Teachers Retirement System of The State of Kentucky Sells 822 Shares of Republic Services, Inc. (NYSE:RSG)

Teachers Retirement System of The State of Kentucky trimmed its position in Republic Services, Inc. (NYSE:RSG) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,726 shares of the business services provider’s stock after selling 822 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Republic Services were worth $2,924,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Raleigh Capital Management Inc. lifted its stake in shares of Republic Services by 19.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 357 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 59 shares during the last quarter. V Square Quantitative Management LLC raised its position in Republic Services by 112.7% during the 4th quarter. V Square Quantitative Management LLC now owns 4,115 shares of the business services provider’s stock worth $679,000 after purchasing an additional 2,180 shares during the last quarter. Quarry LP raised its position in Republic Services by 15.6% during the 4th quarter. Quarry LP now owns 728 shares of the business services provider’s stock worth $120,000 after purchasing an additional 98 shares during the last quarter. Bridgefront Capital LLC bought a new position in Republic Services during the 4th quarter worth $625,000. Finally, Argent Capital Management LLC raised its position in Republic Services by 42.4% during the 4th quarter. Argent Capital Management LLC now owns 119,566 shares of the business services provider’s stock worth $19,718,000 after purchasing an additional 35,582 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Republic Services

In related news, Director Katharine Weymouth purchased 540 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was acquired at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the purchase, the director now owns 540 shares of the company’s stock, valued at $100,040.40. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction that occurred on Monday, May 6th. The shares were 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 approximately $1,270,702.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Katharine Weymouth bought 540 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the transaction, the director now owns 540 shares in the company, valued at $100,040.40. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

Republic Services Stock Performance

Shares of RSG opened at $191.85 on Thursday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a 50-day moving average of $188.00 and a 200-day moving average of $179.69. The company has a market cap of $60.42 billion, a PE ratio of 33.66, a P/E/G ratio of 3.22 and a beta of 0.68. Republic Services, Inc. has a one year low of $140.23 and a one year high of $196.76.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.35 by $0.10. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $1.24 EPS. On average, equities research analysts predict that Republic Services, Inc. will post 6.05 EPS for the current fiscal year.

Republic Services Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Royal Bank of Canada assumed coverage on Republic Services in a research report on Monday, April 8th. They set a “sector perform” rating and a $198.00 target price for the company. BMO Capital Markets raised their target price on Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Oppenheimer lifted their price objective on Republic Services from $202.00 to $204.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Citigroup lifted their price objective on Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, Jefferies Financial Group lifted their price objective on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.14.

Republic Services Company 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.