Headinvest LLC Reduces Position in Republic Services, Inc. (NYSE:RSG)

Headinvest LLC cut its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,343 shares of the business services provider’s stock after selling 132 shares during the period. Headinvest LLC’s holdings in Republic Services were worth $874,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Focus Partners Advisor Solutions LLC boosted its holdings in shares of Republic Services by 49.1% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 1,572 shares of the business services provider’s stock worth $316,000 after purchasing an additional 518 shares during the last quarter. PharVision Advisers LLC purchased a new position in Republic Services during the fourth quarter worth approximately $539,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Republic Services by 8.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,378,638 shares of the business services provider’s stock valued at $277,354,000 after buying an additional 108,414 shares in the last quarter. Waverly Advisors LLC raised its stake in Republic Services by 50.5% during the fourth quarter. Waverly Advisors LLC now owns 3,950 shares of the business services provider’s stock worth $795,000 after purchasing an additional 1,325 shares during the period. Finally, Worldquant Millennium Advisors LLC purchased a new stake in Republic Services in the 4th quarter valued at about $3,113,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 0.0%

Shares of Republic Services stock opened at $252.21 on Thursday. The company has a fifty day simple moving average of $242.25 and a 200-day simple moving average of $225.03. Republic Services, Inc. has a 12-month low of $180.92 and a 12-month high of $253.54. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The stock has a market cap of $78.82 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 3.64 and a beta of 0.66.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 earnings per share. On average, equities analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.92%. Republic Services’s payout ratio is 34.99%.

Analysts Set New Price Targets

Several research analysts have weighed in on RSG shares. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a research note on Friday, April 25th. CIBC raised shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price objective for the company in a research report on Tuesday, March 4th. Cibc World Mkts raised Republic Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Scotiabank lifted their price objective on Republic Services from $233.00 to $250.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 8th. Finally, UBS Group boosted their price target on shares of Republic Services from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, April 11th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $249.00.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.