Republic Services, Inc. (RSG) Holdings Boosted by Lido Advisors LLC
Lido Advisors LLC grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 15.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,672 shares of the business services provider’s stock after buying an additional 1,044 shares during the period. Lido Advisors LLC’s holdings in Republic Services were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of RSG. Riverhead Capital Management LLC raised its position in Republic Services by 52.6% in the 3rd quarter. Riverhead Capital Management LLC now owns 85,191 shares of the business services provider’s stock valued at $6,190,000 after buying an additional 29,370 shares during the last quarter. Cpwm LLC acquired a new stake in Republic Services in the 3rd quarter valued at approximately $242,000. OppenheimerFunds Inc. raised its position in Republic Services by 5.1% in the 3rd quarter. OppenheimerFunds Inc. now owns 2,415,120 shares of the business services provider’s stock valued at $175,483,000 after buying an additional 117,922 shares during the last quarter. Bridgewater Associates LP acquired a new stake in Republic Services in the 3rd quarter valued at approximately $250,000. Finally, CLS Investments LLC raised its position in Republic Services by 6.0% in the 3rd quarter. CLS Investments LLC now owns 32,636 shares of the business services provider’s stock valued at $2,371,000 after buying an additional 1,843 shares during the last quarter. Hedge funds and other institutional investors own 60.02% of the company’s stock.
A number of equities research analysts recently issued reports on RSG shares. Oppenheimer reissued a “hold” rating on shares of Republic Services in a research report on Friday, October 26th. Goldman Sachs Group raised Republic Services to a “hold” rating and set a $79.00 target price on the stock in a research report on Tuesday. Bank of America lifted their target price on Republic Services from $70.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, August 17th. BMO Capital Markets dropped their target price on Republic Services from $79.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, October 26th. Finally, Stifel Nicolaus lifted their target price on Republic Services from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, September 10th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Republic Services currently has a consensus rating of “Hold” and an average target price of $74.38.
NYSE:RSG opened at $74.89 on Friday. The company has a market cap of $24.51 billion, a price-to-earnings ratio of 26.04, a P/E/G ratio of 2.30 and a beta of 0.55. Republic Services, Inc. has a twelve month low of $60.26 and a twelve month high of $78.54. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.95.
Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, October 25th. The business services provider reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.01. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Republic Services had a return on equity of 12.11% and a net margin of 13.90%. Research analysts forecast that Republic Services, Inc. will post 3.06 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, December 31st. Republic Services’s dividend payout ratio (DPR) is 61.73%.
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; supply of waste containers; and renting of compactors.
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