Achmea Investment Management B.V. Sells 1,562 Shares of Republic Services, Inc. (NYSE:RSG)

Achmea Investment Management B.V. lessened its holdings in Republic Services, Inc. (NYSE:RSG) by 1.4% during the fourth quarter, Holdings Channel reports. The fund owned 109,231 shares of the business services provider’s stock after selling 1,562 shares during the period. Achmea Investment Management B.V.’s holdings in Republic Services were worth $21,975,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in RSG. FSA Wealth Management LLC bought a new position in Republic Services during the 3rd quarter worth $25,000. Arcadia Investment Management Corp MI increased its position in 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 worth $27,000 after buying an additional 88 shares during the period. R Squared Ltd bought a new position in Republic Services during the 4th quarter worth $32,000. Truvestments Capital LLC acquired a new stake in shares of Republic Services during the 3rd quarter worth $34,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Republic Services during the 3rd quarter worth $39,000. Institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Argus set a $260.00 price objective on Republic Services in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. UBS Group raised their price objective on Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group lifted their price target on Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $236.88.

Republic Services Price Performance

Shares of RSG opened at $230.47 on Thursday. Republic Services, Inc. has a 1 year low of $180.91 and a 1 year high of $240.95. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The company has a market capitalization of $71.97 billion, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. The business has a 50-day moving average of $220.75 and a 200-day moving average of $211.38.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share (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 company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the company earned $1.41 earnings per share. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.01%. Republic Services’s payout ratio is currently 35.75%.

Insiders Place Their Bets

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

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.