Republic Services, Inc. (RSG) Shares Bought by Norinchukin Bank The
Norinchukin Bank The increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 6.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,985 shares of the business services provider’s stock after buying an additional 961 shares during the period. Norinchukin Bank The’s holdings in Republic Services were worth $941,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of RSG. BOKF NA bought a new stake in shares of Republic Services during the third quarter valued at about $224,000. Principal Financial Group Inc. increased its stake in shares of Republic Services by 3.9% in the third quarter. Principal Financial Group Inc. now owns 362,059 shares of the business services provider’s stock valued at $18,267,000 after buying an additional 13,757 shares during the period. RobecoSam USA Inc. increased its stake in shares of Republic Services by 4.1% in the third quarter. RobecoSam USA Inc. now owns 47,869 shares of the business services provider’s stock valued at $2,415,000 after buying an additional 1,879 shares during the period. Transamerica Financial Advisors Inc. increased its stake in shares of Republic Services by 9.9% in the third quarter. Transamerica Financial Advisors Inc. now owns 86,087 shares of the business services provider’s stock valued at $4,344,000 after buying an additional 7,739 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Republic Services by 20.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,077,353 shares of the business services provider’s stock worth $54,353,000 after buying an additional 181,619 shares during the last quarter. Institutional investors and hedge funds own 61.75% of the company’s stock.
Shares of Republic Services, Inc. (RSG) traded down 0.08% during trading on Friday, hitting $64.81. 1,407,535 shares of the stock traded hands. Republic Services, Inc. has a 12 month low of $48.67 and a 12 month high of $65.04. The company has a 50 day moving average price of $63.27 and a 200 day moving average price of $60.58. The firm has a market cap of $21.91 billion, a price-to-earnings ratio of 34.47 and a beta of 0.57.
Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, April 27th. The business services provider reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.02. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Republic Services had a net margin of 6.75% and a return on equity of 10.18%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. Analysts anticipate that Republic Services, Inc. will post $2.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Monday, July 3rd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, June 29th. Republic Services’s payout ratio is presently 68.45%.
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Several analysts recently weighed in on RSG shares. Barclays PLC reissued a “hold” rating and issued a $59.00 price objective on shares of Republic Services in a research note on Friday, April 28th. Wedbush boosted their price objective on shares of Republic Services from $62.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, March 30th. Zacks Investment Research raised shares of Republic Services from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Wednesday, June 7th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Republic Services in a report on Friday, February 17th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.56.
About Republic Services
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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