Vontobel Holding Ltd. Sells 1,526 Shares of Republic Services, Inc. (NYSE:RSG)

Vontobel Holding Ltd. reduced its position in Republic Services, Inc. (NYSE:RSG) by 2.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,991 shares of the business services provider’s stock after selling 1,526 shares during the period. Vontobel Holding Ltd.’s holdings in Republic Services were worth $9,893,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RSG. Parcion Private Wealth LLC increased its holdings in shares of Republic Services by 0.3% during the 4th quarter. Parcion Private Wealth LLC now owns 23,808 shares of the business services provider’s stock valued at $3,926,000 after purchasing an additional 68 shares in the last quarter. Stokes Family Office LLC increased its holdings in Republic Services by 2.2% in the 3rd quarter. Stokes Family Office LLC now owns 3,209 shares of the business services provider’s stock worth $457,000 after acquiring an additional 70 shares in the last quarter. WASHINGTON TRUST Co increased its holdings in Republic Services by 4.5% in the 4th quarter. WASHINGTON TRUST Co now owns 1,620 shares of the business services provider’s stock worth $267,000 after acquiring an additional 70 shares in the last quarter. FinTrust Capital Advisors LLC increased its holdings in Republic Services by 56.3% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after acquiring an additional 71 shares in the last quarter. Finally, Greenleaf Trust boosted its stake in Republic Services by 1.6% during the 3rd quarter. Greenleaf Trust now owns 4,504 shares of the business services provider’s stock worth $642,000 after purchasing an additional 72 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the sale, the chief executive officer now directly owns 85,113 shares in the company, valued at approximately $15,669,303.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RSG. Morgan Stanley cut shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price on the stock. in a research note on Friday, March 15th. Citigroup boosted their price target on shares of Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. The Goldman Sachs Group boosted their price target on shares of Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday. BMO Capital Markets boosted their price target on shares of Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Finally, Oppenheimer boosted their price target on shares of Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.77.

Republic Services Trading Up 0.1 %

NYSE RSG opened at $187.47 on Wednesday. Republic Services, Inc. has a one year low of $135.33 and a one year high of $192.57. The firm has a 50 day simple moving average of $185.00 and a 200-day simple moving average of $168.20. The firm has a market cap of $59.05 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 3.27 and a beta of 0.68. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.73 billion. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.13 EPS. Equities research analysts anticipate that Republic Services, Inc. will post 6.01 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.535 per share. The ex-dividend date was Monday, April 1st. This represents a $2.14 dividend on an annualized basis and a yield of 1.14%. Republic Services’s dividend payout ratio (DPR) is presently 39.12%.

About Republic Services

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.