Ardevora Asset Management LLP Has $11.03 Million Position in Republic Services, Inc. (NYSE:RSG)

Ardevora Asset Management LLP reduced its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 48.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,855 shares of the business services provider's stock after selling 63,726 shares during the quarter. Ardevora Asset Management LLP's holdings in Republic Services were worth $11,025,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. D.A. Davidson & CO. purchased a new position in Republic Services in the first quarter worth $203,000. Synovus Financial Corp raised its position in Republic Services by 1.9% in the first quarter. Synovus Financial Corp now owns 14,255 shares of the business services provider's stock worth $1,890,000 after acquiring an additional 260 shares in the last quarter. Vontobel Holding Ltd. raised its position in Republic Services by 34.6% in the first quarter. Vontobel Holding Ltd. now owns 3,885 shares of the business services provider's stock worth $523,000 after acquiring an additional 998 shares in the last quarter. Blair William & Co. IL raised its position in Republic Services by 1.6% in the first quarter. Blair William & Co. IL now owns 31,162 shares of the business services provider's stock worth $4,129,000 after acquiring an additional 495 shares in the last quarter. Finally, Moors & Cabot Inc. raised its position in Republic Services by 2.9% in the first quarter. Moors & Cabot Inc. now owns 6,726 shares of the business services provider's stock worth $891,000 after acquiring an additional 187 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction on Monday, March 4th. The stock was 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 directly owns 85,113 shares of the company's stock, valued at $15,669,303.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by corporate insiders.

Republic Services Stock Up 0.4 %

Shares of RSG traded up $0.79 during trading on Friday, reaching $189.76. The company's stock had a trading volume of 1,576,417 shares, compared to its average volume of 1,184,278. The company has a fifty day moving average of $185.90 and a two-hundred day moving average of $169.19. Republic Services, Inc. has a twelve month low of $135.33 and a twelve month high of $192.57. The company has a market cap of $59.77 billion, a price-to-earnings ratio of 34.69, a P/E/G ratio of 3.32 and a beta of 0.68. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.13. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The business's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 EPS. On average, sell-side analysts predict that Republic Services, Inc. will post 6.01 EPS for the current fiscal year.

Republic Services Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised their price target on Republic Services from $180.00 to $188.00 and gave the company an "overweight" rating in a research report on Tuesday, February 6th. Oppenheimer raised their price target on Republic Services from $182.00 to $195.00 and gave the company an "outperform" rating in a research report on Wednesday, February 28th. UBS Group cut Republic Services from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $175.00 to $195.00 in a research report on Thursday, February 29th. Citigroup lifted their price objective on Republic Services from $190.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group lifted their price objective on Republic Services from $209.00 to $230.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Republic Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $199.77.

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.