Worldquant Millennium Advisors LLC Makes New $3.11 Million Investment in Republic Services, Inc. (NYSE:RSG)

Worldquant Millennium Advisors LLC bought a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,473 shares of the business services provider's stock, valued at approximately $3,113,000.

A number of other large investors also recently made changes to their positions in the company. Arcadia Investment Management Corp MI grew its holdings in shares of Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after acquiring an additional 88 shares in the last quarter. R Squared Ltd purchased a new position in Republic Services in the fourth quarter worth $32,000. New Age Alpha Advisors LLC increased its position in shares of Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Republic Services during the 4th quarter worth $45,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Republic Services in the 4th quarter worth about $48,000. 57.73% of the stock is owned by institutional investors.

Republic Services Price Performance

RSG stock opened at $250.94 on Friday. The firm has a 50 day moving average of $242.55 and a 200-day moving average of $225.37. The firm has a market capitalization of $78.42 billion, a P/E ratio of 38.67, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. Republic Services, Inc. has a 12 month low of $180.92 and a 12 month high of $253.54. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results 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 firm 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%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $1.45 EPS. As a group, sell-side analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.92%. Republic Services's dividend payout ratio is currently 34.99%.

Analysts Set New Price Targets

RSG has been the topic of several research reports. Truist Financial lifted their price objective on shares of Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Argus set a $260.00 price target on shares of Republic Services in a report on Tuesday, February 18th. The Goldman Sachs Group increased their price objective on Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Seaport Res Ptn upgraded Republic Services to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Robert W. Baird increased their price target on Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Republic Services currently has an average rating of "Moderate Buy" and an average target price of $249.00.

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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