39.12%.

Insider Buying and Selling at Republic Services

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $184.10, for a total value of $1,002,608.60. Following the sale, the chief executive officer now owns 85,113 shares in the company, valued at $15,669,303.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.09% of the company's stock.

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.