Brown Advisory Inc. Has $789,000 Position in Republic Services, Inc. (NYSE:RSG)

Brown Advisory Inc. lowered its stake in Republic Services, Inc. (NYSE:RSG) by 24.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,943 shares of the business services provider’s stock after selling 3,606 shares during the quarter. Brown Advisory Inc.’s holdings in Republic Services were worth $789,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Matthew Goff Investment Advisor LLC grew its holdings in Republic Services by 2,317.5% during the third quarter. Matthew Goff Investment Advisor LLC now owns 12,266,686 shares of the business services provider’s stock worth $507,412,000 after purchasing an additional 11,759,274 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Republic Services by 13,200.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,319,168 shares of the business services provider’s stock worth $46,000 after purchasing an additional 3,294,212 shares during the period. BlackRock Inc. grew its holdings in Republic Services by 8.4% during the fourth quarter. BlackRock Inc. now owns 20,563,044 shares of the business services provider’s stock worth $1,482,389,000 after purchasing an additional 1,600,885 shares during the period. Pactiv General Employee Benefit Trust bought a new position in Republic Services during the fourth quarter worth about $60,271,000. Finally, California Public Employees Retirement System grew its holdings in Republic Services by 49.0% during the fourth quarter. California Public Employees Retirement System now owns 1,179,278 shares of the business services provider’s stock worth $85,014,000 after purchasing an additional 387,583 shares during the period. 60.76% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Jeffrey A. Hughes sold 10,118 shares of Republic Services stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $80.40, for a total value of $813,487.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tomago Collins sold 4,102 shares of Republic Services stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $80.59, for a total transaction of $330,580.18. Following the completion of the sale, the director now owns 14,821 shares of the company’s stock, valued at $1,194,424.39. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,700 shares of company stock valued at $1,729,597. 0.30% of the stock is owned by company insiders.

A number of research firms recently commented on RSG. UBS Group cut Republic Services from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $83.00 to $77.00 in a report on Thursday, January 10th. Zacks Investment Research upgraded Republic Services from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Finally, Stifel Nicolaus cut Republic Services from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $79.10.

Shares of NYSE:RSG traded up $0.86 during trading on Monday, reaching $79.08. 1,317,565 shares of the stock were exchanged, compared to its average volume of 1,283,635. Republic Services, Inc. has a 12 month low of $64.13 and a 12 month high of $81.20. The stock has a market cap of $25.41 billion, a PE ratio of 25.59, a P/E/G ratio of 2.69 and a beta of 0.58. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.96.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. Republic Services had a return on equity of 12.84% and a net margin of 10.33%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. Equities research analysts expect that Republic Services, Inc. will post 3.25 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be given a $0.375 dividend. The ex-dividend date of this dividend is Friday, March 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.90%. Republic Services’s payout ratio is 48.54%.

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Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.

See Also: Cost of Equity For A Business, Investors

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

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