Los Angeles Capital Management LLC Sells 11,762 Shares of Republic Services, Inc. (NYSE:RSG)

Los Angeles Capital Management LLC decreased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 4.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 252,185 shares of the business services provider’s stock after selling 11,762 shares during the quarter. Los Angeles Capital Management LLC owned about 0.08% of Republic Services worth $48,278,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RSG. Bogart Wealth LLC acquired a new position in shares of Republic Services in the 4th quarter worth approximately $30,000. Turtle Creek Wealth Advisors LLC bought a new position in Republic Services in the 4th quarter valued at $34,000. Jones Financial Companies Lllp boosted its position in Republic Services by 3,014.3% in the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after buying an additional 211 shares during the last quarter. BKM Wealth Management LLC bought a new position in Republic Services in the 4th quarter valued at $37,000. Finally, Bruce G. Allen Investments LLC bought a new position in Republic Services in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insiders Place Their Bets

In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the transaction, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Katharine Weymouth bought 540 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were bought at an average price of $185.26 per share, with a total value of $100,040.40. Following the completion of the transaction, the director now owns 540 shares of the company’s stock, valued at $100,040.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Amanda Hodges sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Republic Services Stock Performance

RSG opened at $191.85 on Thursday. Republic Services, Inc. has a 52-week low of $140.23 and a 52-week high of $196.76. The firm has a market capitalization of $60.42 billion, a PE ratio of 33.66, a PEG ratio of 3.22 and a beta of 0.68. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53. The business’s 50-day simple moving average is $188.00 and its 200 day simple moving average is $179.69.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. Republic Services’s revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts expect that Republic Services, Inc. will post 6.05 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.54%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Morgan Stanley cut Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a research note on Friday, March 15th. BMO Capital Markets boosted their target price on Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Scotiabank boosted their target price on Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group boosted their target price on Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Oppenheimer boosted their target price on Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target of $201.14.

Republic Services 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.