Raiffeisen Bank International AG Purchases Shares of 2,300 Republic Services, Inc. (NYSE:RSG)

Raiffeisen Bank International AG acquired a new position in Republic Services, Inc. (NYSE:RSG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,300 shares of the business services provider's stock, valued at approximately $463,000.

Other large investors have also bought and sold shares of the company. Arcadia Investment Management Corp MI grew its stake in Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after purchasing an additional 88 shares during the period. R Squared Ltd purchased a new stake in shares of Republic Services in the 4th quarter worth about $32,000. New Age Alpha Advisors LLC increased its stake in shares of 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 in the last quarter. Generali Asset Management SPA SGR purchased a new position in Republic Services during the 4th quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust bought a new stake in Republic Services during the fourth quarter worth about $48,000. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Performance

Shares of NYSE RSG traded up $1.16 during midday trading on Friday, hitting $252.16. 231,600 shares of the company's stock traded hands, compared to its average volume of 1,121,791. The firm has a fifty day moving average of $242.55 and a 200 day moving average of $225.37. Republic Services, Inc. has a 1 year low of $180.92 and a 1 year high of $253.54. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The stock has a market capitalization of $78.80 billion, a price-to-earnings ratio of 38.90, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS 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 net margin of 12.74% and a return on equity of 18.28%. The firm's revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.45 earnings per share. On average, analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 0.92%. The ex-dividend date is Wednesday, July 2nd. Republic Services's dividend payout ratio is presently 34.99%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of Republic Services from $260.00 to $268.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Jefferies Financial Group lifted their price objective on Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Truist Financial increased their target price on Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Cibc World Mkts raised Republic Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley increased their price objective on shares of Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $250.44.

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.