KBC Group NV Sells 41,321 Shares of Republic Services, Inc. (NYSE:RSG)

KBC Group NV reduced its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 19.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 169,938 shares of the business services provider's stock after selling 41,321 shares during the quarter. KBC Group NV owned 0.05% of Republic Services worth $41,152,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its stake in Republic Services by 3,533.3% in the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock worth $26,000 after acquiring an additional 106 shares during the last quarter. New Age Alpha Advisors LLC increased its stake in Republic Services by 70.2% in the 4th 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 last quarter. Park Square Financial Group LLC bought a new position in Republic Services in the 4th quarter worth about $44,000. Generali Asset Management SPA SGR purchased a new position in shares of Republic Services in the 4th quarter worth about $45,000. Finally, Proathlete Wealth Management LLC purchased a new position in shares of Republic Services in the 1st quarter worth about $76,000. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of research reports. Raymond James Financial reiterated an "outperform" rating on shares of Republic Services in a report on Wednesday, April 16th. JPMorgan Chase & Co. upped their price objective on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. BMO Capital Markets reiterated an "outperform" rating and issued a $280.00 price objective (up from $268.00) on shares of Republic Services in a report on Monday, June 9th. Truist Financial upped their price objective on Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Finally, UBS Group upped their price objective on Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Ten equities research 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $252.68.

Republic Services Trading Down 0.2%

NYSE RSG opened at $244.27 on Monday. Republic Services, Inc. has a fifty-two week low of $188.82 and a fifty-two week high of $258.75. 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 stock has a 50 day simple moving average of $248.90 and a two-hundred day simple moving average of $232.47. The stock has a market cap of $76.34 billion, a P/E ratio of 36.84, a price-to-earnings-growth ratio of 3.74 and a beta of 0.63.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $4.08 billion. During the same quarter last year, the business posted $1.45 EPS. The business's revenue was up 3.8% on a year-over-year basis. On average, analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Wednesday, July 2nd. Republic Services's dividend payout ratio is currently 34.99%.

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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