Border to Coast Pensions Partnership Ltd Sells 18,052 Shares of Republic Services, Inc. (NYSE:RSG)

Border to Coast Pensions Partnership Ltd trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 11.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,592 shares of the business services provider's stock after selling 18,052 shares during the quarter. Border to Coast Pensions Partnership Ltd's holdings in Republic Services were worth $34,530,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC lifted its stake in shares of Republic Services by 70.2% in the 4th 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 last quarter. Park Square Financial Group LLC purchased a new stake in Republic Services during the 4th quarter valued at $44,000. Generali Asset Management SPA SGR bought a new stake in Republic Services in the fourth quarter worth $45,000. Proathlete Wealth Management LLC purchased a new position in Republic Services during the first quarter worth $76,000. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Republic Services in the first quarter valued at $77,000. Institutional investors own 57.73% of the company's stock.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $245.03 on Friday. 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 capitalization of $76.57 billion, a price-to-earnings ratio of 36.96, a price-to-earnings-growth ratio of 3.74 and a beta of 0.63. The firm has a 50 day moving average of $248.88 and a 200 day moving average of $231.94. 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 issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The firm had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same period in the prior year, the business posted $1.45 EPS. The firm's quarterly revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Wednesday, July 2nd. Republic Services's payout ratio is presently 34.99%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RSG shares. William Blair reiterated an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. Raymond James Financial restated an "outperform" rating on shares of Republic Services in a research report on Wednesday, April 16th. Seaport Res Ptn upgraded Republic Services to a "strong-buy" rating in a report on Tuesday, May 6th. Morgan Stanley raised their price target 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. Finally, Scotiabank upped their price objective on Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 8th. Ten investment 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 stock. According to data from MarketBeat.com, Republic Services presently has an average rating of "Moderate Buy" and a consensus target price of $252.68.

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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