Republic Services, Inc. (NYSE:RSG) Shares Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. grew its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 176.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 548,255 shares of the business services provider's stock after buying an additional 350,221 shares during the period. Balyasny Asset Management L.P. owned 0.18% of Republic Services worth $110,298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RSG. Barclays PLC grew its holdings in Republic Services by 11.0% in the third quarter. Barclays PLC now owns 675,163 shares of the business services provider's stock worth $135,598,000 after purchasing an additional 66,842 shares during the last quarter. World Investment Advisors LLC grew its stake in Republic Services by 25.8% during the 3rd quarter. World Investment Advisors LLC now owns 3,055 shares of the business services provider's stock worth $613,000 after buying an additional 626 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Republic Services in the third quarter valued at about $1,065,000. GAMMA Investing LLC boosted its holdings in Republic Services by 15.7% in the fourth quarter. GAMMA Investing LLC now owns 5,690 shares of the business services provider's stock worth $1,145,000 after acquiring an additional 773 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Republic Services by 19.4% during the fourth quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider's stock worth $626,553,000 after acquiring an additional 509,116 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company's stock.

Insider Buying and Selling at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.11% of the stock is owned by company insiders.

Republic Services Price Performance

Shares of NYSE:RSG traded up $0.35 during trading on Tuesday, reaching $251.08. The stock had a trading volume of 759,943 shares, compared to its average volume of 1,098,791. Republic Services, Inc. has a 1-year low of $180.92 and a 1-year high of $252.40. The stock has a market cap of $78.46 billion, a PE ratio of 38.69, a PEG ratio of 3.64 and a beta of 0.66. The business has a fifty day moving average price of $239.37 and a 200-day moving average price of $221.72. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.05. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. Republic Services's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.45 earnings per share. On average, equities analysts forecast that Republic Services, Inc. will post 6.86 earnings per share 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. Investors of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.92%. Republic Services's payout ratio is 34.99%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RSG shares. Morgan Stanley lifted their target price 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 lifted their price objective on shares of Republic Services from $260.00 to $268.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Argus set a $260.00 target price on Republic Services in a research report on Tuesday, February 18th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $266.00 price target on shares of Republic Services in a research report on Friday, April 25th. Finally, Stifel Nicolaus increased their price objective on Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Republic Services presently has a consensus rating of "Moderate Buy" and an average target price of $249.00.

Republic Services Company 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.