CANADA LIFE ASSURANCE Co Has $32.98 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

CANADA LIFE ASSURANCE Co lowered its position in shares of Republic Services, Inc. (NYSE:RSG) by 11.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 163,994 shares of the business services provider’s stock after selling 22,090 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Republic Services were worth $32,980,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of RSG. Arcadia Investment Management Corp MI boosted its holdings in Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 88 shares during the period. R Squared Ltd bought a new stake in shares of Republic Services in the fourth quarter valued at approximately $32,000. New Age Alpha Advisors LLC grew its position in Republic Services by 70.2% during the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock worth $36,000 after buying an additional 73 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in Republic Services in the 4th quarter valued at $45,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Republic Services during the 4th quarter valued at $48,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Republic Services Stock Down 0.2 %

Shares of NYSE RSG opened at $243.11 on Friday. The company has a 50 day simple moving average of $235.49 and a 200 day simple moving average of $218.06. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. Republic Services, Inc. has a 1 year low of $180.92 and a 1 year high of $249.73. The firm has a market cap of $75.92 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62.

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

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd were paid a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.95%. Republic Services’s payout ratio is 35.75%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RSG shares. CIBC raised Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price target for the company in a research note on Tuesday, March 4th. Cibc World Mkts raised shares of Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Jefferies Financial Group boosted their price objective on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Argus set a $260.00 target price on Republic Services in a report on Tuesday, February 18th. Finally, Raymond James reissued an “outperform” rating on shares of Republic Services in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $239.13.

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.