Avanza Fonder AB trimmed its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 13.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,022 shares of the business services provider's stock after selling 3,000 shares during the quarter. Avanza Fonder AB's holdings in Republic Services were worth $4,657,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider's stock worth $3,988,000 after purchasing an additional 8,547 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Republic Services during the fourth quarter valued at $30,676,000. Empowered Funds LLC raised its holdings in shares of Republic Services by 9.2% in the fourth quarter. Empowered Funds LLC now owns 16,571 shares of the business services provider's stock valued at $3,324,000 after acquiring an additional 1,399 shares in the last quarter. Savant Capital LLC lifted its stake in Republic Services by 8.6% in the fourth quarter. Savant Capital LLC now owns 32,109 shares of the business services provider's stock worth $6,460,000 after acquiring an additional 2,533 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new position in Republic Services during the 4th quarter worth about $80,000. Hedge funds and other institutional investors own 57.73% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on RSG shares. Citigroup boosted their price objective on shares of Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Morgan Stanley upped their price objective on Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. Melius Research raised shares of Republic Services to a "hold" rating and set a $281.00 price target for the company in a research report on Monday. The Goldman Sachs Group lifted their price objective on shares of Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, Melius assumed coverage on shares of Republic Services in a research note on Monday. They issued a "hold" rating for the company. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Republic Services currently has a consensus rating of "Moderate Buy" and an average target price of $252.68.
Check Out Our Latest Stock Report on Republic Services
Republic Services Trading Up 0.7%
RSG stock traded up $1.64 during trading on Thursday, reaching $249.88. 324,297 shares of the stock were exchanged, compared to its average volume of 1,138,761. Republic Services, Inc. has a 1 year low of $185.07 and a 1 year high of $258.75. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $78.09 billion, a price-to-earnings ratio of 38.50, a P/E/G ratio of 3.64 and a beta of 0.63. The business has a 50 day moving average price of $246.67 and a 200-day moving average price of $229.50.
Republic Services (NYSE:RSG - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.05. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. Republic Services's revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 EPS. On average, research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.
Republic Services Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a $0.58 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.93%. Republic Services's dividend payout ratio is currently 34.99%.
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.
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