UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $277.35 Million Position in Republic Services, Inc. (NYSE:RSG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 8.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,378,638 shares of the business services provider's stock after buying an additional 108,414 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.44% of Republic Services worth $277,354,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in Republic Services by 37.5% in 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 period. DnB Asset Management AS boosted its stake in shares of Republic Services by 65.1% in the 4th quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider's stock valued at $14,672,000 after purchasing an additional 28,764 shares during the last quarter. Hickory Point Bank & Trust acquired a new stake in shares of Republic Services during the 4th quarter worth approximately $790,000. Uniting Wealth Partners LLC bought a new stake in shares of Republic Services during the fourth quarter worth approximately $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 buying an additional 115,000 shares during the period. Institutional investors own 57.73% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. BMO Capital Markets lifted their target price on shares of Republic Services from $260.00 to $268.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Robert W. Baird raised their price target on Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Argus set a $260.00 price objective on Republic Services in a report on Tuesday, February 18th. Wall Street Zen lowered Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, William Blair restated an "outperform" rating on shares of Republic Services in a research report on Friday, April 25th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.44.

Republic Services Stock Up 0.2%

RSG stock traded up $0.60 during mid-day trading on Tuesday, hitting $253.46. 407,363 shares of the company were exchanged, compared to its average volume of 1,125,603. The firm has a market cap of $79.20 billion, a P/E ratio of 39.06, a P/E/G ratio of 3.64 and a beta of 0.66. Republic Services, Inc. has a 1-year low of $180.92 and a 1-year high of $269.51. 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's 50 day simple moving average is $243.29 and its 200 day simple moving average is $226.27.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. The business 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%. The firm's revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 EPS. On average, sell-side analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.92%. Republic Services's payout ratio 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.