Marshall Wace LLP Has $15.82 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Marshall Wace LLP boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 225.8% in the fourth quarter, Holdings Channel reports. The firm owned 78,624 shares of the business services provider’s stock after purchasing an additional 54,490 shares during the period. Marshall Wace LLP’s holdings in Republic Services were worth $15,818,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Arcadia Investment Management Corp MI grew its position in shares of 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 acquired a new position in shares of Republic Services in the fourth quarter valued at approximately $32,000. New Age Alpha Advisors LLC increased its position in shares of 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 acquiring an additional 73 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in Republic Services in the 4th quarter valued at $45,000. Finally, Bank of Jackson Hole Trust acquired a new position in Republic Services in the 4th quarter worth $48,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. CIBC upgraded Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price target on the stock in a report on Tuesday, March 4th. Raymond James reaffirmed an “outperform” rating on shares of Republic Services in a research report on Wednesday. Morgan Stanley lifted their price objective on shares of Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Jefferies Financial Group increased their target price on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Five 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $239.13.

Insider Buying and Selling at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now owns 10,416 shares in the company, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

Republic Services Stock Down 0.2 %

Shares of RSG opened at $243.11 on Monday. The firm’s 50-day simple moving average is $235.49 and its 200 day simple moving average is $218.29. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The firm has a market cap of $75.92 billion, a P/E ratio of 37.46, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62. Republic Services, Inc. has a 52 week low of $180.92 and a 52 week high of $249.73.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping 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 company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the company earned $1.41 earnings per share. On average, analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

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

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.