Mn Services Vermogensbeheer B.V. decreased its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,200 shares of the business services provider's stock after selling 6,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Republic Services were worth $19,663,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently modified their holdings of the company. Arcadia Investment Management Corp MI grew its stake in shares of Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after buying an additional 88 shares during the period. New Age Alpha Advisors LLC grew its position in Republic Services by 70.2% in the fourth 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 during the period. Park Square Financial Group LLC acquired a new stake in Republic Services during the fourth quarter worth $44,000. Generali Asset Management SPA SGR acquired a new position in shares of Republic Services in the 4th quarter valued at $45,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Republic Services during the 4th quarter worth $48,000. Hedge funds and other institutional investors own 57.73% of the company's stock.
Republic Services Stock Down 1.1%
Shares of RSG traded down $2.84 during midday trading on Monday, reaching $248.42. The stock had a trading volume of 735,565 shares, compared to its average volume of 1,142,594. 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's fifty day simple moving average is $247.56 and its two-hundred day simple moving average is $230.12. The company has a market cap of $77.63 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 3.64 and a beta of 0.63. Republic Services, Inc. has a 1-year low of $188.14 and a 1-year high of $258.75.
Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business 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 firm posted $1.45 EPS. The business's quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.
Republic Services Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's payout ratio is 34.99%.
Analyst Upgrades and Downgrades
A number of research firms have commented on RSG. Stifel Nicolaus upped their target price on shares of Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. BMO Capital Markets reaffirmed an "outperform" rating and set a $280.00 price objective (up previously from $268.00) on shares of Republic Services in a research report on Monday, June 9th. The Goldman Sachs Group lifted their target price on shares of Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Wall Street Zen cut Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Cibc World Mkts raised Republic Services from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Republic Services presently has a consensus rating of "Moderate Buy" and an average target price of $252.68.
View Our Latest Research Report on RSG
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.
Recommended Stories
Before you consider Republic Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Republic Services wasn't on the list.
While Republic Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
