ABN Amro Investment Solutions Sells 3,919 Shares of Republic Services, Inc. $RSG

ABN Amro Investment Solutions lessened its position in Republic Services, Inc. (NYSE:RSG) by 38.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,217 shares of the business services provider’s stock after selling 3,919 shares during the period. ABN Amro Investment Solutions’ holdings in Republic Services were worth $1,427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Consulate Inc. bought a new stake in shares of Republic Services in the third quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Republic Services by 121.8% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after buying an additional 67 shares during the period. NewSquare Capital LLC grew its position in shares of Republic Services by 68.5% in the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock worth $30,000 after buying an additional 50 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Republic Services during the second quarter valued at approximately $33,000. Finally, Westside Investment Management Inc. raised its holdings in shares of Republic Services by 100.0% during the third quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 86 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on RSG shares. Bank of America cut their price target on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. UBS Group set a $220.00 target price on shares of Republic Services in a research report on Monday, January 5th. JPMorgan Chase & Co. reduced their price target on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Citigroup decreased their price target on shares of Republic Services from $268.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Finally, Robert W. Baird set a $240.00 price objective on Republic Services in a research report on Friday, October 31st. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average target price of $248.82.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth bought 478 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were acquired at an average cost of $209.46 per share, with a total value of $100,121.88. Following the completion of the acquisition, the director owned 5,740 shares of the company’s stock, valued at $1,202,300.40. The trade was a 9.08% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.11% of the company’s stock.

Republic Services Price Performance

Shares of RSG opened at $222.92 on Tuesday. Republic Services, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75. The firm’s 50-day simple moving average is $214.59 and its two-hundred day simple moving average is $220.17. The stock has a market cap of $69.01 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 3.64 and a beta of 0.54. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is 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.