Edgestream Partners L.P. Has $5.51 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Edgestream Partners L.P. boosted its position in Republic Services, Inc. (NYSE:RSG) by 101.5% during the 4th quarter, Holdings Channel reports. The fund owned 27,373 shares of the business services provider’s stock after buying an additional 13,788 shares during the period. Edgestream Partners L.P.’s holdings in Republic Services were worth $5,507,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new position in shares of Republic Services in the 3rd quarter worth $25,000. Arcadia Investment Management Corp MI lifted its stake in shares of Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after buying an additional 88 shares in the last quarter. R Squared Ltd acquired a new position in shares of Republic Services during the fourth quarter valued at about $32,000. Truvestments Capital LLC acquired a new stake in shares of Republic Services in the 3rd quarter worth about $34,000. Finally, Ashton Thomas Securities LLC bought a new position in Republic Services in the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction 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 trade represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by company insiders.

Republic Services Price Performance

Shares of NYSE RSG opened at $234.28 on Friday. The firm has a market cap of $73.16 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. The stock has a fifty day simple moving average of $218.91 and a two-hundred day simple moving average of $210.80. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 1-year low of $180.91 and a 1-year high of $240.95.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion during 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%. During the same quarter last year, the firm posted $1.41 EPS. Analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.99%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is presently 35.75%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RSG. William Blair reissued an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. UBS Group increased their price target on Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Stifel Nicolaus lifted their price objective on shares of Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Jefferies Financial Group increased their target price on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.