Trium Capital LLP Lowers Position in Republic Services, Inc. (NYSE:RSG)

Trium Capital LLP decreased its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 54.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,093 shares of the business services provider's stock after selling 6,085 shares during the quarter. Republic Services comprises approximately 0.2% of Trium Capital LLP's portfolio, making the stock its 25th biggest holding. Trium Capital LLP's holdings in Republic Services were worth $1,233,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Republic Services in the 4th quarter worth about $553,039,000. GAMMA Investing LLC increased its position in Republic Services by 39,024.4% in the first quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider's stock worth $539,091,000 after buying an additional 2,220,487 shares during the period. Price T Rowe Associates Inc. MD increased its position in Republic Services by 10.4% in the fourth 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 period. Alyeska Investment Group L.P. increased its holdings 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 purchasing an additional 368,395 shares during the period. Finally, Balyasny Asset Management L.P. grew its holdings in 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 worth $110,298,000 after acquiring an additional 350,221 shares during the period. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Stock Up 0.5%

Shares of Republic Services stock traded up $1.15 on Friday, hitting $241.24. The company had a trading volume of 1,768,355 shares, compared to its average volume of 1,153,394. The stock has a market capitalization of $75.39 billion, a price-to-earnings ratio of 36.39, 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 stock has a 50 day moving average of $248.33 and a 200-day moving average of $234.34. Republic Services, Inc. has a 1 year low of $188.82 and a 1 year high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last released 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 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 analyst estimates of $4.08 billion. During the same period in the prior year, the company posted $1.45 earnings per share. Republic Services's quarterly revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The business 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 $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's payout ratio is currently 34.99%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. William Blair reiterated an "outperform" rating on shares of Republic Services in a research report on Friday, April 25th. BMO Capital Markets reiterated an "outperform" rating and issued a $280.00 price target (up previously from $268.00) on shares of Republic Services in a research report on Monday, June 9th. Oppenheimer increased their price target on Republic Services from $262.00 to $268.00 and gave the company an "outperform" rating in a research report on Wednesday. Robert W. Baird raised their price objective on Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. raised their price objective on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. 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 stock. According to data from MarketBeat.com, Republic Services presently has a consensus rating of "Moderate Buy" and an average target price of $255.21.

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.