Frank Rimerman Advisors LLC Sells 5,373 Shares of Republic Services, Inc. (NYSE:RSG)

Frank Rimerman Advisors LLC reduced its holdings in Republic Services, Inc. (NYSE:RSG) by 48.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,808 shares of the business services provider’s stock after selling 5,373 shares during the period. Frank Rimerman Advisors LLC’s holdings in Republic Services were worth $1,168,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in RSG. FSA Wealth Management LLC bought a new stake in Republic Services during the third quarter worth approximately $25,000. Arcadia Investment Management Corp MI increased its position 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 valued at $27,000 after purchasing an additional 88 shares during the last quarter. R Squared Ltd bought a new stake in Republic Services in the fourth quarter worth $32,000. Truvestments Capital LLC purchased a new position in Republic Services during the third quarter worth $34,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Republic Services in the fourth quarter valued at $48,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RSG has been the topic of several analyst reports. Morgan Stanley upped their price target on shares of Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Jefferies Financial Group raised their price target on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Finally, Argus set a $260.00 price target on shares of Republic Services in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and an average target price of $236.88.

Republic Services Trading Up 1.2 %

Republic Services stock opened at $232.08 on Friday. Republic Services, Inc. has a one year low of $180.91 and a one year high of $240.95. The stock has a market cap of $72.48 billion, a PE ratio of 35.76, a price-to-earnings-growth 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 stock has a 50-day moving average of $221.95 and a two-hundred day moving average of $211.71.

Republic Services (NYSE:RSG) last released its 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 net margin of 12.74% and a return on equity of 18.28%. The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the business earned $1.41 EPS. On average, research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

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

Insider Buying and Selling at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares of the company’s stock, valued at $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.

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.