Telos Capital Management Inc. reduced its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,976 shares of the business services provider's stock after selling 1,255 shares during the quarter. Telos Capital Management Inc.'s holdings in Republic Services were worth $8,228,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. DnB Asset Management AS grew its stake in Republic Services by 65.1% in the 4th quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider's stock valued at $14,672,000 after buying 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% in the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock valued at $26,000 after purchasing an additional 106 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Republic Services by 0.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider's stock worth $136,397,000 after purchasing an additional 4,110 shares during the period. Uniting Wealth Partners LLC acquired a new stake in Republic Services during the 4th quarter worth approximately $266,000. Finally, Sowell Financial Services LLC bought a new stake in Republic Services in the 1st quarter valued at $260,000. Institutional investors own 57.73% of the company's stock.
Analyst Upgrades and Downgrades
RSG has been the subject of a number of recent research reports. Melius Research raised shares of Republic Services to a "hold" rating and set a $281.00 target price for the company in a research report on Monday, June 9th. Seaport Res Ptn raised shares of Republic Services to a "strong-buy" rating in a research note on Tuesday, May 6th. National Bank Financial upgraded Republic Services to a "hold" rating in a report on Monday, May 26th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $280.00 price target (up previously from $268.00) on shares of Republic Services in a research report on Monday, June 9th. Finally, Wall Street Zen cut shares of Republic Services from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $255.21.
View Our Latest Stock Analysis on Republic Services
Republic Services Stock Up 0.5%
Republic Services stock traded up $1.15 during mid-day trading on Friday, reaching $241.24. 1,768,355 shares of the company's stock were exchanged, compared to its average volume of 1,154,194. The company has a market cap of $75.39 billion, a P/E ratio of 36.39, a P/E/G ratio of 3.68 and a beta of 0.61. The company has a fifty day moving average of $248.14 and a 200-day moving average of $234.60. Republic Services, Inc. has a twelve month low of $188.82 and a twelve month high of $258.75. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10.
Republic Services (NYSE:RSG - Get Free Report) last released its earnings results 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. 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 for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. The business's quarterly revenue was up 3.8% compared to the same quarter last year. Sell-side analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.
Republic Services Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be issued a $0.58 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.96%. Republic Services's dividend payout ratio (DPR) is presently 34.99%.
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.
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