Republic Services, Inc. (NYSE:RSG) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 435,835 shares of the business services provider's stock after purchasing an additional 14,273 shares during the period. BNP Paribas Financial Markets owned about 0.14% of Republic Services worth $87,681,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Republic Services by 11.0% in 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 in the last quarter. World Investment Advisors LLC lifted its holdings in Republic Services by 25.8% in the third quarter. World Investment Advisors LLC now owns 3,055 shares of the business services provider's stock valued at $613,000 after acquiring an additional 626 shares during the period. Nordea Investment Management AB boosted its position in shares of Republic Services by 19.4% during the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider's stock worth $626,553,000 after purchasing an additional 509,116 shares in the last quarter. Canandaigua National Trust Co of Florida acquired a new position in shares of Republic Services during the 4th quarter worth $247,000. Finally, Diversified Trust Co lifted its stake in shares of Republic Services by 12.1% in the fourth quarter. Diversified Trust Co now owns 1,537 shares of the business services provider's stock valued at $309,000 after purchasing an additional 166 shares during the period. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Price Performance

RSG stock opened at $250.74 on Tuesday. The stock has a market capitalization of $78.36 billion, a price-to-earnings ratio of 38.63, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. The stock's fifty day simple moving average is $239.00 and its 200-day simple moving average is $221.52. Republic Services, Inc. has a 52-week low of $180.92 and a 52-week high of $252.40. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG - Get Free Report) last posted 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 company had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The firm's revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 EPS. Equities research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Wednesday, July 2nd. Republic Services's dividend payout ratio is currently 34.99%.

Insider Activity

In other news, COO Gregg Brummer sold 6,293 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RSG shares. 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 report on Friday, April 25th. Argus set a $260.00 price objective on Republic Services in a report on Tuesday, February 18th. Royal Bank of Canada reissued an "outperform" rating and issued a $266.00 target price on shares of Republic Services in a report on Friday, April 25th. Morgan Stanley lifted their price target on Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. Finally, Jefferies Financial Group raised their target price on shares of Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Republic Services has a consensus rating of "Moderate Buy" and an average price target of $249.00.

Republic Services 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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