Polar Asset Management Partners Inc. raised its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 194.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,300 shares of the business services provider's stock after buying an additional 15,400 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Republic Services were worth $4,687,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in RSG. Mirae Asset Global Investments Co. Ltd. raised its position in Republic Services by 37.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider's stock valued at $3,586,000 after purchasing an additional 4,827 shares in the last quarter. DnB Asset Management AS increased its stake in shares of Republic Services by 65.1% in the 4th quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider's stock valued at $14,672,000 after purchasing an additional 28,764 shares during the last quarter. Hickory Point Bank & Trust bought a new stake in shares of Republic Services during the 4th quarter worth $790,000. Uniting Wealth Partners LLC acquired a new stake in Republic Services in the fourth quarter valued at about $266,000. Finally, EULAV Asset Management grew its position in Republic Services by 41.7% in the fourth quarter. EULAV Asset Management now owns 390,458 shares of the business services provider's stock valued at $78,552,000 after acquiring an additional 115,000 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
RSG has been the topic of a number of research analyst reports. Raymond James restated an "outperform" rating on shares of Republic Services in a research note on Wednesday, April 16th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $266.00 target price on shares of Republic Services in a research note on Friday, April 25th. National Bank Financial upgraded Republic Services to a "hold" rating in a research note on Monday. Citigroup upped their target price on Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Cibc World Mkts raised Republic Services from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.44.
Check Out Our Latest Report on RSG
Republic Services Stock Up 1.2%
Shares of RSG stock traded up $3.17 on Friday, reaching $257.61. 2,679,812 shares of the company were exchanged, compared to its average volume of 1,138,666. The company has a 50-day moving average of $244.48 and a 200-day moving average of $226.95. Republic Services, Inc. has a one year low of $180.92 and a one year high of $257.84. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The company has a market cap of $80.50 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 3.64 and a beta of 0.66.
Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. The firm 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 12.74%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.45 earnings per share. Analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.
Republic Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.90%. Republic Services's dividend payout ratio (DPR) is presently 34.99%.
About Republic Services
(
Free Report)
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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