111 Capital purchased a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,366 shares of the business services provider's stock, valued at approximately $677,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC grew its position in shares of Republic Services by 11.0% during the third quarter. Barclays PLC now owns 675,163 shares of the business services provider's stock worth $135,598,000 after buying an additional 66,842 shares in the last quarter. Brighton Jones LLC grew its position in shares of Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider's stock worth $3,988,000 after buying an additional 8,547 shares in the last quarter. PFG Investments LLC grew its position in shares of Republic Services by 4.2% during the fourth quarter. PFG Investments LLC now owns 3,730 shares of the business services provider's stock worth $750,000 after buying an additional 152 shares in the last quarter. Blue Trust Inc. grew its position in shares of Republic Services by 19.1% during the fourth quarter. Blue Trust Inc. now owns 5,575 shares of the business services provider's stock worth $1,120,000 after buying an additional 896 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Republic Services during the fourth quarter worth about $30,676,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.
Republic Services Stock Performance
Shares of RSG stock traded up $3.17 during trading hours on Friday, hitting $257.61. The stock had a trading volume of 2,680,727 shares, compared to its average volume of 1,133,342. The firm has a market capitalization of $80.50 billion, a PE ratio of 39.69, a PEG ratio of 3.64 and a beta of 0.66. Republic Services, Inc. has a twelve month low of $183.81 and a twelve month high of $257.93. The stock's 50 day moving average is $244.87 and its 200 day moving average is $227.35. 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 (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the company earned $1.45 earnings per share. The company's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.
Republic Services Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Wednesday, July 2nd. Republic Services's dividend payout ratio is presently 34.99%.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $266.00 price target on shares of Republic Services in a research note on Friday, April 25th. National Bank Financial upgraded shares of Republic Services to a "hold" rating in a research note on Monday, May 26th. Seaport Res Ptn upgraded shares of Republic Services to a "strong-buy" rating in a research note on Tuesday, May 6th. BMO Capital Markets increased their price target on shares of Republic Services from $260.00 to $268.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Finally, Wall Street Zen lowered shares of Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $250.44.
View Our Latest Analysis on RSG
About Republic Services
(
Free Report)
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.
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