Free Trial

Republic Services, Inc. (NYSE:RSG) Stock Holdings Increased by Vanguard Group Inc.

Republic Services logo with Business Services background

Key Points

  • Vanguard Group Inc. increased its stake in Republic Services, Inc. by 0.9%, acquiring an additional 170,548 shares, bringing its total ownership to approximately 18.76 million shares, valued at $4.54 billion.
  • Research analysts have generally positive outlooks on Republic Services, with nine analysts rating it as a hold, twelve as a buy, and two as a strong buy, indicating a consensus rating of "Moderate Buy".
  • Republic Services announced a dividend increase to $0.625 per share, from its previous $0.58, with a dividend yield of 1.1%, scheduled for payment on October 15th.
  • Want stock alerts on Republic Services? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Vanguard Group Inc. boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,761,276 shares of the business services provider's stock after acquiring an additional 170,548 shares during the period. Vanguard Group Inc. owned 6.00% of Republic Services worth $4,543,231,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Golden State Wealth Management LLC boosted its holdings in Republic Services by 3,533.3% in the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock valued at $26,000 after purchasing an additional 106 shares during the last quarter. Capital Management Associates Inc purchased a new stake in shares of Republic Services during the 1st quarter worth $314,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Republic Services by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider's stock worth $136,397,000 after purchasing an additional 4,110 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Republic Services during the 1st quarter worth $260,000. Finally, GAMMA Investing LLC lifted its position in shares of Republic Services by 61.6% during the 1st quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider's stock worth $2,226,000 after purchasing an additional 3,503 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Trading Down 1.7%

Shares of NYSE RSG traded down $4.08 during midday trading on Tuesday, reaching $232.96. 268,680 shares of the stock were exchanged, compared to its average volume of 1,297,317. The company has a market capitalization of $72.73 billion, a P/E ratio of 34.44, a P/E/G ratio of 3.67 and a beta of 0.60. Republic Services, Inc. has a 52-week low of $197.60 and a 52-week high of $258.75. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04. The stock has a 50 day moving average price of $243.33 and a 200-day moving average price of $239.67.

Republic Services (NYSE:RSG - Get Free Report) last released its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the previous year, the firm earned $1.61 earnings per share. Republic Services's revenue was up 4.6% compared to the same quarter last year. Equities research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be issued a $0.625 dividend. This is a boost from Republic Services's previous quarterly dividend of $0.58. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Republic Services's dividend payout ratio is currently 34.32%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Scotiabank lifted their price objective on shares of Republic Services from $250.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, July 18th. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research report on Friday, April 25th. Raymond James Financial increased their target price on shares of Republic Services from $257.00 to $260.00 and gave the company an "outperform" rating in a research report on Tuesday, July 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 report on Monday, June 9th. Finally, Robert W. Baird increased their target price on shares of Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Nine 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $262.17.

View Our Latest Research Report on RSG

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.

Featured Stories

Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

Should You Invest $1,000 in Republic Services Right Now?

Before you consider Republic Services, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Republic Services wasn't on the list.

While Republic Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines