Republic Services, Inc. $RSG Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lowered its stake in Republic Services, Inc. (NYSE:RSG) by 15.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 339,620 shares of the business services provider’s stock after selling 62,455 shares during the period. Rockefeller Capital Management L.P.’s holdings in Republic Services were worth $71,976,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Wealth Watch Advisors INC acquired a new position in Republic Services in the third quarter worth about $26,000. Laurel Wealth Advisors LLC acquired a new stake in Republic Services during the fourth quarter valued at approximately $25,000. Ameriflex Group Inc. bought a new position in Republic Services during the 3rd quarter worth approximately $29,000. Prosperity Bancshares Inc acquired a new position in shares of Republic Services in the 4th quarter worth approximately $30,000. Finally, Sound Income Strategies LLC bought a new stake in shares of Republic Services in the 4th quarter valued at approximately $32,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of RSG opened at $204.87 on Friday. The company has a market cap of $63.03 billion, a P/E ratio of 29.39, a PEG ratio of 3.37 and a beta of 0.41. The stock has a fifty day moving average price of $207.44 and a 200 day moving average price of $214.17. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.67. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $251.17.

Republic Services (NYSE:RSG) last posted its earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same period last year, the business posted $1.58 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, research analysts forecast that Republic Services, Inc. will post 7.28 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be given a $0.625 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $2.50 annualized dividend and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is currently 36.15%.

Insider Transactions at Republic Services

In other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the completion of the transaction, the director owned 58 shares in the company, valued at approximately $12,254.24. This represents a 96.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Cascade Investment, L.L.C. purchased 366,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $202.24 per share, for a total transaction of $74,019,840.00. Following the purchase, the insider directly owned 110,315,982 shares of the company’s stock, valued at $22,310,304,199.68. This trade represents a 0.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 987,150 shares of company stock valued at $202,366,682 over the last three months. 0.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RSG shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. JPMorgan Chase & Co. boosted their target price on shares of Republic Services from $233.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, April 10th. Royal Bank Of Canada increased their target price on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Wells Fargo & Company lifted their price target on shares of Republic Services from $238.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Finally, Robert W. Baird lowered their price objective on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. Eleven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.26.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.