Brevan Howard Capital Management LP Sells 3,211 Shares of Republic Services, Inc. (NYSE:RSG)

Brevan Howard Capital Management LP reduced its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 49.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,330 shares of the business services provider's stock after selling 3,211 shares during the quarter. Brevan Howard Capital Management LP's holdings in Republic Services were worth $670,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI raised its position in shares of Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after purchasing an additional 88 shares during the period. R Squared Ltd acquired a new position in Republic Services during the fourth quarter worth $32,000. New Age Alpha Advisors LLC lifted its stake in shares of Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after buying an additional 73 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Republic Services during the fourth quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Republic Services during the fourth quarter worth about $48,000. Institutional investors own 57.73% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Seaport Res Ptn raised Republic Services to a "strong-buy" rating in a report on Tuesday, May 6th. Stifel Nicolaus increased their target price on shares of Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Cibc World Mkts raised Republic Services from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Citigroup lifted their price objective on shares of Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, The Goldman Sachs Group boosted their target price on shares of Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Republic Services has a consensus rating of "Moderate Buy" and an average target price of $249.00.

Insider Buying and Selling at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the business'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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Republic Services Stock Performance

Shares of Republic Services stock traded down $0.77 during trading hours on Friday, hitting $248.56. 794,226 shares of the company were exchanged, compared to its average volume of 1,098,439. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The business has a 50-day moving average of $240.12 and a 200-day moving average of $222.83. Republic Services, Inc. has a 1 year low of $180.92 and a 1 year high of $253.54. The stock has a market capitalization of $77.67 billion, a price-to-earnings ratio of 38.30, a P/E/G ratio of 3.64 and a beta of 0.66.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the business earned $1.45 earnings per share. The business's revenue was up 3.8% on a year-over-year basis. As a group, analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.93%. Republic Services's dividend payout ratio is presently 34.99%.

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.