Catalina Capital Group LLC Sells 1,117 Shares of Republic Services, Inc. (NYSE:RSG)

Catalina Capital Group LLC lessened its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 24.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,396 shares of the business services provider's stock after selling 1,117 shares during the period. Catalina Capital Group LLC's holdings in Republic Services were worth $822,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Republic Services by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock valued at $3,740,083,000 after purchasing an additional 144,719 shares during the period. Pictet Asset Management Holding SA increased its holdings in Republic Services by 3.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock valued at $1,259,855,000 after purchasing an additional 218,729 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Republic Services by 10.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock valued at $1,069,836,000 after purchasing an additional 499,237 shares during the period. Geode Capital Management LLC increased its holdings in Republic Services by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,565,137 shares of the business services provider's stock valued at $918,045,000 after purchasing an additional 57,616 shares during the period. Finally, Norges Bank purchased a new position in shares of Republic Services during the 4th quarter worth approximately $553,039,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RSG. CIBC upgraded Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 target price on the stock in a report on Tuesday, March 4th. BMO Capital Markets reiterated an "outperform" rating and set a $280.00 target price (up previously from $268.00) on shares of Republic Services in a report on Monday, June 9th. Scotiabank upped their target price on Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. Melius began coverage on Republic Services in a report on Monday, June 9th. They set a "hold" rating on the stock. Finally, William Blair reiterated an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given 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.

Republic Services Stock Performance

RSG stock opened at $248.13 on Thursday. The stock has a market capitalization of $77.54 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 3.81 and a beta of 0.63. Republic Services, Inc. has a 12-month low of $188.82 and a 12-month high of $258.75. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10. The stock's 50 day simple moving average is $248.37 and its 200 day simple moving average is $230.58.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.05. The business 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 firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 EPS. As a group, research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.93%. Republic Services's payout ratio 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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