OMERS ADMINISTRATION Corp Has $1.85 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

OMERS ADMINISTRATION Corp increased its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 20.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,192 shares of the business services provider's stock after acquiring an additional 1,560 shares during the period. OMERS ADMINISTRATION Corp's holdings in Republic Services were worth $1,849,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of RSG. Norges Bank purchased a new stake in shares of Republic Services during the 4th quarter valued at approximately $553,039,000. Raymond James Financial Inc. acquired a new position in shares of Republic Services in the fourth quarter worth $184,827,000. Price T Rowe Associates Inc. MD grew its stake in shares of Republic Services by 10.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock worth $1,069,836,000 after purchasing an additional 499,237 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in shares of Republic Services by 170.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 584,345 shares of the business services provider's stock worth $117,559,000 after purchasing an additional 368,395 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in Republic Services by 176.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 548,255 shares of the business services provider's stock valued at $110,298,000 after acquiring an additional 350,221 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Performance

RSG stock traded up $1.41 on Tuesday, reaching $251.78. 639,869 shares of the company were exchanged, compared to its average volume of 1,115,280. The firm has a market capitalization of $78.68 billion, a PE ratio of 38.78, a PEG 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. The stock's fifty day moving average price is $241.39 and its 200 day moving average price is $224.65. Republic Services, Inc. has a 12 month low of $180.92 and a 12 month high of $253.54.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (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 for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the company earned $1.45 EPS. The firm's quarterly revenue was up 3.8% on a year-over-year basis. On average, research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's payout ratio is presently 34.99%.

Insider Activity

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction on 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 transaction, the chief operating officer now directly owns 10,416 shares of the company's stock, valued at $2,376,931.20. The trade was a 37.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RSG. Cibc World Mkts upgraded shares of Republic Services from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research note on Friday, April 25th. Seaport Res Ptn raised shares of Republic Services to a "strong-buy" rating in a report on Tuesday, May 6th. Argus set a $260.00 price target on shares of Republic Services in a research report on Tuesday, February 18th. Finally, BMO Capital Markets raised 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. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Republic Services currently has an average rating of "Moderate Buy" and an average target price of $249.00.

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.