Impax Asset Management Group plc Trims Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Impax Asset Management Group plc lowered its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 16.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 719,397 shares of the business services provider's stock after selling 137,653 shares during the period. Republic Services accounts for about 1.0% of Impax Asset Management Group plc's investment portfolio, making the stock its 29th largest position. Impax Asset Management Group plc owned about 0.23% of Republic Services worth $174,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its position in 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 purchasing an additional 106 shares during the last quarter. New Age Alpha Advisors LLC lifted its stake in 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 acquiring an additional 73 shares during the period. Park Square Financial Group LLC purchased a new stake in Republic Services in the fourth quarter worth about $44,000. Generali Asset Management SPA SGR purchased a new stake in shares of Republic Services during the fourth quarter valued at about $45,000. Finally, Proathlete Wealth Management LLC purchased a new stake in shares of Republic Services during the first quarter valued at about $76,000. Institutional investors own 57.73% of the company's stock.

Republic Services Trading Down 1.4%

NYSE RSG traded down $3.35 during trading on Tuesday, hitting $239.13. The stock had a trading volume of 1,893,460 shares, compared to its average volume of 1,144,740. The company has a market capitalization of $74.73 billion, a PE ratio of 36.07, a PEG ratio of 3.72 and a beta of 0.61. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. The firm has a 50 day moving average price of $248.73 and a 200 day moving average price of $234.04. Republic Services, Inc. has a twelve month low of $188.82 and a twelve 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, topping analysts' consensus estimates of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the company posted $1.45 earnings per share. The business's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

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

Analysts Set New Price Targets

RSG has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective 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. BMO Capital Markets reissued an "outperform" rating and issued a $280.00 price target (up previously from $268.00) on shares of Republic Services in a research note on Monday, June 9th. Scotiabank lifted their price target on shares of Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 8th. Wall Street Zen cut shares of Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, National Bank Financial raised shares of Republic Services to a "hold" rating in a research note on Monday, May 26th. 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 company's stock. Based on data from MarketBeat.com, Republic Services presently has an average rating of "Moderate Buy" and an average price target 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.