Republic Services, Inc. (RSG) Shares Bought by Hilton Capital Management LLC
Hilton Capital Management LLC raised its position in Republic Services, Inc. (NYSE:RSG) by 4.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 276,747 shares of the business services provider’s stock after buying an additional 11,299 shares during the period. Republic Services comprises about 3.4% of Hilton Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Hilton Capital Management LLC owned about 0.08% of Republic Services worth $17,382,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Cribstone Capital Management LLC acquired a new position in Republic Services during the first quarter worth $121,000. Parallel Advisors LLC acquired a new position in Republic Services during the fourth quarter worth $120,000. M&R Capital Management Inc. raised its position in Republic Services by 120.0% in the fourth quarter. M&R Capital Management Inc. now owns 2,200 shares of the business services provider’s stock worth $125,000 after buying an additional 1,200 shares during the last quarter. TLP Group LLC acquired a new position in Republic Services during the third quarter worth $125,000. Finally, Independent Advisor Alliance acquired a new position in Republic Services during the fourth quarter worth $173,000. Hedge funds and other institutional investors own 61.75% of the company’s stock.
Republic Services, Inc. (RSG) traded down 0.08% during midday trading on Friday, hitting $64.81. 1,407,535 shares of the stock were exchanged. Republic Services, Inc. has a 12-month low of $48.67 and a 12-month high of $65.04. The firm has a 50 day moving average of $63.27 and a 200-day moving average of $60.58. The stock 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 data on Thursday, April 27th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.36 billion. Republic Services had a net margin of 6.75% and a return on equity of 10.18%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. On average, equities analysts expect that Republic Services, Inc. will post $2.38 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Monday, July 3rd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.98%. Republic Services’s dividend payout ratio is currently 68.45%.
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A number of research firms recently weighed in on RSG. Credit Suisse Group set a $63.00 price target on shares of Republic Services and gave the stock a “hold” rating in a research report on Sunday, April 30th. Zacks Investment Research downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Thursday. Wedbush lifted their target price on shares of Republic Services from $61.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 21st. Finally, Barclays PLC reaffirmed a “hold” rating and set a $59.00 target price on shares of Republic Services in a research note on Friday, April 28th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Republic Services has a consensus rating of “Hold” and an average target price of $66.56.
Republic Services Company 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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