Impax Asset Management Group plc Sells 137,653 Shares of Republic Services, Inc. (NYSE:RSG)

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its stake in Republic Services by 3,533.3% during 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 during the last quarter. New Age Alpha Advisors LLC grew its stake in Republic Services by 70.2% during 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 during the last quarter. Park Square Financial Group LLC bought a new stake in Republic Services during the fourth quarter worth about $44,000. Generali Asset Management SPA SGR bought a new stake in Republic Services during the fourth quarter worth about $45,000. Finally, Proathlete Wealth Management LLC bought a new stake in Republic Services during the first quarter worth about $76,000. Institutional investors own 57.73% of the company's stock.

Republic Services Trading Up 1.5%

Shares of NYSE RSG opened at $241.14 on Friday. The company's 50 day simple moving average is $248.98 and its 200 day simple moving average is $233.32. Republic Services, Inc. has a fifty-two week low of $188.82 and a fifty-two week high of $258.75. The firm has a market capitalization of $75.36 billion, a P/E ratio of 36.37, a P/E/G 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 data on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.05. Republic Services had a net margin of 12.88% and a return on equity of 18.28%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the business posted $1.45 earnings per share. Republic Services's revenue was up 3.8% compared to the same quarter last year. On average, analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a yield of 0.96%. Republic Services's dividend payout ratio is currently 34.99%.

Wall Street Analysts Forecast Growth

RSG has been the topic of several research analyst reports. Robert W. Baird upped their price objective on shares of Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Scotiabank upped their price objective on shares of Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 8th. Raymond James Financial reissued an "outperform" rating on shares of Republic Services in a research note on Wednesday, April 16th. 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, Royal Bank Of Canada reissued an "outperform" rating and set a $266.00 price target on shares of Republic Services in a research note on Friday, April 25th. Ten equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $252.68.

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.

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