Vise Technologies Inc. Has $2.06 Million Stock Position in Republic Services, Inc. $RSG

Vise Technologies Inc. increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 69.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,714 shares of the business services provider’s stock after buying an additional 3,970 shares during the period. Vise Technologies Inc.’s holdings in Republic Services were worth $2,059,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in RSG. Norges Bank acquired a new position in Republic Services during the 4th quarter valued at about $617,165,000. SG Americas Securities LLC lifted its position in Republic Services by 1,337.9% during the 4th quarter. SG Americas Securities LLC now owns 575,637 shares of the business services provider’s stock valued at $121,995,000 after purchasing an additional 535,603 shares during the period. Man Group plc lifted its position in Republic Services by 380.1% during the 3rd quarter. Man Group plc now owns 667,603 shares of the business services provider’s stock valued at $153,202,000 after purchasing an additional 528,540 shares during the period. BNP Paribas Financial Markets lifted its position in Republic Services by 93.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 907,735 shares of the business services provider’s stock valued at $208,307,000 after purchasing an additional 438,219 shares during the period. Finally, Caisse de depot et placement du Quebec lifted its position in Republic Services by 49.1% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,326,827 shares of the business services provider’s stock valued at $304,480,000 after purchasing an additional 437,166 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $210.59 on Monday. The company has a market capitalization of $64.79 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 3.46 and a beta of 0.41. The firm’s 50 day simple moving average is $209.81 and its 200 day simple moving average is $214.79. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.67. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $255.47.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.10 billion. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. Republic Services’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the company posted $1.58 EPS. As a group, sell-side analysts forecast that Republic Services, Inc. will post 7.28 earnings per share for the current year.

Republic Services Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. UBS Group cut their target price on shares of Republic Services from $240.00 to $223.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Royal Bank Of Canada upped their target price on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Citigroup cut their target price on shares of Republic Services from $253.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. BMO Capital Markets cut their price target on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Finally, Weiss Ratings downgraded shares of Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Eleven research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $245.15.

Insider Buying and Selling

In related news, major shareholder Cascade Investment, L.L.C. bought 60,700 shares of the company’s stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of $213.31 per share, for a total transaction of $12,947,917.00. Following the acquisition, the insider owned 110,803,982 shares of the company’s stock, valued at approximately $23,635,597,400.42. This represents a 0.05% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have purchased 987,150 shares of company stock worth $202,366,682. Company insiders own 0.12% of the company’s stock.

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.