Republic Services, Inc. (RSG) Holdings Reduced by Axa
Axa decreased its position in Republic Services, Inc. (NYSE:RSG) by 24.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 246,340 shares of the business services provider’s stock after selling 78,500 shares during the period. Axa owned approximately 0.07% of Republic Services worth $15,699,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wells Fargo & Company MN grew its position in Republic Services by 8.3% in the 2nd quarter. Wells Fargo & Company MN now owns 5,087,694 shares of the business services provider’s stock worth $324,239,000 after purchasing an additional 391,482 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in shares of Republic Services by 5.6% in the second quarter. Edgestream Partners L.P. now owns 7,122 shares of the business services provider’s stock valued at $454,000 after acquiring an additional 376 shares in the last quarter. Eaton Vance Management boosted its holdings in shares of Republic Services by 55.3% in the second quarter. Eaton Vance Management now owns 14,377 shares of the business services provider’s stock valued at $916,000 after acquiring an additional 5,120 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Republic Services in the second quarter valued at approximately $224,000. Finally, Tredje AP fonden boosted its holdings in shares of Republic Services by 24.8% in the second quarter. Tredje AP fonden now owns 79,891 shares of the business services provider’s stock valued at $5,117,000 after acquiring an additional 15,885 shares in the last quarter. Hedge funds and other institutional investors own 60.59% of the company’s stock.
Several research analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Republic Services in a report on Thursday. Zacks Investment Research upgraded shares of Republic Services from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Thursday, May 25th. BidaskClub cut shares of Republic Services from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Republic Services in a report on Friday, August 25th. Finally, KeyCorp reiterated a “hold” rating on shares of Republic Services in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $71.88.
Republic Services, Inc. (NYSE:RSG) opened at 65.46 on Monday. The company has a market capitalization of $22.04 billion, a PE ratio of 33.60 and a beta of 0.60. Republic Services, Inc. has a 12-month low of $49.18 and a 12-month high of $65.58. The stock has a 50 day moving average of $64.60 and a 200 day moving average of $63.54.
Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.59 by $0.02. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the previous year, the company earned $0.55 EPS. Republic Services’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts predict that Republic Services, Inc. will post $2.39 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.345 per share. This is a boost from Republic Services’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, September 29th. This represents a $1.38 annualized dividend and a dividend yield of 2.11%. Republic Services’s payout ratio is currently 65.64%.
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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