iSAM Funds UK Ltd Buys Shares of 6,858 Republic Services, Inc. $RSG

iSAM Funds UK Ltd bought a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,858 shares of the business services provider’s stock, valued at approximately $1,691,000.

Other hedge funds also recently modified their holdings of the company. Bowen Hanes & Co. Inc. raised its stake in Republic Services by 7.3% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock valued at $62,772,000 after acquiring an additional 17,280 shares during the period. BNP Paribas Financial Markets raised its position in shares of Republic Services by 10.0% in the first quarter. BNP Paribas Financial Markets now owns 479,222 shares of the business services provider’s stock valued at $116,048,000 after purchasing an additional 43,387 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in shares of Republic Services during the 1st quarter valued at approximately $22,078,000. Ascent Group LLC boosted its holdings in Republic Services by 6.3% in the 2nd quarter. Ascent Group LLC now owns 19,063 shares of the business services provider’s stock worth $4,701,000 after buying an additional 1,130 shares during the period. Finally, Access Investment Management LLC purchased a new position in Republic Services in the 2nd quarter valued at approximately $1,356,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Down 2.4%

Shares of RSG opened at $211.37 on Tuesday. Republic Services, Inc. has a 1-year low of $199.43 and a 1-year high of $258.75. The company has a market capitalization of $65.43 billion, a P/E ratio of 31.45, a P/E/G ratio of 3.47 and a beta of 0.54. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s 50 day simple moving average is $216.30 and its 200 day simple moving average is $231.32.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.12. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the prior year, the firm earned $1.81 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Sell-side analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be given a dividend of $0.625 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is presently 37.20%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Barclays began coverage on Republic Services in a report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price target for the company. Jefferies Financial Group set a $248.00 target price on Republic Services and gave the company a “buy” rating in a report on Monday, November 3rd. Stifel Nicolaus lowered their price target on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 price objective on shares of Republic Services in a research note on Friday, October 31st. Finally, The Goldman Sachs Group assumed coverage on shares of Republic Services in a research note on Monday, November 24th. They issued a “buy” rating and a $255.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $250.45.

About Republic Services

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.