Quantbot Technologies LP Sells 32,599 Shares of Republic Services, Inc. (NYSE:RSG)

Quantbot Technologies LP trimmed its position in Republic Services, Inc. (NYSE:RSG) by 99.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 156 shares of the business services provider’s stock after selling 32,599 shares during the period. Quantbot Technologies LP’s holdings in Republic Services were worth $31,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of RSG. Douglass Winthrop Advisors LLC lifted its holdings in shares of Republic Services by 3.2% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 2,870 shares of the business services provider’s stock worth $577,000 after purchasing an additional 90 shares during the period. Algebris UK Ltd acquired a new position in Republic Services during the 4th quarter worth about $1,514,000. Generali Investments Management Co LLC bought a new stake in shares of Republic Services in the 4th quarter valued at about $134,000. Xponance Inc. increased its stake in shares of Republic Services by 8.1% in the fourth quarter. Xponance Inc. now owns 31,504 shares of the business services provider’s stock valued at $6,338,000 after buying an additional 2,360 shares during the period. Finally, Generali Asset Management SPA SGR bought a new position in shares of Republic Services during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. UBS Group boosted their price objective on Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Stifel Nicolaus increased their price target on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. CIBC upgraded shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price objective for the company in a research note on Tuesday, March 4th. Argus set a $260.00 target price on shares of Republic Services in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group lifted their price target on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $236.88.

Republic Services Stock Up 0.6 %

Shares of NYSE RSG opened at $243.57 on Wednesday. The firm has a fifty day simple moving average of $228.86 and a two-hundred day simple moving average of $214.39. The firm has a market capitalization of $76.06 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12 month low of $180.92 and a 12 month high of $244.00.

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

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio is currently 35.75%.

Insider Transactions at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares in the company, valued at $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.

Republic Services Company 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.