QS Investors LLC raised its holdings in Republic Services, Inc. (NYSE:RSG) by 13.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,052 shares of the business services provider’s stock after acquiring an additional 10,407 shares during the period. QS Investors LLC’s holdings in Republic Services were worth $6,021,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. Advisor Partners LLC raised its holdings in shares of Republic Services by 10.2% in the 4th quarter. Advisor Partners LLC now owns 8,235 shares of the business services provider’s stock valued at $562,000 after acquiring an additional 760 shares in the last quarter. Raymond James Trust N.A. raised its holdings in shares of Republic Services by 18.7% in the 4th quarter. Raymond James Trust N.A. now owns 5,336 shares of the business services provider’s stock valued at $361,000 after acquiring an additional 842 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of Republic Services by 2.3% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 37,689 shares of the business services provider’s stock valued at $2,548,000 after acquiring an additional 852 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Republic Services by 3.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 24,071 shares of the business services provider’s stock valued at $1,590,000 after acquiring an additional 854 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its holdings in shares of Republic Services by 6.2% in the 4th quarter. Johnson Financial Group Inc. now owns 15,365 shares of the business services provider’s stock valued at $1,039,000 after acquiring an additional 897 shares in the last quarter. 61.11% of the stock is currently owned by hedge funds and other institutional investors.
Republic Services, Inc. (RSG) opened at $69.00 on Wednesday. The firm has a market capitalization of $22,804.05, a PE ratio of 18.21, a P/E/G ratio of 2.18 and a beta of 0.55. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.94. Republic Services, Inc. has a 1-year low of $60.26 and a 1-year high of $69.40.
Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.04. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Republic Services had a return on equity of 10.61% and a net margin of 12.73%. Republic Services’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. research analysts anticipate that Republic Services, Inc. will post 3.08 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a dividend of $0.345 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.00%. Republic Services’s dividend payout ratio is 36.41%.
In related news, Director Ramon A. Rodriguez sold 8,118 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $66.62, for a total transaction of $540,821.16. Following the transaction, the director now directly owns 4,118 shares of the company’s stock, valued at approximately $274,341.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Brian A. Goebel sold 2,000 shares of the firm’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $67.57, for a total value of $135,140.00. Following the transaction, the chief accounting officer now directly owns 6,696 shares in the company, valued at $452,448.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,128 shares of company stock worth $1,553,897. 0.40% of the stock is currently owned by insiders.
Several analysts have weighed in on RSG shares. Zacks Investment Research cut Republic Services from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Bank of America raised their price target on Republic Services from $70.00 to $73.00 and gave the company a “buy” rating in a report on Monday, February 5th. Stifel Nicolaus raised Republic Services from a “hold” rating to a “buy” rating and raised their price target for the company from $70.00 to $73.00 in a report on Thursday, January 4th. Credit Suisse Group lowered their price target on Republic Services from $67.00 to $64.00 and set a “neutral” rating on the stock in a report on Monday, February 12th. Finally, BMO Capital Markets lowered their price target on Republic Services from $74.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $68.57.
Republic Services Profile
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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