Banque Cantonale Vaudoise Invests $1.07 Million in Republic Services, Inc. (NYSE:RSG)

Key Points

• Banque Cantonale Vaudoise has invested $1.07 million in Republic Services by acquiring 4,403 shares in the first quarter.
• Republic Services announced an increase in its quarterly dividend to $0.625 per share, reflecting a 1.1% yield and a positive change from the previous quarter's $0.58 dividend.
• The company reported earnings of $1.77 per share for the last quarter, slightly exceeding analysts' estimates, despite a revenue of $4.24 billion that fell short of expectations.

Banque Cantonale Vaudoise acquired a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,403 shares of the business services provider's stock, valued at approximately $1,067,000.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake in shares of Republic Services by 3,533.3% during the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock worth $26,000 after acquiring an additional 106 shares in the last quarter. Key Financial Inc boosted its position in Republic Services by 380.8% during the first quarter. Key Financial Inc now owns 125 shares of the business services provider's stock worth $30,000 after purchasing an additional 99 shares during the period. TCTC Holdings LLC grew its holdings in Republic Services by 113.8% during the first quarter. TCTC Holdings LLC now owns 124 shares of the business services provider's stock valued at $30,000 after purchasing an additional 66 shares during the last quarter. New Age Alpha Advisors LLC raised its position in shares of Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after purchasing an additional 73 shares during the period. Finally, Park Square Financial Group LLC bought a new stake in shares of Republic Services during the 4th quarter worth $44,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $230.75 on Friday. The stock has a market capitalization of $72.11 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 3.54 and a beta of 0.61. The business's fifty day moving average price is $246.25 and its two-hundred day moving average price is $238.22. Republic Services, Inc. has a fifty-two week low of $192.64 and a fifty-two week high of $258.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66.

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

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. This is a positive change from Republic Services's previous quarterly dividend of $0.58. Republic Services's payout ratio is 34.99%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Melius Research raised shares of Republic Services to a "hold" rating and set a $281.00 target price for the company in a research report on Monday, June 9th. Melius initiated coverage on Republic Services in a research report on Monday, June 9th. They set a "hold" rating for the company. JPMorgan Chase & Co. raised their target price on Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. National Bank Financial upgraded Republic Services to a "hold" rating in a report on Monday, May 26th. Finally, Scotiabank raised their price objective on shares of Republic Services from $250.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, July 18th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Republic Services presently has an average rating of "Moderate Buy" and a consensus price target of $258.89.

Republic Services Company Profile

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.

Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.