Republic Services, Inc. (NYSE:RSG) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,239 shares of the business services provider's stock after buying an additional 9,839 shares during the period. Quantinno Capital Management LP's holdings in Republic Services were worth $8,297,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. raised its holdings in Republic Services by 2.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider's stock worth $445,000 after purchasing an additional 48 shares in the last quarter. FORA Capital LLC lifted its holdings in shares of Republic Services by 0.7% in the 4th quarter. FORA Capital LLC now owns 7,659 shares of the business services provider's stock valued at $1,541,000 after buying an additional 50 shares during the period. Access Financial Services Inc. grew its holdings in Republic Services by 0.8% during the fourth quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider's stock worth $1,243,000 after acquiring an additional 51 shares during the period. Tower Wealth Partners Inc. lifted its holdings in Republic Services by 3.3% in the fourth quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider's stock valued at $341,000 after acquiring an additional 54 shares during the period. Finally, Umpqua Bank boosted its position in shares of Republic Services by 3.2% during the 4th quarter. Umpqua Bank now owns 1,808 shares of the business services provider's stock worth $374,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Trading Up 0.7%

Shares of RSG traded up $1.73 during trading hours on Tuesday, hitting $252.10. The stock had a trading volume of 1,147,881 shares, compared to its average volume of 1,245,694. Republic Services, Inc. has a 12-month low of $180.91 and a 12-month high of $253.54. The firm has a market cap of $78.78 billion, a P/E ratio of 38.84, 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 quick ratio of 0.64 and a current ratio of 0.58. The company's fifty day simple moving average is $241.39 and its 200 day simple moving average is $224.65.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating 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 firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the firm posted $1.45 earnings per share. Republic Services's revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

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

Insider Buying and Selling

In related 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 sale, the chief operating officer now owns 10,416 shares of the company's stock, valued at $2,376,931.20. The trade was a 37.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RSG has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on shares of Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a report on Friday, April 25th. UBS Group boosted their price target on Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. CIBC raised Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective for the company in a research note on Tuesday, March 4th. BMO Capital Markets upped their target price on Republic Services from $260.00 to $268.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Finally, Stifel Nicolaus boosted their price objective on shares of Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. 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. According to data from MarketBeat, Republic Services currently has a consensus rating of "Moderate Buy" and an average price target 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.