Czech National Bank Has $11.29 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Czech National Bank increased its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,622 shares of the business services provider's stock after acquiring an additional 2,488 shares during the quarter. Czech National Bank's holdings in Republic Services were worth $11,290,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Versant Capital Management Inc raised its stake in shares of Republic Services by 0.4% in the 1st quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider's stock valued at $2,415,000 after acquiring an additional 44 shares in the last quarter. Silvercrest Asset Management Group LLC grew its holdings in Republic Services by 0.5% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider's stock valued at $1,740,000 after purchasing an additional 46 shares during the last quarter. FORA Capital LLC raised its position in shares of Republic Services by 0.7% in the fourth quarter. FORA Capital LLC now owns 7,659 shares of the business services provider's stock valued at $1,541,000 after purchasing an additional 50 shares during the period. Rothschild Investment LLC lifted its stake in shares of Republic Services by 9.3% in the first quarter. Rothschild Investment LLC now owns 599 shares of the business services provider's stock worth $145,000 after buying an additional 51 shares during the last quarter. Finally, Tower Wealth Partners Inc. grew its stake in Republic Services by 3.3% in the 4th quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider's stock valued at $341,000 after buying an additional 54 shares during the last quarter. Institutional investors own 57.73% of the company's stock.

Republic Services Trading Down 0.5%

RSG stock traded down $1.30 during midday trading on Tuesday, reaching $256.77. The stock had a trading volume of 1,293,992 shares, compared to its average volume of 1,135,207. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a twelve month low of $183.81 and a twelve month high of $260.72. The firm has a market cap of $80.24 billion, a price-to-earnings ratio of 39.56, a PEG ratio of 3.64 and a beta of 0.66. The business has a fifty day simple moving average of $245.28 and a two-hundred day simple moving average of $227.82.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results 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 net margin of 12.74% and a return on equity of 18.28%. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the business posted $1.45 earnings per share. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's payout ratio is presently 34.99%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RSG. Scotiabank boosted their target price on shares of Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 8th. CIBC raised Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective for the company in a research report on Tuesday, March 4th. Wall Street Zen lowered Republic Services from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. UBS Group upped their price target on Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $266.00 price objective on shares of Republic Services in a research note on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Republic Services currently has a consensus 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.