Republic Services, Inc. (NYSE:RSG) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,220 shares of the business services provider's stock after selling 3,312 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.06% of Republic Services worth $45,822,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RSG. DnB Asset Management AS grew its holdings in Republic Services by 65.1% during the fourth 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. Golden State Wealth Management LLC grew its position in shares of Republic Services by 3,533.3% during the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock worth $26,000 after buying an additional 106 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in Republic Services by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider's stock worth $136,397,000 after acquiring an additional 4,110 shares during the last quarter. Capital Management Associates Inc acquired a new position in Republic Services during the first quarter worth $314,000. Finally, Uniting Wealth Partners LLC bought a new stake in Republic Services in the 4th quarter valued at $266,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Performance

Shares of RSG stock opened at $240.03 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. The business has a 50 day moving average of $247.43 and a two-hundred day moving average of $235.67. The company has a market cap of $75.01 billion, a P/E ratio of 36.20, a PEG ratio of 3.65 and a beta of 0.61. Republic Services, Inc. has a 52 week low of $188.82 and a 52 week high of $258.75.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.05. Republic Services had a net margin of 12.88% and a return on equity of 18.28%. The firm had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same period in the prior year, the company posted $1.45 earnings per share. Republic Services's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.97%. Republic Services's dividend payout ratio is 34.99%.

Analyst Ratings Changes

Several research firms have recently commented on RSG. JPMorgan Chase & Co. boosted their price objective on Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Melius Research upgraded Republic Services to a "hold" rating and set a $281.00 price objective for the company in a report on Monday, June 9th. Scotiabank increased their price objective on Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. William Blair reissued an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $266.00 target price on shares of Republic Services in a research 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 given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.

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