Aurora Private Wealth Inc. acquired a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,228 shares of the business services provider's stock, valued at approximately $4,172,000.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Republic Services by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock worth $3,740,083,000 after purchasing an additional 144,719 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Republic Services by 3.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock valued at $1,259,855,000 after buying an additional 218,729 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Republic Services by 10.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock valued at $1,069,836,000 after buying an additional 499,237 shares in the last quarter. Geode Capital Management LLC raised its position in Republic Services by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,565,137 shares of the business services provider's stock worth $918,045,000 after acquiring an additional 57,616 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Republic Services during the 4th quarter worth $553,039,000. Hedge funds and other institutional investors own 57.73% of the company's stock.
Republic Services Price Performance
RSG opened at $250.75 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. The company has a market cap of $78.36 billion, a P/E ratio of 37.82, a P/E/G ratio of 3.84 and a beta of 0.63. The company has a 50 day moving average of $248.83 and a two-hundred day moving average of $231.62. Republic Services, Inc. has a 52-week low of $188.82 and a 52-week high of $258.75.
Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.53 by $0.05. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. Republic Services's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 EPS. On average, analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.
Republic Services Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Wednesday, July 2nd. Republic Services's payout ratio is 34.99%.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on RSG. National Bank Financial upgraded shares of Republic Services to a "hold" rating in a research report on Monday, May 26th. Seaport Res Ptn raised Republic Services to a "strong-buy" rating in a research note on Tuesday, May 6th. Robert W. Baird lifted their price objective on Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. CIBC raised Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price target for the company in a research note on Tuesday, March 4th. Finally, UBS Group increased their price objective on shares of Republic Services from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $252.68.
View Our Latest Stock Report on Republic Services
Republic Services Profile
(
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.
Further Reading
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