New Mexico Educational Retirement Board Cuts Position in Republic Services, Inc. (RSG)

New Mexico Educational Retirement Board lessened its holdings in Republic Services, Inc. (NYSE:RSG) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,145 shares of the business services provider’s stock after selling 400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Republic Services were worth $1,458,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Townsend & Associates Inc increased its holdings in Republic Services by 5.8% in the 4th quarter. Townsend & Associates Inc now owns 14,718 shares of the business services provider’s stock worth $1,061,000 after buying an additional 813 shares during the period. MACRO Consulting Group acquired a new stake in shares of Republic Services during the 4th quarter worth approximately $1,685,000. First Hawaiian Bank grew its stake in shares of Republic Services by 26.0% during the 1st quarter. First Hawaiian Bank now owns 7,877 shares of the business services provider’s stock worth $633,000 after purchasing an additional 1,625 shares during the period. California Public Employees Retirement System grew its stake in shares of Republic Services by 49.0% during the 4th 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. Finally, Taylor Cottrill Erickson & Associates Inc. grew its stake in shares of Republic Services by 1.3% during the 4th quarter. Taylor Cottrill Erickson & Associates Inc. now owns 58,440 shares of the business services provider’s stock worth $4,213,000 after purchasing an additional 750 shares during the period. Institutional investors own 60.75% of the company’s stock.

In other news, Director Ramon A. Rodriguez sold 5,480 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $79.75, for a total transaction of $437,030.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tomago Collins sold 4,102 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $80.59, for a total value of $330,580.18. Following the transaction, the director now owns 14,821 shares in the company, valued at approximately $1,194,424.39. The disclosure for this sale can be found here. Insiders have sold a total of 19,700 shares of company stock worth $1,581,097 in the last quarter. Insiders own 0.30% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, February 11th. UBS Group raised their price objective on shares of Republic Services from $79.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Finally, KeyCorp assumed coverage on shares of Republic Services in a research note on Monday, February 4th. They set a “sector weight” rating and a $77.73 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $79.10.

Shares of NYSE RSG opened at $79.04 on Friday. The company has a market cap of $25.43 billion, a PE ratio of 25.58, a PEG ratio of 2.76 and a beta of 0.58. Republic Services, Inc. has a 12 month low of $64.13 and a 12 month high of $81.20. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.58 and a current ratio of 0.58.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, February 7th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the firm posted $0.61 EPS. The business’s revenue was down 1.2% on a year-over-year basis. As a group, analysts forecast that Republic Services, Inc. will post 3.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a dividend of $0.375 per share. The ex-dividend date was Friday, March 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.90%. Republic Services’s dividend payout ratio (DPR) 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.

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

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