Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Position in Republic Services, Inc. $RSG

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Republic Services, Inc. (NYSE:RSG) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,374 shares of the business services provider’s stock after selling 8,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Republic Services were worth $32,443,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bowen Hanes & Co. Inc. boosted its stake in Republic Services by 7.3% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock worth $62,772,000 after buying an additional 17,280 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Republic Services by 32.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock worth $5,326,000 after acquiring an additional 5,740 shares during the last quarter. Farther Finance Advisors LLC increased its position in Republic Services by 60.0% during the third quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock worth $2,906,000 after purchasing an additional 4,750 shares during the last quarter. Nebula Research & Development LLC purchased a new position in Republic Services during the second quarter worth approximately $1,880,000. Finally, Valley National Advisers Inc. boosted its holdings in shares of Republic Services by 148,250.0% in the 3rd quarter. Valley National Advisers Inc. now owns 8,901 shares of the business services provider’s stock valued at $2,042,000 after purchasing an additional 8,895 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Buying and Selling at Republic Services

In related news, Director Katharine Weymouth bought 478 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were acquired at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the purchase, the director owned 5,740 shares in the company, valued at $1,202,300.40. This trade represents a 9.08% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RSG shares. Robert W. Baird set a $240.00 price target on Republic Services in a research report on Friday, October 31st. The Goldman Sachs Group began coverage on Republic Services in a report on Monday, November 24th. They set a “buy” rating and a $255.00 target price for the company. Barclays assumed coverage on shares of Republic Services in a research report on Friday, September 19th. They set an “equal weight” rating and a $240.00 price target on the stock. Wells Fargo & Company began coverage on shares of Republic Services in a research report on Thursday, November 13th. They issued an “overweight” rating and a $238.00 price objective for the company. Finally, Sanford C. Bernstein upped their price target on shares of Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $250.41.

Republic Services Stock Down 0.2%

Shares of NYSE RSG opened at $210.55 on Friday. The firm has a market cap of $65.18 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 3.45 and a beta of 0.55. Republic Services, Inc. has a 1 year low of $201.42 and a 1 year high of $258.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58. The stock’s 50-day simple moving average is $212.50 and its 200-day simple moving average is $224.03.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.12. The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.25 billion. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.Republic Services’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.81 EPS. As a group, equities analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd were issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, January 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.20%.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.