Envestnet Asset Management Inc., a leading institutional investor, has been actively managing its stock holdings in various companies. In the fourth quarter, the company reduced its position in Republic Services, Inc. (NYSE:RSG) by 15.5%, according to its recent filing with the Securities and Exchange Commission. Envestnet Asset Management Inc. sold 140,038 shares of Republic Services, bringing its total ownership to 760,615 shares. [7036a8fc]
Price T Rowe Associates Inc. MD also sold 74,663 shares of Republic Services, Inc. (NYSE:RSG) in the fourth quarter, according to its 13F filing with the Securities and Exchange Commission. The firm owned 861,947 shares of the company's stock after selling the shares. Republic Services has a market cap of $59.41 billion and a PE ratio of 32.88. The stock has a 50-day moving average price of $187.83 and a 200-day moving average price of $178.74. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.10. Republic Services is expected to post 6.05 EPS for the current fiscal year. The company also declared a quarterly dividend of $0.535 per share, with a dividend yield of 1.13%. Insider activity includes CMO Amanda Hodges selling 6,500 shares of the company's stock and Director Katharine Weymouth buying 540 shares. Analysts have given Republic Services a consensus rating of 'Moderate Buy' with a price target of $201.14. [7036a8fc]
Price T Rowe Associates Inc. MD has also reduced its position in CoStar Group, Inc. (NASDAQ:CSGP) by 1.3% in the fourth quarter, selling 20,078 shares and leaving it with 1,568,900 shares worth $137,108,000. Other large investors have also made changes to their positions in the company. CoStar Group stock traded at $73.93 on Friday, with a market capitalization of $30.19 billion. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.05. Several research firms have recently commented on CSGP, with four analysts rating the stock as a hold and twelve rating it as a buy. The consensus target price for the stock is $102.46. [428966fe]