Shell Asset Management Co. lifted its position in shares of Republic Services, Inc. (NYSE:RSG) by 1.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 102,231 shares of the business services provider’s stock after purchasing an additional 1,525 shares during the quarter. Shell Asset Management Co.’s holdings in Republic Services were worth $8,217,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. FTB Advisors Inc. acquired a new position in shares of Republic Services during the fourth quarter worth about $25,000. CWM LLC boosted its position in shares of Republic Services by 109.9% during the first quarter. CWM LLC now owns 468 shares of the business services provider’s stock worth $38,000 after buying an additional 245 shares during the period. Dubuque Bank & Trust Co. boosted its position in shares of Republic Services by 74.5% during the first quarter. Dubuque Bank & Trust Co. now owns 480 shares of the business services provider’s stock worth $38,000 after buying an additional 205 shares during the period. Duncker Streett & Co. Inc. acquired a new position in shares of Republic Services during the first quarter worth about $40,000. Finally, Claybrook Capital LLC acquired a new position in shares of Republic Services during the fourth quarter worth about $46,000. 60.09% of the stock is owned by institutional investors.
Several research firms recently issued reports on RSG. Zacks Investment Research lowered Republic Services from a “hold” rating to a “sell” rating in a report on Monday, April 15th. UBS Group upped their target price on Republic Services from $79.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. KeyCorp began coverage on Republic Services in a report on Monday, February 4th. They set a “sector weight” rating and a $77.73 target price on the stock. Finally, Stifel Nicolaus lowered Republic Services from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a report on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Republic Services currently has a consensus rating of “Hold” and an average price target of $81.97.
In related news, CEO Donald W. Slager sold 69,966 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $82.66, for a total transaction of $5,783,389.56. Following the sale, the chief executive officer now owns 287,610 shares of the company’s stock, valued at $23,773,842.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ramon A. Rodriguez sold 5,480 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $79.75, for a total value of $437,030.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 151,575 shares of company stock worth $12,472,125. 0.30% of the stock is owned by corporate insiders.
NYSE:RSG traded down $0.50 on Friday, hitting $84.31. The company’s stock had a trading volume of 273,363 shares, compared to its average volume of 1,239,758. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $27.39 billion, a price-to-earnings ratio of 27.28, a P/E/G ratio of 2.77 and a beta of 0.57. Republic Services, Inc. has a one year low of $66.83 and a one year high of $85.40.
Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.50 billion. Republic Services had a return on equity of 12.72% and a net margin of 10.25%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. Equities research analysts expect that Republic Services, Inc. will post 3.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.375 per share. The ex-dividend date is Friday, June 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.78%. Republic Services’s dividend payout ratio (DPR) is currently 48.54%.
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Republic Services Company Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.
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