Republic Services, Inc. $RSG Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP raised its stake in shares of Republic Services, Inc. (NYSE:RSG) by 181.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,271 shares of the business services provider’s stock after acquiring an additional 2,755 shares during the period. GSA Capital Partners LLP’s holdings in Republic Services were worth $905,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Republic Services by 0.3% in the third quarter. Vanguard Group Inc. now owns 19,107,360 shares of the business services provider’s stock valued at $4,384,757,000 after purchasing an additional 49,365 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Republic Services by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider’s stock valued at $711,003,000 after purchasing an additional 409,142 shares during the period. Bank of America Corp DE boosted its stake in shares of Republic Services by 6.0% in the third quarter. Bank of America Corp DE now owns 2,031,005 shares of the business services provider’s stock valued at $466,075,000 after purchasing an additional 114,291 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Republic Services by 5.5% in the second quarter. Ameriprise Financial Inc. now owns 1,458,550 shares of the business services provider’s stock valued at $359,695,000 after purchasing an additional 76,593 shares during the period. Finally, Chilton Investment Co. Inc. boosted its stake in shares of Republic Services by 4.2% in the third quarter. Chilton Investment Co. Inc. now owns 1,353,587 shares of the business services provider’s stock valued at $310,621,000 after purchasing an additional 54,452 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Up 0.4%

Shares of Republic Services stock opened at $208.86 on Friday. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $258.75. The company has a 50 day moving average of $213.03 and a 200 day moving average of $214.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $64.26 billion, a P/E ratio of 29.97, a P/E/G ratio of 3.42 and a beta of 0.43.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, research analysts forecast that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, July 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 36.15%.

Insiders Place Their Bets

In related news, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of the business’s stock in a transaction on Monday, May 18th. The shares were bought at an average price 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 in the company, valued at $23,635,597,400.42. This trade represents a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have purchased a total of 987,150 shares of company stock worth $202,366,682 over the last 90 days. 0.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on RSG shares. UBS Group lowered their price objective on shares of Republic Services from $240.00 to $223.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. Barclays raised their price objective on shares of Republic Services from $227.00 to $233.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Wolfe Research started coverage on shares of Republic Services in a research note on Friday, March 13th. They issued a “peer perform” rating for the company. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Wells Fargo & Company lifted their price target on shares of Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. Eleven research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $245.15.

About Republic Services

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.