Republic Services, Inc. (NYSE:RSG) Stake Raised by Toronto Dominion Bank

Toronto Dominion Bank boosted its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,252 shares of the business services provider's stock after purchasing an additional 7,735 shares during the period. Toronto Dominion Bank's holdings in Republic Services were worth $22,784,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RSG. Norges Bank acquired a new stake in Republic Services in the 4th quarter valued at $553,039,000. Raymond James Financial Inc. acquired a new stake in Republic Services in the 4th quarter valued at $184,827,000. Price T Rowe Associates Inc. MD increased its holdings in Republic Services by 10.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock valued at $1,069,836,000 after purchasing an additional 499,237 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in shares of Republic Services by 170.6% during 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 acquiring an additional 368,395 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of Republic Services by 176.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 548,255 shares of the business services provider's stock valued at $110,298,000 after acquiring an additional 350,221 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RSG. Cibc World Mkts upgraded Republic Services from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. BMO Capital Markets raised their target price on Republic Services from $260.00 to $268.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Seaport Res Ptn upgraded Republic Services to a "strong-buy" rating in a research note on Tuesday, May 6th. UBS Group raised their target price on Republic Services from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. Finally, Raymond James restated an "outperform" rating on shares of Republic Services in a research note on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $250.44.

Republic Services Stock Performance

NYSE RSG traded up $3.17 during trading hours on Friday, reaching $257.61. The company's stock had a trading volume of 2,680,727 shares, compared to its average volume of 1,138,361. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The business has a 50-day simple moving average of $244.87 and a 200 day simple moving average of $227.26. Republic Services, Inc. has a 52 week low of $181.51 and a 52 week high of $257.93. The stock has a market cap of $80.50 billion, a PE ratio of 39.69, a PEG ratio of 3.64 and a beta of 0.66.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.05. The firm had revenue of $4.01 billion for the quarter, compared to analysts' expectations 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 was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $1.45 earnings per share. Equities research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued 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 0.90%. Republic Services's dividend payout ratio (DPR) is presently 34.99%.

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.