Aviso Financial Inc. Has $3.93 Million Stock Position in Republic Services, Inc. $RSG

Key Points

• Aviso Financial Inc. increased its stake in Republic Services by 8.5%, holding 16,244 shares valued at approximately $3.93 million.
• Multiple institutional investors, including Vanguard and JPMorgan Chase, have also increased their positions in Republic Services, totaling 57.73% of the company's stock held by institutional investors.
• Republic Services announced a quarterly dividend increase to $0.625 per share, scheduled for payment on October 15th, representing an annualized dividend of $2.50.

Aviso Financial Inc. lifted its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 8.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,244 shares of the business services provider's stock after acquiring an additional 1,267 shares during the quarter. Aviso Financial Inc.'s holdings in Republic Services were worth $3,934,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Republic Services by 0.9% during the first quarter. Vanguard Group Inc. now owns 18,761,276 shares of the business services provider's stock worth $4,543,231,000 after buying an additional 170,548 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Republic Services by 10.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock worth $1,069,836,000 after buying an additional 499,237 shares during the last quarter. JPMorgan Chase & Co. increased its position in Republic Services by 4.3% during the first quarter. JPMorgan Chase & Co. now owns 2,872,235 shares of the business services provider's stock worth $695,541,000 after buying an additional 119,158 shares during the last quarter. Northern Trust Corp increased its position in Republic Services by 13.1% during the fourth quarter. Northern Trust Corp now owns 2,426,215 shares of the business services provider's stock worth $488,106,000 after buying an additional 280,542 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Republic Services by 39,024.4% during the first quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider's stock worth $539,091,000 after buying an additional 2,220,487 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RSG shares. Wall Street Zen cut Republic Services from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. William Blair restated an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. Morgan Stanley boosted their price objective on Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Melius Research upgraded Republic Services to a "hold" rating and set a $281.00 price objective for the company in a report on Monday, June 9th. Finally, Scotiabank boosted their price objective on Republic Services from $250.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday, July 18th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Republic Services has an average rating of "Moderate Buy" and a consensus target price of $262.17.

Republic Services Stock Performance

NYSE RSG opened at $232.88 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. The stock has a fifty day simple moving average of $241.62 and a 200 day simple moving average of $240.15. Republic Services, Inc. has a twelve month low of $197.60 and a twelve month high of $258.75. The company has a market capitalization of $72.71 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 3.63 and a beta of 0.60.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.01. Republic Services had a return on equity of 18.27% and a net margin of 12.97%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same period last year, the business posted $1.61 EPS. The business's revenue was up 4.6% compared to the same quarter last year. Sell-side analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.625 per share. This is a boost from Republic Services's previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services's payout ratio is currently 34.32%.

About Republic Services

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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