Republic Services, Inc. (NYSE:RSG) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,207,640 shares of the business services provider's stock after selling 237,840 shares during the period. Victory Capital Management Inc. owned approximately 0.70% of Republic Services worth $364,062,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Hexagon Capital Partners LLC boosted its stake in shares of Republic Services by 11.9% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,405 shares of the business services provider's stock valued at $232,000 after buying an additional 149 shares during the period. Savant Capital LLC lifted its position in shares of Republic Services by 2.4% during the 4th quarter. Savant Capital LLC now owns 27,287 shares of the business services provider's stock valued at $4,500,000 after acquiring an additional 644 shares during the period. Brighton Jones LLC grew its holdings in shares of Republic Services by 0.3% during the 4th quarter. Brighton Jones LLC now owns 39,691 shares of the business services provider's stock worth $6,545,000 after purchasing an additional 127 shares in the last quarter. Mission Wealth Management LP raised its stake in Republic Services by 20.5% in the fourth quarter. Mission Wealth Management LP now owns 1,944 shares of the business services provider's stock valued at $321,000 after purchasing an additional 331 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. grew its stake in Republic Services by 15.8% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 7,440 shares of the business services provider's stock worth $1,227,000 after buying an additional 1,015 shares in the last quarter. Institutional investors own 57.73% of the company's stock.

Republic Services Trading Down 3.0 %

NYSE RSG traded down $5.70 during trading hours on Wednesday, hitting $186.00. 3,228,257 shares of the company's stock were exchanged, compared to its average volume of 1,247,696. The firm has a market cap of $58.59 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 3.38 and a beta of 0.68. The stock has a 50-day simple moving average of $187.94 and a 200 day simple moving average of $171.57. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. Republic Services, Inc. has a 1-year low of $140.07 and a 1-year high of $196.76.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.35 by $0.10. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The company's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 EPS. On average, equities analysts forecast that Republic Services, Inc. will post 6.01 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be given a dividend of $0.535 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.15%. Republic Services's dividend payout ratio (DPR) is presently 39.12%.

Insider Buying and Selling

In other news, CEO Ark Jon Vander sold 5,446 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on RSG shares. UBS Group lifted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a "neutral" rating in a research note on Wednesday. Morgan Stanley lowered shares of Republic Services from an "overweight" rating to an "equal weight" rating and set a $199.00 price target on the stock. in a report on Friday, March 15th. Citigroup raised their price objective on Republic Services from $190.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, February 29th. Scotiabank boosted their price target on Republic Services from $211.00 to $213.00 and gave the stock a "sector perform" rating in a report on Wednesday. Finally, Jefferies Financial Group raised their price objective on shares of Republic Services from $213.00 to $225.00 and gave the company a "buy" rating in a report on Monday, March 18th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $201.00.

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.