Occudo Quantitative Strategies LP Purchases 4,580 Shares of Republic Services, Inc. (NYSE:RSG)

Occudo Quantitative Strategies LP grew its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 45.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,744 shares of the business services provider's stock after acquiring an additional 4,580 shares during the period. Occudo Quantitative Strategies LP's holdings in Republic Services were worth $2,966,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Arcadia Investment Management Corp MI raised its stake in shares of Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after acquiring an additional 88 shares during the last quarter. R Squared Ltd bought a new stake in shares of Republic Services during the fourth quarter worth approximately $32,000. New Age Alpha Advisors LLC raised its stake in shares of Republic Services by 70.2% during the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock worth $36,000 after buying an additional 73 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Republic Services during the fourth quarter worth approximately $45,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Republic Services during the fourth quarter worth approximately $48,000. 57.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Gregg Brummer sold 6,293 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. This trade represents a 37.66% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 subject of a number of recent research reports. Royal Bank of Canada reissued an "outperform" rating and set a $266.00 price target on shares of Republic Services in a research note on Friday, April 25th. Robert W. Baird boosted their price target on shares of Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Morgan Stanley boosted their price target on shares of Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. BMO Capital Markets upped their target price on shares of Republic Services from $260.00 to $268.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Finally, Citigroup upped their target price on shares of Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Republic Services currently has an average rating of "Moderate Buy" and a consensus price target of $249.00.

Republic Services Stock Up 2.9%

Shares of Republic Services stock traded up $6.88 on Thursday, hitting $244.95. The company had a trading volume of 1,268,557 shares, compared to its average volume of 1,114,240. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $253.54. The stock has a 50-day moving average of $240.68 and a 200-day moving average of $223.63. The firm has a market capitalization of $76.55 billion, a P/E ratio of 37.74, a P/E/G ratio of 3.64 and a beta of 0.66. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.53 by $0.05. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the prior year, the company posted $1.45 earnings per share. The firm's revenue was up 3.8% on a year-over-year basis. Research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) is currently 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.