Twinbeech Capital LP Has $5.12 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Twinbeech Capital LP lowered its stake in Republic Services, Inc. (NYSE:RSG) by 27.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 25,432 shares of the business services provider’s stock after selling 9,849 shares during the period. Twinbeech Capital LP’s holdings in Republic Services were worth $5,116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of RSG. Norges Bank acquired a new position in shares of Republic Services during the 4th quarter worth approximately $553,039,000. Raymond James Financial Inc. bought a new stake in shares of Republic Services during the 4th quarter worth approximately $184,827,000. Price T Rowe Associates Inc. MD raised its stake in shares of Republic Services by 10.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider’s stock worth $1,069,836,000 after purchasing an additional 499,237 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Republic Services by 170.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 584,345 shares of the business services provider’s stock worth $117,559,000 after purchasing an additional 368,395 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in shares of Republic Services by 176.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 548,255 shares of the business services provider’s stock worth $110,298,000 after purchasing an additional 350,221 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Up 0.7%

RSG stock opened at $252.10 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The stock has a market capitalization of $78.78 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 3.64 and a beta of 0.66. The business’s fifty day moving average price is $241.85 and its two-hundred day moving average price is $224.84. Republic Services, Inc. has a fifty-two week low of $180.92 and a fifty-two week high of $253.54.

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

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services’s payout ratio is 34.99%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RSG. BMO Capital Markets upped their price objective on Republic Services from $260.00 to $268.00 and gave the stock an “outperform” rating in a research note on Friday, April 25th. Raymond James reiterated an “outperform” rating on shares of Republic Services in a research note on Wednesday, April 16th. CIBC upgraded Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price objective on the stock in a research note on Tuesday, March 4th. Jefferies Financial Group upped their price objective on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Citigroup increased their price target on Republic Services from $265.00 to $278.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $249.00.

Republic Services 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.