Ensign Peak Advisors Inc Sells 94,631 Shares of Republic Services, Inc. (NYSE:RSG)

Ensign Peak Advisors Inc decreased its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 585,787 shares of the business services provider's stock after selling 94,631 shares during the period. Ensign Peak Advisors Inc owned 0.19% of Republic Services worth $117,849,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. increased its holdings in shares of Republic Services by 2.2% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider's stock valued at $445,000 after acquiring an additional 48 shares during the last quarter. FORA Capital LLC increased 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 acquiring an additional 50 shares during the last quarter. Access Financial Services Inc. increased its holdings in shares of Republic Services by 0.8% in the 4th quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider's stock valued at $1,243,000 after acquiring an additional 51 shares during the last quarter. Tower Wealth Partners Inc. increased its holdings in shares of Republic Services by 3.3% in the 4th 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 last quarter. Finally, Umpqua Bank increased its holdings in shares of Republic Services by 3.2% in the 4th quarter. Umpqua Bank now owns 1,808 shares of the business services provider's stock valued at $374,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Stock Down 1.2%

RSG stock traded down $2.91 during mid-day trading on Tuesday, hitting $238.55. The stock had a trading volume of 2,874,770 shares, compared to its average volume of 1,108,276. 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 stock has a market capitalization of $74.55 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 3.64 and a beta of 0.66. The company has a fifty day moving average of $240.23 and a 200 day moving average of $223.12. Republic Services, Inc. has a 1-year low of $180.92 and a 1-year high of $253.54.

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

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) is currently 34.99%.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of recent research reports. Jefferies Financial Group upped their price objective on Republic Services from $235.00 to $244.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Citigroup upped their price objective on Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Robert W. Baird boosted their price target on Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Raymond James reiterated an "outperform" rating on shares of Republic Services in a research report on Wednesday, April 16th. Finally, BMO Capital Markets boosted their price target on Republic Services from $260.00 to $268.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $249.00.

Insider Buying and Selling at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 in the company, valued at approximately $2,376,931.20. This trade represents a 37.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.11% of the company's stock.

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.