Two Sigma Investments LP Has $86.68 Million Position in Republic Services, Inc. (NYSE:RSG)

Two Sigma Investments LP reduced its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 35.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430,838 shares of the business services provider's stock after selling 232,662 shares during the quarter. Two Sigma Investments LP owned 0.14% of Republic Services worth $86,676,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RSG. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Republic Services by 37.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider's stock worth $3,586,000 after purchasing an additional 4,827 shares during the last quarter. DnB Asset Management AS grew its holdings 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 worth $14,672,000 after purchasing an additional 28,764 shares during the last quarter. Hickory Point Bank & Trust bought a new stake in shares of Republic Services during the fourth quarter worth $790,000. Uniting Wealth Partners LLC bought a new stake in shares of Republic Services during the fourth quarter worth $266,000. Finally, EULAV Asset Management grew its holdings in shares of Republic Services by 41.7% during the fourth quarter. EULAV Asset Management now owns 390,458 shares of the business services provider's stock worth $78,552,000 after purchasing an additional 115,000 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Stifel Nicolaus increased their target price on Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Cibc World Mkts upgraded Republic Services from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. BMO Capital Markets raised their price target on Republic Services from $260.00 to $268.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Citigroup raised their price target on Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, Seaport Res Ptn upgraded Republic Services to a "strong-buy" rating in a report on Tuesday, May 6th. Seven research 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 company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $250.44.

Republic Services Trading Up 0.7%

NYSE:RSG traded up $1.79 during mid-day trading on Friday, hitting $252.79. The company had a trading volume of 1,074,391 shares, compared to its average volume of 1,128,341. Republic Services, Inc. has a fifty-two week low of $180.92 and a fifty-two week high of $253.76. The business's fifty day moving average is $242.93 and its two-hundred day moving average is $225.85. 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 firm has a market cap of $79.00 billion, a P/E ratio of 38.95, a P/E/G ratio of 3.64 and a beta of 0.66.

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 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 12.74%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the firm posted $1.45 earnings per share. The company's quarterly revenue was up 3.8% on a year-over-year basis. As a group, research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current 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 given 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 is Wednesday, July 2nd. Republic Services's dividend payout ratio is currently 34.99%.

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.