WINTON GROUP Ltd Purchases New Holdings in Republic Services, Inc. $RSG

WINTON GROUP Ltd bought a new position in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, HoldingsChannel reports. The fund bought 20,244 shares of the business services provider’s stock, valued at approximately $4,992,000.

A number of other hedge funds have also made changes to their positions in RSG. Norges Bank purchased a new position in shares of Republic Services during the 2nd quarter valued at $690,313,000. Nuveen LLC acquired a new position in Republic Services in the 1st quarter worth about $198,685,000. M&G PLC raised its stake in shares of Republic Services by 113.0% during the 2nd quarter. M&G PLC now owns 1,164,656 shares of the business services provider’s stock worth $287,670,000 after purchasing an additional 617,939 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Republic Services by 118.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider’s stock valued at $198,869,000 after buying an additional 437,190 shares in the last quarter. Finally, Invesco Ltd. raised its position in Republic Services by 21.3% during the second quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock valued at $573,443,000 after acquiring an additional 408,885 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RSG. Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a report on Monday, December 1st. Citigroup lowered their price objective on Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Oppenheimer set a $256.00 target price on Republic Services in a report on Friday, October 31st. Scotiabank dropped their price target on shares of Republic Services from $250.00 to $246.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Finally, Robert W. Baird set a $240.00 target price on shares of Republic Services in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and an average price target of $250.45.

Republic Services Stock Up 0.6%

Shares of RSG opened at $216.49 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average price of $216.65 and a two-hundred day moving average price of $231.59. The stock has a market cap of $67.02 billion, a price-to-earnings ratio of 32.22, a P/E/G ratio of 3.47 and a beta of 0.54. Republic Services, Inc. has a 12 month low of $199.43 and a 12 month high of $258.75.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.12. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.The firm had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same period in the prior year, the company posted $1.81 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, January 2nd. Republic Services’s dividend payout ratio is currently 37.20%.

Republic Services Company Profile

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.