BROOKFIELD Corp ON Increases Holdings in Republic Services, Inc. $RSG

BROOKFIELD Corp ON raised its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 68.4% in the first quarter, HoldingsChannel reports. The firm owned 22,502 shares of the business services provider’s stock after buying an additional 9,143 shares during the quarter. BROOKFIELD Corp ON’s holdings in Republic Services were worth $4,928,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC raised its holdings in shares of Republic Services by 11.3% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock valued at $94,000 after acquiring an additional 45 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its position in Republic Services by 0.5% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock valued at $2,216,000 after purchasing an additional 48 shares during the period. Williams Jones Wealth Management LLC. raised its holdings in Republic Services by 2.6% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock worth $408,000 after purchasing an additional 49 shares in the last quarter. AlphaCentric Advisors LLC lifted its position in shares of Republic Services by 5.9% in the 1st quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock worth $198,000 after purchasing an additional 50 shares during the period. Finally, ICONIQ Capital LLC boosted its stake in shares of Republic Services by 3.3% during the 2nd quarter. ICONIQ Capital LLC now owns 1,558 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 50 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RSG. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a research report on Friday, May 8th. Argus cut Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Robert W. Baird dropped their price target on Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. Citigroup upped their price target on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, UBS Group lowered their price objective on Republic Services from $240.00 to $223.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $243.89.

Republic Services Trading Down 0.1%

NYSE RSG opened at $216.79 on Monday. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $246.25. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.11. The stock’s fifty day moving average price is $212.24 and its 200-day moving average price is $214.86. The stock has a market cap of $66.70 billion, a P/E ratio of 31.10, a P/E/G ratio of 3.63 and a beta of 0.40.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.10 billion. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.Republic Services’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 EPS. As a group, equities analysts forecast that Republic Services, Inc. will post 7.29 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd were paid a $0.625 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services’s payout ratio is currently 35.87%.

Republic Services Company 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.