Frank Rimerman Advisors LLC Trims Stake in Republic Services, Inc. (NYSE:RSG)

Frank Rimerman Advisors LLC trimmed its position in shares of Republic Services, Inc. (NYSE:RSG) by 48.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,808 shares of the business services provider’s stock after selling 5,373 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Republic Services were worth $1,168,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Aviso Financial Inc. boosted its position in shares of Republic Services by 3.8% during the fourth quarter. Aviso Financial Inc. now owns 14,977 shares of the business services provider’s stock valued at $3,013,000 after purchasing an additional 546 shares in the last quarter. LBP AM SA boosted its holdings in shares of Republic Services by 49.9% during the 4th quarter. LBP AM SA now owns 115,479 shares of the business services provider’s stock valued at $23,232,000 after buying an additional 38,448 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Republic Services by 28.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 45,684 shares of the business services provider’s stock worth $9,191,000 after acquiring an additional 10,072 shares in the last quarter. Impact Capital Partners LLC purchased a new position in Republic Services during the 4th quarter valued at about $1,702,000. Finally, CFO4Life Group LLC bought a new stake in Republic Services during the fourth quarter worth about $216,000. Institutional investors own 57.73% of the company’s stock.

Insider Activity at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction 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 approximately $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Republic Services Trading Up 1.2 %

NYSE:RSG opened at $232.08 on Friday. The firm has a market capitalization of $72.48 billion, a price-to-earnings ratio of 35.76, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The business has a fifty day moving average price of $221.95 and a 200-day moving average price of $211.71. Republic Services, Inc. has a one year low of $180.91 and a one year high of $240.95.

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

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.00%. Republic Services’s payout ratio is 35.75%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RSG shares. Stifel Nicolaus lifted their target price on shares of Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Argus set a $260.00 target price on Republic Services in a report on Tuesday, February 18th. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Finally, Morgan Stanley upped their target price on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $236.88.

About Republic Services

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.