AEGON ASSET MANAGEMENT UK Plc Purchases 55,117 Shares of Republic Services, Inc. (NYSE:RSG)

AEGON ASSET MANAGEMENT UK Plc increased its position in Republic Services, Inc. (NYSE:RSG) by 27.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 255,332 shares of the business services provider’s stock after purchasing an additional 55,117 shares during the quarter. Republic Services makes up about 0.9% of AEGON ASSET MANAGEMENT UK Plc’s investment portfolio, making the stock its 28th largest holding. AEGON ASSET MANAGEMENT UK Plc owned about 0.08% of Republic Services worth $61,880,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Arcadia Investment Management Corp MI lifted its holdings in shares of Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 88 shares during the last quarter. R Squared Ltd purchased a new position in Republic Services during the fourth quarter valued at $32,000. New Age Alpha Advisors LLC boosted its holdings in Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock worth $36,000 after acquiring an additional 73 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Republic Services in the fourth quarter worth $44,000. Finally, Generali Asset Management SPA SGR bought a new position in shares of Republic Services during the fourth quarter valued at $45,000. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price target on shares of Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $266.00 target price on shares of Republic Services in a report on Friday, April 25th. CIBC raised Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price target on the stock in a report on Tuesday, March 4th. Seaport Res Ptn upgraded Republic Services to a “strong-buy” rating in a report on Tuesday, May 6th. Finally, Scotiabank upped their target price on shares of Republic Services from $233.00 to $250.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.44.

Republic Services Price Performance

Republic Services stock opened at $258.04 on Tuesday. Republic Services, Inc. has a 12-month low of $183.81 and a 12-month high of $258.70. 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 firm has a 50-day moving average price of $245.28 and a 200-day moving average price of $227.82. The firm has a market capitalization of $80.64 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66.

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

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services’s payout ratio is presently 34.99%.

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.