Republic Services, Inc. (NYSE:RSG) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its position in shares of Republic Services, Inc. (NYSE:RSG) by 0.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 654,038 shares of the business services provider’s stock after selling 3,340 shares during the period. Sei Investments Co.’s holdings in Republic Services were worth $131,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FSA Wealth Management LLC acquired a new stake in Republic Services in the 3rd quarter valued at $25,000. Arcadia Investment Management Corp MI raised its holdings in shares of Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after acquiring an additional 88 shares during the period. R Squared Ltd purchased a new position in shares of Republic Services during the 4th quarter worth $32,000. Truvestments Capital LLC purchased a new position in shares of Republic Services during the 3rd quarter worth $34,000. Finally, Generali Asset Management SPA SGR purchased a new position in shares of Republic Services during the 4th quarter worth $45,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of Republic Services stock opened at $232.95 on Friday. Republic Services, Inc. has a one year low of $180.92 and a one year high of $240.95. The company has a market cap of $72.75 billion, a PE ratio of 35.89, a P/E/G ratio of 3.64 and a beta of 0.73. 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 business has a 50-day simple moving average of $224.90 and a 200-day simple moving average of $212.62.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the company posted $1.41 earnings per share. On average, 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio is presently 35.75%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RSG shares. Argus set a $260.00 price target on Republic Services in a report on Tuesday, February 18th. CIBC upgraded shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price objective on the stock in a report on Tuesday, March 4th. Stifel Nicolaus boosted their price objective 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 upgraded shares of Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Finally, The Goldman Sachs Group boosted their price objective on shares of Republic Services from $239.00 to $265.00 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, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and a consensus price target of $236.88.

Insider Activity at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of the company’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 transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at $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 is available through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

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.