Mn Services Vermogensbeheer B.V. Buys 3,300 Shares of Republic Services, Inc. (NYSE:RSG)

Mn Services Vermogensbeheer B.V. grew its stake in Republic Services, Inc. (NYSE:RSG) by 3.9% during the 4th quarter, HoldingsChannel reports. The fund owned 87,800 shares of the business services provider’s stock after purchasing an additional 3,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Republic Services were worth $17,664,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of RSG. FSA Wealth Management LLC bought a new position in Republic Services in the 3rd quarter worth about $25,000. Arcadia Investment Management Corp MI raised its holdings in 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 worth $27,000 after buying an additional 88 shares during the last quarter. R Squared Ltd bought a new position in shares of Republic Services in the fourth quarter worth approximately $32,000. Truvestments Capital LLC purchased a new stake in shares of Republic Services during the third quarter valued at approximately $34,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Republic Services during the third quarter valued at approximately $39,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction on 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 transaction, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the sale, the director now owns 879 shares of the company’s stock, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Republic Services Trading Up 0.5 %

NYSE:RSG opened at $232.64 on Friday. Republic Services, Inc. has a one year low of $180.91 and a one year high of $234.02. The business has a fifty day moving average price of $215.06 and a 200-day moving average price of $209.41. The firm has a market capitalization of $72.65 billion, a price-to-earnings ratio of 35.85, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

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, 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 analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the business posted $1.41 earnings per share. Sell-side analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

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

Analyst Upgrades and Downgrades

RSG has been the topic of several recent analyst reports. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and increased their target price for the company from $211.00 to $238.00 in a research note on Friday, December 6th. Morgan Stanley upped their price target on Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Argus set a $260.00 price objective on Republic Services in a report on Tuesday, February 18th. William Blair restated an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and lifted their price target for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average price target of $233.41.

Republic Services 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.