Arbejdsmarkedets Tillaegspension Invests $23.55 Million in Republic Services, Inc. $RSG

Arbejdsmarkedets Tillaegspension bought a new position in Republic Services, Inc. (NYSE:RSG) during the fourth quarter, Holdings Channel reports. The firm bought 111,117 shares of the business services provider’s stock, valued at approximately $23,549,000.

Other hedge funds have also recently modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Republic Services in the fourth quarter worth about $25,000. Wealth Watch Advisors INC purchased a new stake in shares of Republic Services in the third quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Republic Services by 121.8% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after buying an additional 67 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Republic Services in the third quarter worth about $29,000. Finally, Sound Income Strategies LLC purchased a new position in Republic Services during the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RSG shares. Robert W. Baird lowered their price target on Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. Morgan Stanley lowered their price target on Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a research report on Monday. Oppenheimer lowered their price target on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. Finally, Weiss Ratings downgraded Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Eleven analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Republic Services currently has a consensus rating of “Hold” and a consensus target price of $245.15.

Republic Services Price Performance

NYSE:RSG opened at $208.67 on Friday. Republic Services, Inc. has a one year low of $196.41 and a one year high of $258.75. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.64 and a current ratio of 0.67. The stock has a market cap of $64.20 billion, a PE ratio of 29.94, a P/E/G ratio of 3.35 and a beta of 0.43. The stock has a 50 day moving average price of $215.14 and a 200 day moving average price of $214.94.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Friday, May 8th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter last year, the firm earned $1.58 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts expect that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.50 annualized dividend and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is 36.15%.

Insider Transactions at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 366,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $202.24 per share, with a total value of $74,019,840.00. Following the completion of the purchase, the insider directly owned 110,315,982 shares in the company, valued at $22,310,304,199.68. The trade was a 0.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders acquired a total of 499,150 shares of company stock worth $100,527,357 over the last ninety days. 0.12% of the stock is owned by company insiders.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.