C WorldWide Group Holding A S Makes New Investment in Republic Services, Inc. (NYSE:RSG)

C WorldWide Group Holding A S purchased a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 949,839 shares of the business services provider's stock, valued at approximately $230,013,000. Republic Services comprises 2.9% of C WorldWide Group Holding A S's investment portfolio, making the stock its 17th biggest holding. C WorldWide Group Holding A S owned about 0.30% of Republic Services as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in Republic Services by 0.4% during the 1st quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider's stock worth $2,415,000 after purchasing an additional 44 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of Republic Services by 0.5% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider's stock valued at $1,740,000 after acquiring an additional 46 shares in the last quarter. Elevation Point Wealth Partners LLC increased its stake in shares of Republic Services by 4.2% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider's stock valued at $279,000 after acquiring an additional 46 shares in the last quarter. FORA Capital LLC increased its stake in shares of Republic Services by 0.7% in the 4th quarter. FORA Capital LLC now owns 7,659 shares of the business services provider's stock valued at $1,541,000 after acquiring an additional 50 shares in the last quarter. Finally, Rothschild Investment LLC increased its stake in Republic Services by 9.3% during the 1st quarter. Rothschild Investment LLC now owns 599 shares of the business services provider's stock valued at $145,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 57.73% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on RSG. Wall Street Zen lowered shares of Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Melius began coverage on shares of Republic Services in a research note on Monday, June 9th. They set a "hold" rating for the company. JPMorgan Chase & Co. boosted their price target on shares of Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Oppenheimer lifted their price objective on shares of Republic Services from $262.00 to $268.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Finally, National Bank Financial raised shares of Republic Services to a "hold" rating in a report on Monday, May 26th. Ten 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $255.21.

Republic Services Stock Performance

NYSE RSG traded up $1.92 during trading on Friday, hitting $242.09. 180,710 shares of the company's stock traded hands, compared to its average volume of 1,154,606. The stock has a market capitalization of $75.65 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 3.65 and a beta of 0.61. Republic Services, Inc. has a 12-month low of $188.82 and a 12-month high of $258.75. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.66 and a current ratio of 0.66. The business has a 50 day moving average of $247.43 and a 200-day moving average of $235.67.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly 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 firm had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The company's revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 earnings per share. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd were given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) is 34.99%.

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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