Accident Compensation Corp trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 7.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,732 shares of the business services provider’s stock after selling 2,800 shares during the period. Accident Compensation Corp’s holdings in Republic Services were worth $2,416,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of RSG. SeaCrest Wealth Management LLC bought a new position in shares of Republic Services during the 4th quarter worth approximately $121,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Republic Services by 507.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,823 shares of the business services provider’s stock worth $123,000 after buying an additional 1,523 shares in the last quarter. Welch & Forbes LLC bought a new position in shares of Republic Services during the 4th quarter worth approximately $201,000. Cetera Investment Advisers bought a new position in shares of Republic Services during the 2nd quarter worth approximately $211,000. Finally, Advisory Services Network LLC boosted its holdings in shares of Republic Services by 6.3% during the 2nd quarter. Advisory Services Network LLC now owns 3,782 shares of the business services provider’s stock worth $241,000 after buying an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 59.57% of the company’s stock.

A number of research firms have issued reports on RSG. Zacks Investment Research upgraded Republic Services from a “sell” rating to a “hold” rating in a report on Friday, October 20th. BMO Capital Markets cut their target price on Republic Services from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, November 6th. Bank of America increased their target price on Republic Services from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Stifel Nicolaus upgraded Republic Services from a “hold” rating to a “buy” rating and increased their target price for the stock from $70.00 to $73.00 in a report on Thursday, January 4th. Finally, Credit Suisse Group cut their target price on Republic Services from $69.00 to $67.00 and set a “neutral” rating on the stock in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Republic Services currently has a consensus rating of “Hold” and an average target price of $69.00.

In related news, CEO Donald W. Slager sold 98,132 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $64.19, for a total value of $6,299,093.08. Following the completion of the sale, the chief executive officer now directly owns 322,541 shares of the company’s stock, valued at approximately $20,703,906.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Brian A. Goebel sold 1,290 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $68.44, for a total value of $88,287.60. Following the completion of the sale, the chief accounting officer now directly owns 6,696 shares of the company’s stock, valued at $458,274.24. The disclosure for this sale can be found here. Insiders sold a total of 137,063 shares of company stock valued at $8,816,258 over the last three months. 0.40% of the stock is currently owned by insiders.

Republic Services, Inc. (NYSE:RSG) opened at $61.96 on Monday. Republic Services, Inc. has a twelve month low of $57.74 and a twelve month high of $69.40. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.54 and a quick ratio of 0.51. The stock has a market capitalization of $20,708.58, a price-to-earnings ratio of 16.35, a P/E/G ratio of 1.99 and a beta of 0.53.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, February 8th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Republic Services had a return on equity of 10.71% and a net margin of 12.73%. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the business earned $0.57 EPS. Republic Services’s quarterly revenue was up 7.6% compared to the same quarter last year. analysts predict that Republic Services, Inc. will post 3.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Thursday, March 29th. Republic Services’s dividend payout ratio is currently 36.41%.

Republic Services announced that its board has approved a share repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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About Republic Services

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

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

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