Venture Visionary Partners LLC raised its stake in shares of Republic Services, Inc. (NYSE:RSG) by 51.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,060 shares of the business services provider’s stock after purchasing an additional 2,724 shares during the period. Venture Visionary Partners LLC’s holdings in Republic Services were worth $800,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capstone Triton Financial Group LLC purchased a new stake in shares of Republic Services during the 4th quarter valued at about $407,000. FIL Ltd raised its position in shares of Republic Services by 16.3% during the 4th quarter. FIL Ltd now owns 842,786 shares of the business services provider’s stock valued at $81,160,000 after buying an additional 118,346 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Republic Services by 3.0% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,077,396 shares of the business services provider’s stock valued at $103,753,000 after buying an additional 31,775 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Republic Services by 5.6% during the 4th quarter. Handelsbanken Fonder AB now owns 48,712 shares of the business services provider’s stock valued at $4,691,000 after buying an additional 2,600 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in shares of Republic Services during the 4th quarter valued at about $1,238,000. 56.78% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on RSG. JPMorgan Chase & Co. upgraded shares of Republic Services from a “neutral” rating to an “overweight” rating and set a $102.00 target price on the stock in a research report on Monday, March 1st. Zacks Investment Research lowered shares of Republic Services from a “hold” rating to a “sell” rating and set a $101.00 price objective on the stock. in a research report on Wednesday, January 13th. Raymond James increased their price objective on shares of Republic Services from $102.00 to $111.00 and gave the stock an “outperform” rating in a research report on Monday, April 19th. Robert W. Baird lowered shares of Republic Services from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $103.00 to $96.00 in a research report on Tuesday, February 16th. Finally, The Goldman Sachs Group assumed coverage on shares of Republic Services in a research report on Tuesday, April 13th. They issued a “buy” rating and a $117.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Republic Services has an average rating of “Hold” and an average price target of $101.50.
Shares of NYSE:RSG opened at $107.99 on Tuesday. The firm has a market cap of $34.45 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64. The firm’s 50 day simple moving average is $101.76 and its 200-day simple moving average is $96.11. Republic Services, Inc. has a one year low of $76.19 and a one year high of $108.50. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81.
Republic Services (NYSE:RSG) last released its quarterly earnings data on Sunday, February 21st. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.18. Republic Services had a net margin of 10.05% and a return on equity of 13.59%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the firm earned $0.91 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts predict that Republic Services, Inc. will post 3.37 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Thursday, April 1st were paid a dividend of $0.425 per share. The ex-dividend date was Wednesday, March 31st. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.57%. Republic Services’s dividend payout ratio is presently 50.90%.
Republic Services Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, disposal, recycling, and environmental services in the United States. The company serves small-container, large-container, and municipal and residential customers. The company's collection services include curbside collection of material for transport to transfer stations, landfills, or recycling processing centers; supply of recycling and waste containers; and renting of compactors.
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