Republic Services, Inc. (NYSE:RSG) Shares Purchased by Lbp Am Sa

LBP AM SA increased its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,723 shares of the business services provider's stock after purchasing an additional 9,244 shares during the quarter. LBP AM SA's holdings in Republic Services were worth $30,203,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RSG. Golden State Wealth Management LLC lifted 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 purchasing an additional 106 shares during the last quarter. New Age Alpha Advisors LLC lifted 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 purchasing an additional 73 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in Republic Services during the fourth quarter worth approximately $44,000. Generali Asset Management SPA SGR purchased a new stake in Republic Services during the fourth quarter worth approximately $45,000. Finally, Proathlete Wealth Management LLC purchased a new stake in Republic Services in the first quarter valued at approximately $76,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Price Performance

Shares of RSG stock traded up $1.15 during mid-day trading on Friday, reaching $241.24. The stock had a trading volume of 1,768,355 shares, compared to its average volume of 1,154,194. Republic Services, Inc. has a 12-month low of $188.82 and a 12-month high of $258.75. The company has a market cap of $75.39 billion, a P/E ratio of 36.39, a price-to-earnings-growth ratio of 3.69 and a beta of 0.61. The business has a 50-day simple moving average of $248.14 and a 200 day simple moving average of $234.81. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10.

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 business had revenue of $4.01 billion during 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 for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $1.45 earnings per share. On average, sell-side analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RSG shares. Citigroup increased their price objective on Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Melius Research upgraded Republic Services to a "hold" rating and set a $281.00 price target for the company in a research note on Monday, June 9th. JPMorgan Chase & Co. upped their price target on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. National Bank Financial upgraded Republic Services to a "hold" rating in a research note on Monday, May 26th. Finally, William Blair restated an "outperform" rating 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's stock. According to data from MarketBeat.com, Republic Services has an average rating of "Moderate Buy" and an average target price of $255.21.

About Republic Services

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.