Two Sigma Advisers LP Buys 21,400 Shares of Republic Services, Inc. (NYSE:RSG)

Two Sigma Advisers LP lifted its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 575,900 shares of the business services provider's stock after purchasing an additional 21,400 shares during the period. Two Sigma Advisers LP owned about 0.18% of Republic Services worth $115,860,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Republic Services by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock worth $3,740,083,000 after purchasing an additional 144,719 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Republic Services by 3.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock worth $1,259,855,000 after purchasing an additional 218,729 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 purchasing an additional 499,237 shares during the last quarter. Geode Capital Management LLC raised its position in Republic Services by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,565,137 shares of the business services provider's stock valued at $918,045,000 after purchasing an additional 57,616 shares during the last quarter. Finally, Norges Bank bought a new position in Republic Services during the 4th quarter valued at approximately $553,039,000. Institutional investors own 57.73% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Stifel Nicolaus upped their price target on Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Wall Street Zen lowered Republic Services from a "buy" rating to a "hold" rating in a research report on Saturday. Truist Financial lifted their target price on shares of Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lifted 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. Finally, Seaport Res Ptn raised shares of Republic Services to a "strong-buy" rating in a research note on Tuesday, May 6th. Seven investment 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 stock has an average rating of "Moderate Buy" and a consensus target price of $250.44.

Republic Services Stock Up 0.7%

NYSE:RSG traded up $1.79 on Friday, reaching $252.79. 1,074,391 shares of the stock traded hands, compared to its average volume of 1,127,159. The company has a market capitalization of $79.00 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 3.64 and a beta of 0.66. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12 month low of $180.92 and a 12 month high of $253.76. The company's fifty day simple moving average is $242.93 and its 200 day simple moving average is $225.72.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.05. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $1.45 EPS. Equities analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

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. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's payout ratio is currently 34.99%.

About Republic Services

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.