Tucker Asset Management LLC Has $220,000 Stake in Republic Services, Inc. (NYSE:RSG)

Tucker Asset Management LLC cut its position in shares of Republic Services, Inc. (NYSE:RSG) by 20.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,094 shares of the business services provider’s stock after selling 281 shares during the period. Tucker Asset Management LLC’s holdings in Republic Services were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Intrust Bank NA increased its stake in Republic Services by 2.3% in the fourth quarter. Intrust Bank NA now owns 9,508 shares of the business services provider’s stock valued at $1,913,000 after acquiring an additional 211 shares during the period. Allstate Corp acquired a new stake in Republic Services in the 4th quarter valued at $1,331,000. Brown Brothers Harriman & Co. grew its holdings in shares of Republic Services by 9.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 5,719 shares of the business services provider’s stock worth $1,151,000 after purchasing an additional 486 shares during the last quarter. DnB Asset Management AS increased its holdings in shares of Republic Services by 65.1% during the fourth quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider’s stock worth $14,672,000 after buying an additional 28,764 shares in the last quarter. Finally, Level Four Advisory Services LLC increased its holdings in Republic Services by 0.7% during the 4th quarter. Level Four Advisory Services LLC now owns 31,611 shares of the business services provider’s stock valued at $6,360,000 after purchasing an additional 228 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Republic Services Trading Down 0.6 %

RSG opened at $238.37 on Friday. The firm’s fifty day simple moving average is $227.72 and its 200 day simple moving average is $213.75. The stock has a market capitalization of $74.44 billion, a P/E ratio of 36.73, a P/E/G ratio of 3.64 and a beta of 0.73. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12 month low of $180.92 and a 12 month high of $241.09.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the firm earned $1.41 EPS. As a group, research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.97%. Republic Services’s dividend payout ratio is 35.75%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. The Goldman Sachs Group increased their target price on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. UBS Group boosted their target price on shares of Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. CIBC raised shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price target on the stock in a research note on Tuesday, March 4th. Morgan Stanley boosted their price objective on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus increased their price objective on Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Republic Services 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.