Republic Services, Inc. (RSG) Stake Decreased by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY lowered its holdings in Republic Services, Inc. (NYSE:RSG) by 67.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,983 shares of the business services provider’s stock after selling 73,062 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Republic Services were worth $2,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Republic Services by 0.4% in the fourth quarter. BlackRock Inc. now owns 20,030,671 shares of the business services provider’s stock worth $1,354,276,000 after purchasing an additional 84,721 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Republic Services by 5.4% in the fourth quarter. American Century Companies Inc. now owns 7,882,739 shares of the business services provider’s stock worth $532,952,000 after purchasing an additional 405,985 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Republic Services by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 6,833,445 shares of the business services provider’s stock worth $453,398,000 after purchasing an additional 23,456 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Republic Services by 4.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,426,154 shares of the business services provider’s stock worth $366,863,000 after purchasing an additional 224,249 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Republic Services by 2.7% in the third quarter. Janus Henderson Group PLC now owns 3,847,676 shares of the business services provider’s stock worth $254,177,000 after purchasing an additional 102,801 shares during the last quarter. Hedge funds and other institutional investors own 61.06% of the company’s stock.

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In other Republic Services news, CAO Brian A. Goebel sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $67.88, for a total transaction of $135,760.00. Following the completion of the sale, the chief accounting officer now owns 6,696 shares of the company’s stock, valued at $454,524.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brian A. Goebel sold 1,220 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $68.06, for a total value of $83,033.20. Following the sale, the chief accounting officer now directly owns 7,406 shares of the company’s stock, valued at approximately $504,052.36. The disclosure for this sale can be found here. Insiders sold 32,364 shares of company stock valued at $2,186,101 in the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

Shares of Republic Services stock opened at $65.44 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.94. Republic Services, Inc. has a fifty-two week low of $60.26 and a fifty-two week high of $69.40. The company has a market capitalization of $21,674.64, a price-to-earnings ratio of 26.82, a P/E/G ratio of 2.08 and a beta of 0.55.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.04. Republic Services had a return on equity of 10.61% and a net margin of 12.73%. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. Republic Services’s revenue was up 7.6% compared to the same quarter last year. analysts forecast that Republic Services, Inc. will post 3.08 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, March 29th. Republic Services’s payout ratio is currently 36.41%.

Several research analysts have recently weighed in on RSG shares. Zacks Investment Research cut Republic Services from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Bank of America boosted their price target on Republic Services from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Stifel Nicolaus upgraded Republic Services from a “hold” rating to a “buy” rating and boosted their price target for the stock from $70.00 to $73.00 in a research note on Thursday, January 4th. Credit Suisse Group decreased their price target on Republic Services from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Monday, February 12th. Finally, BMO Capital Markets cut their price objective on Republic Services from $74.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $69.75.

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About Republic Services

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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