Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $6.21 Million Position in Republic Services, Inc. $RSG

Fideuram Intesa Sanpaolo Private Banking S.P.A. lessened its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 12.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 28,378 shares of the business services provider’s stock after selling 4,151 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Republic Services were worth $6,215,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSG. Wealth Watch Advisors INC acquired a new position in shares of Republic Services during the third quarter worth approximately $26,000. Laurel Wealth Advisors LLC bought a new position in Republic Services in the 4th quarter worth approximately $25,000. Ameriflex Group Inc. bought a new position in Republic Services in the 3rd quarter worth approximately $29,000. Prosperity Bancshares Inc acquired a new position in Republic Services during the 4th quarter worth $30,000. Finally, Sound Income Strategies LLC bought a new position in Republic Services in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

Republic Services stock opened at $217.27 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $66.85 billion, a P/E ratio of 31.17, a PEG ratio of 3.53 and a beta of 0.40. The business has a 50-day moving average of $207.83 and a 200-day moving average of $214.21. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $246.25.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.10 billion. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. Republic Services’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.58 EPS. On average, equities analysts anticipate that Republic Services, Inc. will post 7.28 EPS for the current year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, July 2nd. Republic Services’s dividend payout ratio (DPR) is currently 36.15%.

Insiders Place Their Bets

In other news, Director Sandra M. Volpe sold 1,800 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the sale, the director owned 58 shares of the company’s stock, valued at $12,254.24. This trade represents a 96.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were acquired at an average price of $213.31 per share, for a total transaction of $12,947,917.00. Following the acquisition, the insider directly owned 110,803,982 shares in the company, valued at $23,635,597,400.42. This represents a 0.05% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 987,150 shares of company stock valued at $202,366,682. 0.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of recent research reports. Citigroup dropped their target price on Republic Services from $253.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. UBS Group dropped their price objective on Republic Services from $240.00 to $223.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Robert W. Baird cut their target price on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. Finally, Weiss Ratings lowered shares of Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.26.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.