General American Investors Co. Inc. Has $92.17 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

General American Investors Co. Inc. lowered its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 3.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 380,625 shares of the business services provider's stock after selling 15,000 shares during the period. Republic Services makes up approximately 6.7% of General American Investors Co. Inc.'s holdings, making the stock its biggest position. General American Investors Co. Inc. owned approximately 0.12% of Republic Services worth $92,172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RSG. Norges Bank purchased a new stake in shares of Republic Services during the 4th quarter valued at about $553,039,000. GAMMA Investing LLC increased its holdings in Republic Services by 39,024.4% in the 1st quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider's stock worth $539,091,000 after acquiring an additional 2,220,487 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Republic Services in the 4th quarter worth approximately $184,827,000. Price T Rowe Associates Inc. MD increased its holdings in Republic Services by 10.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock worth $1,069,836,000 after acquiring an additional 499,237 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its holdings in Republic Services by 170.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 584,345 shares of the business services provider's stock worth $117,559,000 after acquiring an additional 368,395 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RSG shares. Scotiabank increased their target price on shares of Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. Truist Financial increased their target price on shares of Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. UBS Group increased their target price on shares of Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $266.00 price objective on shares of Republic Services in a report on Friday, April 25th. Finally, William Blair reaffirmed an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. Ten 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 MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $252.68.

Republic Services Price Performance

Shares of NYSE RSG traded down $3.35 during midday trading on Tuesday, reaching $239.13. 1,893,457 shares of the stock traded hands, compared to its average volume of 1,281,123. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $74.73 billion, a PE ratio of 36.07, a P/E/G ratio of 3.69 and a beta of 0.61. Republic Services, Inc. has a one year low of $188.82 and a one year high of $258.75. The company's 50 day moving average is $248.90 and its 200 day moving average is $234.00.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.05. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. Republic Services's revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $1.45 earnings per share. On average, equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a $0.58 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.97%. Republic Services's dividend payout ratio is presently 34.99%.

Republic Services Company 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.