Siemens Fonds Invest GmbH lowered its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 83.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,808 shares of the business services provider's stock after selling 18,800 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Republic Services were worth $766,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in RSG. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Republic Services by 37.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider's stock valued at $3,586,000 after buying an additional 4,827 shares in the last quarter. DnB Asset Management AS increased its position in shares of Republic Services by 65.1% during 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 in the last quarter. Hickory Point Bank & Trust bought a new position in shares of Republic Services during the fourth quarter valued at $790,000. Uniting Wealth Partners LLC bought a new position in Republic Services in the fourth quarter valued at about $266,000. Finally, EULAV Asset Management lifted its holdings in Republic Services by 41.7% in the fourth quarter. EULAV Asset Management now owns 390,458 shares of the business services provider's stock valued at $78,552,000 after acquiring an additional 115,000 shares during the period. Institutional investors own 57.73% of the company's stock.
Analysts Set New Price Targets
RSG has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price target on Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Morgan Stanley raised their price objective on Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a research note on Friday, April 25th. Royal Bank of Canada reissued an "outperform" rating and set a $266.00 price target on shares of Republic Services in a research note on Friday, April 25th. Wall Street Zen downgraded Republic Services from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, CIBC upgraded Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price target on the stock in a report on Tuesday, March 4th. Eight equities 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. According to MarketBeat.com, Republic Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.44.
Read Our Latest Stock Report on Republic Services
Republic Services Stock Up 1.2%
NYSE RSG traded up $3.17 during trading on Friday, reaching $257.61. 2,680,727 shares of the company's stock were exchanged, compared to its average volume of 1,138,381. The stock has a market cap of $80.50 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. 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 company has a 50 day moving average price of $244.87 and a two-hundred day moving average price of $227.26. Republic Services, Inc. has a 1 year low of $181.51 and a 1 year high of $257.84.
Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The business's revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.
Republic Services Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, July 2nd. 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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