Ycg LLC Sells 135 Shares of Republic Services, Inc. (NYSE:RSG)

Ycg LLC trimmed its holdings in Republic Services, Inc. (NYSE:RSG) by 0.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,542 shares of the business services provider’s stock after selling 135 shares during the quarter. Republic Services comprises about 3.1% of Ycg LLC’s investment portfolio, making the stock its 14th biggest holding. Ycg LLC owned about 0.06% of Republic Services worth $38,492,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RSG. Capital World Investors grew its stake in shares of Republic Services by 416.9% in the fourth quarter. Capital World Investors now owns 6,562,420 shares of the business services provider’s stock worth $1,082,209,000 after acquiring an additional 5,292,862 shares during the period. Norges Bank bought a new stake in shares of Republic Services in the fourth quarter worth approximately $358,837,000. Massachusetts Financial Services Co. MA grew its stake in shares of Republic Services by 0.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,091,482 shares of the business services provider’s stock worth $179,996,000 after acquiring an additional 5,870 shares during the period. Magellan Asset Management Ltd boosted its holdings in shares of Republic Services by 15.9% in the fourth quarter. Magellan Asset Management Ltd now owns 1,058,425 shares of the business services provider’s stock worth $174,545,000 after buying an additional 145,097 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Republic Services by 8.0% in the first quarter. Principal Financial Group Inc. now owns 742,520 shares of the business services provider’s stock worth $142,148,000 after buying an additional 54,877 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Price Performance

Shares of NYSE:RSG traded up $1.55 during midday trading on Friday, reaching $200.25. 891,913 shares of the company were exchanged, compared to its average volume of 1,199,403. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. The business’s fifty day moving average is $189.47 and its two-hundred day moving average is $183.09. Republic Services, Inc. has a one year low of $140.23 and a one year high of $201.34. The stock has a market cap of $63.07 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 3.31 and a beta of 0.69.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. Republic Services’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 earnings per share. As a group, analysts predict that Republic Services, Inc. will post 6.05 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be paid a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s payout ratio is 37.54%.

Insider Activity

In other news, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the sale, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Katharine Weymouth purchased 540 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the acquisition, the director now owns 540 shares in the company, valued at approximately $100,040.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Amanda Hodges sold 6,500 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now owns 6,831 shares in the company, valued at $1,270,702.62. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RSG. Jefferies Financial Group raised their price objective on shares of Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Morgan Stanley downgraded shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective on the stock. in a report on Friday, March 15th. The Goldman Sachs Group raised their price objective on shares of Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Scotiabank lifted their price target on shares of Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a report on Wednesday, May 1st. Finally, Oppenheimer lifted their price target on shares of Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.14.

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.