Creative Planning lessened its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 6.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 13,071 shares of the business services provider’s stock after selling 952 shares during the period. Creative Planning’s holdings in Republic Services were worth $942,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of RSG. Schroder Investment Management Group acquired a new stake in Republic Services during the 2nd quarter worth $1,257,000. Bank of New York Mellon Corp boosted its stake in Republic Services by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,599,330 shares of the business services provider’s stock worth $109,330,000 after purchasing an additional 9,301 shares during the last quarter. Bank of Montreal Can boosted its stake in Republic Services by 12.8% during the 3rd quarter. Bank of Montreal Can now owns 662,622 shares of the business services provider’s stock worth $48,145,000 after purchasing an additional 75,236 shares during the last quarter. First Hawaiian Bank acquired a new stake in Republic Services during the 3rd quarter worth $119,000. Finally, Andra AP fonden boosted its stake in Republic Services by 16.1% during the 3rd quarter. Andra AP fonden now owns 132,700 shares of the business services provider’s stock worth $9,642,000 after purchasing an additional 18,400 shares during the last quarter. 60.14% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Republic Services from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Thursday, December 20th. BMO Capital Markets lowered their price target on shares of Republic Services from $79.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, October 26th. UBS Group cut shares of Republic Services from a “buy” rating to a “neutral” rating and lowered their price target for the company from $83.00 to $77.00 in a research report on Thursday, January 10th. Goldman Sachs Group raised shares of Republic Services to a “hold” rating and set a $79.00 price target on the stock in a research report on Tuesday, December 4th. Finally, Oppenheimer reissued a “hold” rating on shares of Republic Services in a research report on Friday, October 26th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $76.59.
Shares of RSG stock opened at $77.57 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.56 and a current ratio of 0.58. The stock has a market cap of $24.89 billion, a PE ratio of 25.10, a PEG ratio of 2.20 and a beta of 0.59. Republic Services, Inc. has a twelve month low of $62.23 and a twelve month high of $78.54.
Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.54 billion. Republic Services had a net margin of 10.33% and a return on equity of 12.84%. Republic Services’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. As a group, analysts forecast that Republic Services, Inc. will post 3.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be issued a $0.375 dividend. The ex-dividend date of this dividend is Friday, March 29th. This represents a $1.50 annualized dividend and a yield of 1.93%. Republic Services’s dividend payout ratio (DPR) is currently 48.54%.
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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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