Fox Run Management L.L.C. Cuts Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Fox Run Management L.L.C. decreased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 31.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,391 shares of the business services provider’s stock after selling 1,100 shares during the period. Fox Run Management L.L.C.’s holdings in Republic Services were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Republic Services by 37.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider’s stock worth $3,586,000 after purchasing an additional 4,827 shares in the last quarter. TCW Group Inc. grew its position in Republic Services by 13.0% during the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock worth $23,013,000 after buying an additional 13,138 shares during the period. Avanza Fonder AB acquired a new stake in shares of Republic Services during the 4th quarter valued at approximately $4,430,000. Czech National Bank boosted its stake in shares of Republic Services by 6.1% during the 4th quarter. Czech National Bank now owns 44,134 shares of the business services provider’s stock worth $8,879,000 after acquiring an additional 2,548 shares in the last quarter. Finally, Hickory Point Bank & Trust purchased a new position in Republic Services in the 4th quarter valued at approximately $790,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the transaction, the chief operating officer now owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RSG has been the subject of a number of research analyst reports. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and raised their price target for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Jefferies Financial Group increased their price target on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Finally, Argus set a $260.00 price objective on Republic Services in a research report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $236.88.

Republic Services Stock Performance

NYSE:RSG opened at $237.91 on Wednesday. The company has a market cap of $74.30 billion, a P/E ratio of 36.66, a P/E/G ratio of 3.64 and a beta of 0.73. The firm’s 50 day moving average is $226.10 and its two-hundred day moving average is $213.16. Republic Services, Inc. has a fifty-two week low of $180.92 and a fifty-two week high of $240.95. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same quarter last year, the firm earned $1.41 earnings per share. Analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 0.98%. Republic Services’s payout ratio is 35.75%.

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.