Republic Services, Inc. (NYSE:RSG) Shares Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. lifted its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 19.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 130,196 shares of the business services provider's stock after purchasing an additional 20,965 shares during the quarter. Achmea Investment Management B.V.'s holdings in Republic Services were worth $31,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in RSG. Vanguard Group Inc. grew its position in shares of Republic Services by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock worth $3,740,083,000 after acquiring an additional 144,719 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in Republic Services by 3.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock worth $1,259,855,000 after acquiring an additional 218,729 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Republic Services by 10.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock worth $1,069,836,000 after purchasing an additional 499,237 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Republic Services by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,565,137 shares of the business services provider's stock valued at $918,045,000 after purchasing an additional 57,616 shares during the period. Finally, Norges Bank acquired a new stake in Republic Services in the fourth quarter worth about $553,039,000. Institutional investors own 57.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Melius Research raised shares of Republic Services to a "hold" rating and set a $281.00 price target for the company in a research note on Monday, June 9th. BMO Capital Markets reiterated an "outperform" rating and set a $280.00 price target (up from $268.00) on shares of Republic Services in a research report on Monday, June 9th. Seaport Res Ptn upgraded shares of Republic Services to a "strong-buy" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. lifted their target price on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $266.00 price objective on shares of Republic Services in a report on Friday, April 25th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Republic Services presently has a consensus rating of "Moderate Buy" and an average target price of $252.68.

Republic Services Price Performance

Shares of NYSE:RSG opened at $245.03 on Friday. The business has a 50-day moving average of $248.88 and a two-hundred day moving average of $231.94. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66. Republic Services, Inc. has a fifty-two week low of $188.82 and a fifty-two week high of $258.75. The stock has a market capitalization of $76.57 billion, a P/E ratio of 36.96, a P/E/G ratio of 3.74 and a beta of 0.63.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, topping 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 12.88% and a return on equity of 18.28%. Republic Services's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.45 earnings per share. On average, equities research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

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