ABN Amro Investment Solutions Cuts Stake in Republic Services, Inc. $RSG

ABN Amro Investment Solutions cut its position in Republic Services, Inc. (NYSE:RSG) by 38.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,217 shares of the business services provider’s stock after selling 3,919 shares during the quarter. ABN Amro Investment Solutions’ holdings in Republic Services were worth $1,427,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bowen Hanes & Co. Inc. lifted its position in Republic Services by 7.3% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock valued at $62,772,000 after acquiring an additional 17,280 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Republic Services by 32.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock worth $5,326,000 after purchasing an additional 5,740 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Republic Services by 60.0% during the third quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock valued at $2,906,000 after purchasing an additional 4,750 shares in the last quarter. National Pension Service boosted its position in shares of Republic Services by 1.2% during the third quarter. National Pension Service now owns 758,644 shares of the business services provider’s stock valued at $174,094,000 after buying an additional 9,041 shares during the last quarter. Finally, Valley National Advisers Inc. increased its holdings in Republic Services by 148,250.0% in the 3rd quarter. Valley National Advisers Inc. now owns 8,901 shares of the business services provider’s stock worth $2,042,000 after buying an additional 8,895 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other news, Director Katharine Weymouth purchased 478 shares of the stock in a transaction on Tuesday, December 9th. The shares were acquired at an average price of $209.46 per share, with a total value of $100,121.88. Following the completion of the acquisition, the director directly owned 5,740 shares of the company’s stock, valued at $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Bank of America lowered their target price on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Sanford C. Bernstein boosted their price objective on shares of Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a report on Monday, January 5th. Raymond James Financial restated an “outperform” rating and issued a $240.00 target price on shares of Republic Services in a report on Friday, October 31st. Barclays decreased their target price on shares of Republic Services from $237.00 to $236.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Finally, Oppenheimer dropped their price target on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research note on Friday, January 23rd. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.82.

Republic Services Price Performance

Shares of Republic Services stock opened at $222.92 on Tuesday. The stock has a market cap of $69.01 billion, a P/E ratio of 33.17, a P/E/G 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. The stock’s fifty day moving average is $214.59 and its 200 day moving average is $220.17. Republic Services, Inc. has a one year low of $201.42 and a one year high of $258.75.

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 paid a dividend of $0.625 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s payout ratio is 37.20%.

Republic Services 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.