EULAV Asset Management reduced its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 14.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 333,638 shares of the business services provider's stock after selling 56,820 shares during the quarter. Republic Services accounts for approximately 2.0% of EULAV Asset Management's portfolio, making the stock its 11th largest holding. EULAV Asset Management owned 0.11% of Republic Services worth $80,794,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in RSG. Golden State Wealth Management LLC lifted its holdings in shares of Republic Services by 3,533.3% in the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock worth $26,000 after buying an additional 106 shares in the last quarter. New Age Alpha Advisors LLC lifted its holdings 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 worth $36,000 after buying an additional 73 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Republic Services in the fourth quarter worth about $44,000. Generali Asset Management SPA SGR purchased a new stake in shares of Republic Services in the fourth quarter worth about $45,000. Finally, Proathlete Wealth Management LLC purchased a new stake in shares of Republic Services in the first quarter worth about $76,000. 57.73% of the stock is owned by hedge funds and other institutional investors.
Republic Services Trading Down 0.2%
RSG stock traded down $0.52 on Thursday, reaching $239.99. The company's stock had a trading volume of 1,561,192 shares, compared to its average volume of 1,149,628. 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 firm has a market cap of $75.00 billion, a PE ratio of 36.20, a PEG ratio of 3.67 and a beta of 0.61. The business has a fifty day simple moving average of $248.52 and a two-hundred day simple moving average of $234.08. Republic Services, Inc. has a 12-month low of $188.82 and a 12-month high of $258.75.
Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates 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 for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 earnings per share. As a group, research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.
Republic Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend payout ratio is currently 34.99%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. Melius Research upgraded shares of Republic Services to a "hold" rating and set a $281.00 price objective on the stock in a research report on Monday, June 9th. Oppenheimer increased their price target on shares of Republic Services from $262.00 to $268.00 and gave the company an "outperform" rating in a research report on Wednesday. Truist Financial increased their price target on shares of Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Seaport Res Ptn upgraded shares of Republic Services to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $255.21.
Read Our Latest Report on Republic Services
About Republic Services
(
Free Report)
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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