Republic Services, Inc. (NYSE:RSG) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC reduced its stake in Republic Services, Inc. (NYSE:RSG) by 2.7% in the 1st quarter, Holdings Channel reports. The firm owned 9,971 shares of the business services provider’s stock after selling 272 shares during the quarter. Donaldson Capital Management LLC’s holdings in Republic Services were worth $2,415,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Republic Services by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider’s stock valued at $3,740,083,000 after buying an additional 144,719 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Republic Services by 3.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider’s stock valued at $1,259,855,000 after acquiring an additional 218,729 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Republic Services by 10.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider’s stock valued at $1,069,836,000 after acquiring an additional 499,237 shares in the last quarter. Geode Capital Management LLC grew its position in Republic Services by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,565,137 shares of the business services provider’s stock valued at $918,045,000 after acquiring an additional 57,616 shares in the last quarter. Finally, Norges Bank acquired a new stake in Republic Services during the 4th quarter valued at $553,039,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of RSG stock opened at $247.98 on Wednesday. Republic Services, Inc. has a 52 week low of $185.07 and a 52 week high of $258.75. The company has a market cap of $77.49 billion, a P/E ratio of 38.21, a PEG ratio of 3.64 and a beta of 0.63. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The business has a 50 day moving average of $246.41 and a two-hundred day moving average of $229.37.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Wednesday, July 2nd. Republic Services’s payout ratio is 34.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RSG shares. JPMorgan Chase & Co. raised their price target on shares of Republic Services from $229.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, May 23rd. Raymond James restated an “outperform” rating on shares of Republic Services in a research note on Wednesday, April 16th. Wall Street Zen lowered Republic Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Stifel Nicolaus raised their price objective on Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Citigroup raised their price objective on Republic Services from $265.00 to $278.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $252.68.

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.