36,026 Shares in Republic Services, Inc. $RSG Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP acquired a new position in Republic Services, Inc. (NYSE:RSG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 36,026 shares of the business services provider’s stock, valued at approximately $7,635,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its position in shares of Republic Services by 7,683.2% during the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock valued at $169,768,000 after buying an additional 730,287 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Republic Services by 1,337.9% in the 4th quarter. SG Americas Securities LLC now owns 575,637 shares of the business services provider’s stock valued at $121,995,000 after purchasing an additional 535,603 shares during the last quarter. Man Group plc raised its position in shares of Republic Services by 380.1% in the 3rd quarter. Man Group plc now owns 667,603 shares of the business services provider’s stock valued at $153,202,000 after purchasing an additional 528,540 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Republic Services by 93.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 907,735 shares of the business services provider’s stock valued at $208,307,000 after purchasing an additional 438,219 shares during the last quarter. Finally, Caisse de depot et placement du Quebec raised its position in shares of Republic Services by 49.1% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,326,827 shares of the business services provider’s stock valued at $304,480,000 after purchasing an additional 437,166 shares during the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Down 0.3%

Shares of NYSE:RSG opened at $208.12 on Friday. The business has a 50-day moving average price of $214.67 and a 200 day moving average price of $214.89. The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $64.03 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 3.43 and a beta of 0.43. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $258.75.

Republic Services (NYSE:RSG) last released its earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.10 billion. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.Republic Services’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 EPS. Sell-side analysts expect that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services’s payout ratio is currently 35.87%.

Insider Activity at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. acquired 366,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $202.24 per share, with a total value of $74,019,840.00. Following the completion of the transaction, the insider owned 110,315,982 shares in the company, valued at $22,310,304,199.68. This represents a 0.33% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders bought 499,150 shares of company stock worth $100,527,357 over the last three months. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. BMO Capital Markets dropped their price target on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Morgan Stanley decreased their price objective on Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Royal Bank Of Canada raised their price objective on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. raised their price objective on Republic Services from $233.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, April 10th. Eleven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Republic Services has a consensus rating of “Hold” and a consensus price target of $245.15.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.