Farther Finance Advisors LLC grew its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 29.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,811 shares of the business services provider's stock after purchasing an additional 1,782 shares during the period. Farther Finance Advisors LLC's holdings in Republic Services were worth $1,904,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in RSG. Norges Bank acquired a new position in Republic Services in the 4th quarter valued at $553,039,000. GAMMA Investing LLC lifted its position in Republic Services by 39,024.4% during the first quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider's stock worth $539,091,000 after purchasing an additional 2,220,487 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Republic Services during the 4th quarter worth $184,827,000. Price T Rowe Associates Inc. MD lifted its position in shares of Republic Services by 10.4% during the 4th 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 buying an additional 499,237 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in Republic Services by 170.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 584,345 shares of the business services provider's stock valued at $117,559,000 after buying an additional 368,395 shares in the last quarter. Institutional investors own 57.73% of the company's stock.
Republic Services Stock Performance
NYSE RSG traded down $0.97 during trading on Friday, hitting $250.88. 298,826 shares of the company's stock traded hands, compared to its average volume of 1,259,725. The stock has a market capitalization of $78.40 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 3.64 and a beta of 0.63. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The business has a 50 day moving average of $247.08 and a 200-day moving average of $229.73. Republic Services, Inc. has a 12-month low of $186.01 and a 12-month 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 EPS for the quarter, topping the consensus estimate of $1.53 by $0.05. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a net margin of 12.74% 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 last year, the firm earned $1.45 EPS. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.
Republic Services Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.92%. Republic Services's dividend payout ratio (DPR) is currently 34.99%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on RSG shares. Stifel Nicolaus lifted their price target on shares of Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. BMO Capital Markets reiterated an "outperform" rating and issued a $280.00 target price (up from $268.00) on shares of Republic Services in a research report on Monday. National Bank Financial raised shares of Republic Services to a "hold" rating in a research note on Monday, May 26th. Wall Street Zen lowered Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Seaport Res Ptn upgraded shares of Republic Services to a "strong-buy" rating in a report on Tuesday, May 6th. Ten 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 company. Based on data from MarketBeat.com, Republic Services presently has a consensus rating of "Moderate Buy" and an average target price of $252.68.
View Our Latest Stock Report on Republic Services
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.
Further Reading
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