EULAV Asset Management Has $80.79 Million Stake in Republic Services, Inc. (NYSE:RSG)

EULAV Asset Management reduced its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 14.6% in the 1st quarter, according to the company in 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 makes up 2.0% of EULAV Asset Management's investment portfolio, making the stock its 11th largest holding. EULAV Asset Management owned approximately 0.11% of Republic Services worth $80,794,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DnB Asset Management AS lifted its holdings in Republic Services by 65.1% in the 4th quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider's stock worth $14,672,000 after purchasing an additional 28,764 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Republic Services by 0.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider's stock worth $136,397,000 after purchasing an additional 4,110 shares during the last quarter. Uniting Wealth Partners LLC acquired a new stake in Republic Services in the 4th quarter worth approximately $266,000. Sowell Financial Services LLC acquired a new stake in Republic Services in the 1st quarter worth approximately $260,000. Finally, Heartland Bank & Trust Co lifted its holdings in Republic Services by 109.4% in the 1st quarter. Heartland Bank & Trust Co now owns 2,195 shares of the business services provider's stock worth $532,000 after purchasing an additional 1,147 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $241.14 on Monday. The business's fifty day moving average price is $248.98 and its two-hundred day moving average price is $233.73. Republic Services, Inc. has a fifty-two week low of $188.82 and a fifty-two week high of $258.75. The stock has a market capitalization of $75.36 billion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 3.69 and a beta of 0.61. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66.

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 analysts' consensus estimates 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 business's revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.45 earnings per share. As a group, analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Wednesday, July 2nd. Republic Services's dividend payout ratio is currently 34.99%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on RSG shares. Robert W. Baird boosted their target price on Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Truist Financial lifted their price target on Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. UBS Group lifted their price target on Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research report on Friday, April 25th. Finally, Citigroup lifted their price target on Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $252.68.

Republic Services 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.

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