Evexia Wealth LLC Reduces Holdings in Republic Services, Inc. (NYSE:RSG)

Evexia Wealth LLC reduced its stake in Republic Services, Inc. (NYSE:RSG) by 1.2% during the first quarter, Holdings Channel.com reports. The fund owned 44,015 shares of the business services provider’s stock after selling 539 shares during the quarter. Republic Services makes up 3.8% of Evexia Wealth LLC’s investment portfolio, making the stock its 8th biggest position. Evexia Wealth LLC’s holdings in Republic Services were worth $10,531,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Generali Investments Management Co LLC grew its stake in Republic Services by 57.1% in the 1st quarter. Generali Investments Management Co LLC now owns 1,043 shares of the business services provider’s stock worth $253,000 after acquiring an additional 379 shares in the last quarter. Retireful LLC bought a new position in shares of Republic Services during the first quarter valued at approximately $477,000. Secure Asset Management LLC bought a new position in shares of Republic Services during the first quarter valued at approximately $298,000. Portside Wealth Group LLC boosted its stake in shares of Republic Services by 2.5% during the first quarter. Portside Wealth Group LLC now owns 6,096 shares of the business services provider’s stock valued at $1,476,000 after purchasing an additional 150 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its stake in shares of Republic Services by 27.5% during the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 255,332 shares of the business services provider’s stock valued at $61,880,000 after purchasing an additional 55,117 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Trading Down 0.1%

NYSE:RSG opened at $252.93 on Friday. Republic Services, Inc. has a 12 month low of $185.07 and a 12 month high of $258.75. The firm has a fifty day simple moving average of $246.33 and a 200-day simple moving average of $228.80. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $79.04 billion, a P/E ratio of 38.97, a PEG ratio of 3.64 and a beta of 0.63.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.53 by $0.05. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.92%. Republic Services’s dividend payout ratio (DPR) is presently 34.99%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RSG shares. National Bank Financial upgraded shares of Republic Services to a “hold” rating in a research note on Monday, May 26th. Raymond James reiterated an “outperform” rating on shares of Republic Services in a research note on Wednesday, April 16th. Robert W. Baird increased their price objective on shares of Republic Services from $232.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Cibc World Mkts upgraded shares of Republic Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Finally, Morgan Stanley raised their target price on shares of Republic Services from $230.00 to $245.00 and gave the company an “equal weight” rating in a research note on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $250.44.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.