QS Investors LLC increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 13.2% during the 4th quarter, Holdings Channel reports. The fund owned 89,052 shares of the business services provider’s stock after purchasing an additional 10,407 shares during the quarter. QS Investors LLC’s holdings in Republic Services were worth $6,021,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. SeaCrest Wealth Management LLC bought a new position in Republic Services during the 4th quarter worth approximately $121,000. Benjamin F. Edwards & Company Inc. grew its position in Republic Services by 507.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,823 shares of the business services provider’s stock worth $123,000 after acquiring an additional 1,523 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Republic Services by 1,070.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,937 shares of the business services provider’s stock worth $199,000 after acquiring an additional 2,686 shares during the last quarter. Focused Wealth Management Inc bought a new position in Republic Services during the 4th quarter worth approximately $199,000. Finally, Welch & Forbes LLC bought a new position in Republic Services during the 4th quarter worth approximately $201,000. Institutional investors and hedge funds own 61.11% of the company’s stock.
Several research firms recently issued reports on RSG. Stifel Nicolaus upgraded Republic Services from a “hold” rating to a “buy” rating and raised their price target for the stock from $70.00 to $73.00 in a research report on Thursday, January 4th. Zacks Investment Research lowered Republic Services from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. BMO Capital Markets reduced their price target on Republic Services from $74.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, February 9th. Credit Suisse Group reduced their price target on Republic Services from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Monday, February 12th. Finally, Bank of America raised their price target on Republic Services from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Republic Services presently has an average rating of “Hold” and an average target price of $68.57.
Shares of Republic Services, Inc. (RSG) opened at $69.00 on Wednesday. The firm has a market capitalization of $22,804.05, a P/E ratio of 18.21, a PEG ratio of 2.18 and a beta of 0.55. Republic Services, Inc. has a 1 year low of $60.26 and a 1 year high of $69.40. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.55 and a quick ratio of 0.55.
Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.04. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. Republic Services had a return on equity of 10.61% and a net margin of 12.73%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS. equities research analysts anticipate that Republic Services, Inc. will post 3.08 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be given a $0.345 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.00%. Republic Services’s dividend payout ratio is currently 36.41%.
Republic Services Profile
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
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