Gulf International Bank UK Ltd raised its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 4.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 53,053 shares of the business services provider’s stock after purchasing an additional 2,300 shares during the period. Gulf International Bank UK Ltd’s holdings in Republic Services were worth $4,264,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. FTB Advisors Inc. purchased a new position in shares of Republic Services in the 4th quarter worth approximately $25,000. Dubuque Bank & Trust Co. grew its position in shares of Republic Services by 74.5% in the 1st quarter. Dubuque Bank & Trust Co. now owns 480 shares of the business services provider’s stock worth $38,000 after buying an additional 205 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Republic Services by 13,200.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,319,168 shares of the business services provider’s stock worth $46,000 after buying an additional 3,294,212 shares during the last quarter. Claybrook Capital LLC purchased a new position in shares of Republic Services in the 4th quarter worth approximately $46,000. Finally, Capital Investment Advisory Services LLC purchased a new position in shares of Republic Services in the 4th quarter worth approximately $67,000. 60.75% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on RSG shares. Zacks Investment Research raised shares of Republic Services from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Stifel Nicolaus downgraded shares of Republic Services from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a research report on Thursday, April 11th. UBS Group lifted their price objective on shares of Republic Services from $79.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Finally, KeyCorp started coverage on shares of Republic Services in a research report on Monday, February 4th. They issued a “sector weight” rating and a $77.73 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $79.10.
Republic Services (NYSE:RSG) last released its earnings results on Thursday, February 7th. The business services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. As a group, equities research analysts forecast that Republic Services, Inc. will post 3.24 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Friday, March 29th. Republic Services’s dividend payout ratio (DPR) is presently 48.54%.
In related news, EVP Jeffrey A. Hughes sold 10,118 shares of Republic Services stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $80.40, for a total value of $813,487.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tomago Collins sold 4,102 shares of Republic Services stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $80.59, for a total transaction of $330,580.18. Following the completion of the sale, the director now owns 14,821 shares of the company’s stock, valued at $1,194,424.39. The disclosure for this sale can be found here. Insiders sold a total of 19,700 shares of company stock valued at $1,581,097 over the last quarter. 0.30% of the stock is owned by company insiders.
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About Republic Services
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, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.
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