Robeco Institutional Asset Management B.V. Has $89.41 Million Stake in Republic Services, Inc. (NYSE:RSG)

Robeco Institutional Asset Management B.V. reduced its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,219 shares of the business services provider's stock after selling 33,100 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.12% of Republic Services worth $89,410,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. DnB Asset Management AS grew its position in Republic Services by 65.1% in 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 acquiring an additional 28,764 shares during the last quarter. Hickory Point Bank & Trust acquired a new stake in shares of Republic Services in the fourth quarter valued at about $790,000. Uniting Wealth Partners LLC bought a new position in shares of Republic Services during the fourth quarter worth about $266,000. Sowell Financial Services LLC acquired a new position in shares of Republic Services in the first quarter worth approximately $260,000. Finally, BNP Paribas Financial Markets increased its position in Republic Services by 3.4% during the 4th quarter. BNP Paribas Financial Markets now owns 435,835 shares of the business services provider's stock valued at $87,681,000 after purchasing an additional 14,273 shares during the period. Institutional investors and hedge funds own 57.73% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RSG shares. Cibc World Mkts raised shares of Republic Services from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. William Blair reiterated an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. Wall Street Zen cut Republic Services from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. raised their target price on Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, Citigroup boosted their price target on shares of Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Ten 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 currently has a consensus rating of "Moderate Buy" and an average target price of $252.68.

Republic Services Stock Performance

Shares of RSG opened at $245.03 on Friday. The business has a fifty day moving average of $248.88 and a 200 day moving average of $231.94. The firm has a market capitalization of $76.57 billion, a P/E ratio of 36.96, a PEG ratio of 3.74 and a beta of 0.63. Republic Services, Inc. has a one year low of $188.82 and a one year high of $258.75. 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 (NYSE:RSG - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.05. Republic Services had a net margin of 12.88% and a return on equity of 18.28%. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business posted $1.45 earnings per share. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Wednesday, July 2nd. 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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