Woodline Partners LP Invests $12.47 Million in Republic Services, Inc. (NYSE:RSG)

Woodline Partners LP bought a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 61,984 shares of the business services provider's stock, valued at approximately $12,470,000.

A number of other institutional investors have also modified their holdings of RSG. Barclays PLC increased its holdings in Republic Services by 11.0% during the third quarter. Barclays PLC now owns 675,163 shares of the business services provider's stock valued at $135,598,000 after buying an additional 66,842 shares during the period. Merit Financial Group LLC purchased a new position in Republic Services during the fourth quarter valued at approximately $546,000. UMB Bank n.a. increased its holdings in Republic Services by 15.2% during the fourth quarter. UMB Bank n.a. now owns 1,897 shares of the business services provider's stock valued at $382,000 after buying an additional 251 shares during the period. Ballentine Partners LLC increased its holdings in Republic Services by 1.4% during the fourth quarter. Ballentine Partners LLC now owns 7,687 shares of the business services provider's stock valued at $1,546,000 after buying an additional 105 shares during the period. Finally, Simon Quick Advisors LLC purchased a new position in Republic Services during the fourth quarter valued at approximately $237,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RSG has been the topic of several research reports. Morgan Stanley lifted their price objective on shares of Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a report on Friday, April 25th. Raymond James reissued an "outperform" rating on shares of Republic Services in a report on Wednesday, April 16th. Argus set a $260.00 price target on shares of Republic Services in a report on Tuesday, February 18th. CIBC raised shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price target on the stock in a report on Tuesday, March 4th. Finally, UBS Group lifted their price target on shares of Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $249.00.

Republic Services Trading Up 0.0%

NYSE:RSG opened at $252.21 on Thursday. Republic Services, Inc. has a 12 month low of $180.92 and a 12 month high of $253.54. The firm has a fifty day simple moving average of $242.25 and a 200-day simple moving average of $225.03. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $78.82 billion, a P/E ratio of 38.86, a PEG ratio of 3.64 and a beta of 0.66.

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, topping the consensus estimate of $1.53 by $0.05. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

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

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