Union Bancaire Privee UBP SA raised its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 165,193 shares of the business services provider's stock after purchasing an additional 9,019 shares during the quarter. Union Bancaire Privee UBP SA owned 0.05% of Republic Services worth $38,922,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. DnB Asset Management AS boosted its holdings in Republic Services by 65.1% in the fourth 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 purchased a new stake in Republic Services in the fourth quarter valued at $790,000. Uniting Wealth Partners LLC purchased a new stake in Republic Services in the fourth quarter valued at $266,000. BNP Paribas Financial Markets boosted its holdings in Republic Services by 3.4% in the fourth quarter. BNP Paribas Financial Markets now owns 435,835 shares of the business services provider's stock valued at $87,681,000 after purchasing an additional 14,273 shares during the last quarter. Finally, National Pension Service boosted its holdings in Republic Services by 3.5% in the fourth quarter. National Pension Service now owns 329,757 shares of the business services provider's stock valued at $66,341,000 after purchasing an additional 11,128 shares during the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $266.00 price target on shares of Republic Services in a report on Friday, April 25th. Truist Financial increased their target price on shares of Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Melius Research raised shares of Republic Services to a "hold" rating and set a $281.00 target price on the stock in a research note on Monday, June 9th. JPMorgan Chase & Co. increased their target price on shares of Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Finally, Scotiabank increased their target price on shares of Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 8th. Ten 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 company presently has an average rating of "Moderate Buy" and an average target price of $252.68.
Get Our Latest Stock Analysis on RSG
Republic Services Price Performance
Shares of RSG traded down $1.10 during mid-day trading on Friday, hitting $250.75. 661,699 shares of the company were exchanged, compared to its average volume of 1,144,228. The stock has a market cap of $78.36 billion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 3.64 and a beta of 0.63. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. Republic Services, Inc. has a 1-year low of $188.14 and a 1-year high of $258.75. The company has a 50 day moving average of $247.56 and a 200-day moving average of $230.12.
Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.05. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. Republic Services's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 EPS. Analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.
Republic Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be issued a $0.58 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.93%. Republic Services's payout ratio is 34.99%.
About Republic Services
(
Free Report)
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.
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