Robeco Schweiz AG Boosts Position in Republic Services, Inc. (NYSE:RSG)

Robeco Schweiz AG lifted its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 135.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,377 shares of the business services provider's stock after buying an additional 46,877 shares during the quarter. Robeco Schweiz AG's holdings in Republic Services were worth $19,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in RSG. Brighton Jones LLC boosted its position in shares of Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider's stock worth $3,988,000 after purchasing an additional 8,547 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Republic Services in the fourth quarter worth $30,230,000. Daiwa Securities Group Inc. raised its position in shares of Republic Services by 6.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 28,124 shares of the business services provider's stock worth $5,658,000 after purchasing an additional 1,814 shares during the last quarter. Independent Advisor Alliance boosted its stake in Republic Services by 3.8% in the 4th quarter. Independent Advisor Alliance now owns 10,428 shares of the business services provider's stock worth $2,098,000 after purchasing an additional 378 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in Republic Services by 0.4% during the 4th quarter. HighTower Advisors LLC now owns 27,461 shares of the business services provider's stock valued at $5,525,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 57.73% of the company's stock.

Republic Services Stock Performance

Shares of Republic Services stock opened at $239.99 on Friday. Republic Services, Inc. has a one year low of $188.82 and a one year high of $258.75. The company has a market capitalization of $75.00 billion, a PE ratio of 36.20, a P/E/G ratio of 3.69 and a beta of 0.61. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.66 and a current ratio of 0.66. The company has a 50-day simple moving average of $248.33 and a two-hundred day simple moving average of $234.34.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The company had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same period last year, the business posted $1.45 earnings per share. The firm's revenue was up 3.8% compared to the same quarter last year. Research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed 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 0.97%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) is currently 34.99%.

Analyst Ratings Changes

A number of research firms have recently commented on RSG. Robert W. Baird increased their price target on shares of Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Royal Bank Of Canada reiterated an "outperform" rating and set a $266.00 target price on shares of Republic Services in a research note on Friday, April 25th. Citigroup boosted their price target on Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Melius began coverage on Republic Services in a research report on Monday, June 9th. They set a "hold" rating on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $255.21.

Republic Services Company 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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