Republic Services, Inc. (NYSE:RSG) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP trimmed its stake in Republic Services, Inc. (NYSE:RSG) by 44.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,784 shares of the business services provider’s stock after selling 2,226 shares during the quarter. Aigen Investment Management LP’s holdings in Republic Services were worth $560,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in RSG. Stifel Financial Corp grew its position in shares of Republic Services by 437.9% in the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after purchasing an additional 1,477,255 shares during the period. Wellington Management Group LLP lifted its position in Republic Services by 23.2% during the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock worth $1,205,883,000 after buying an additional 1,131,850 shares during the period. Nordea Investment Management AB lifted its position in 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 buying an additional 509,116 shares during the period. National Bank of Canada FI lifted its position in Republic Services by 544.7% during the third quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider’s stock worth $109,580,000 after buying an additional 460,989 shares during the period. Finally, Two Sigma Advisers LP lifted its position in Republic Services by 169.3% during the third quarter. Two Sigma Advisers LP now owns 554,500 shares of the business services provider’s stock worth $111,366,000 after buying an additional 348,600 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Price Performance

RSG stock opened at $231.33 on Friday. 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, Inc. has a 1 year low of $180.91 and a 1 year high of $240.95. The firm has a market cap of $72.24 billion, a P/E ratio of 35.64, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. The stock has a 50-day simple moving average of $218.28 and a 200-day simple moving average of $210.60.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same quarter in the prior year, the business posted $1.41 earnings per share. On average, equities analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio is currently 35.75%.

Insider Activity at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction dated 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 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 is accessible through this link. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RSG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and increased their target price for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Argus set a $260.00 target price on Republic Services in a research report on Tuesday, February 18th. Stifel Nicolaus upped their price target on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. The Goldman Sachs Group upped their price target on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.88.

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.