UniSuper Management Pty Ltd Trims Stock Position in Republic Services, Inc. $RSG

UniSuper Management Pty Ltd cut its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,572 shares of the business services provider’s stock after selling 30,704 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Republic Services were worth $29,156,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in RSG. Wealth Watch Advisors INC purchased a new position in shares of Republic Services in the 3rd quarter worth about $26,000. Laurel Wealth Advisors LLC purchased a new position in shares of Republic Services in the 4th quarter worth about $25,000. Ameriflex Group Inc. purchased a new position in shares of Republic Services in the 3rd quarter worth about $29,000. Sound Income Strategies LLC purchased a new position in shares of Republic Services in the 4th quarter worth about $32,000. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of Republic Services in the 4th quarter worth about $32,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on RSG. Royal Bank Of Canada raised their price objective on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. UBS Group cut their price objective on Republic Services from $240.00 to $223.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Wolfe Research started coverage on Republic Services in a research note on Friday, March 13th. They issued a “peer perform” rating for the company. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, BMO Capital Markets lowered their target price on Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Eleven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and an average price target of $243.26.

Republic Services Price Performance

RSG stock opened at $208.30 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.67 and a current ratio of 0.67. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $253.38. The firm has a market cap of $64.09 billion, a P/E ratio of 29.89, a price-to-earnings-growth ratio of 3.50 and a beta of 0.41. The stock has a 50-day simple moving average of $209.05 and a 200-day simple moving average of $214.55.

Republic Services (NYSE:RSG) last posted its earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the firm earned $1.58 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts predict that Republic Services, Inc. will post 7.28 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Thursday, July 2nd. This represents a $2.50 annualized dividend and a yield of 1.2%. Republic Services’s payout ratio is currently 35.87%.

Insider Activity at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of the company’s stock in a transaction on Monday, May 18th. The shares were bought at an average cost of $213.31 per share, for a total transaction of $12,947,917.00. Following the acquisition, the insider directly owned 110,803,982 shares of the company’s stock, valued at $23,635,597,400.42. This trade represents a 0.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the sale, the director owned 58 shares in the company, valued at $12,254.24. This represents a 96.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired a total of 987,150 shares of company stock worth $202,366,682 over the last 90 days. 0.12% of the stock is owned by company insiders.

Republic Services Profile

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.