Raiffeisen Bank International AG Has $1.24 Million Position in Republic Services, Inc. $RSG

Raiffeisen Bank International AG lifted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 16.6% during the 2nd quarter, Holdings Channel reports. The firm owned 5,096 shares of the business services provider’s stock after purchasing an additional 726 shares during the quarter. Raiffeisen Bank International AG’s holdings in Republic Services were worth $1,243,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC grew its position in shares of Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after buying an additional 8,547 shares during the period. Sather Financial Group Inc acquired a new stake in Republic Services in the first quarter worth $206,000. OneAscent Financial Services LLC increased its stake in Republic Services by 21.1% in the first quarter. OneAscent Financial Services LLC now owns 1,201 shares of the business services provider’s stock valued at $293,000 after purchasing an additional 209 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Republic Services by 9.8% during the first quarter. IFP Advisors Inc now owns 1,695 shares of the business services provider’s stock valued at $418,000 after purchasing an additional 151 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its position in shares of Republic Services by 179.8% during the 1st quarter. J.W. Cole Advisors Inc. now owns 5,974 shares of the business services provider’s stock worth $1,447,000 after purchasing an additional 3,839 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Trading Up 2.0%

NYSE:RSG opened at $213.97 on Wednesday. Republic Services, Inc. has a 52 week low of $199.43 and a 52 week high of $258.75. The firm has a 50-day moving average price of $219.57 and a two-hundred day moving average price of $234.44. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market cap of $66.24 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 3.40 and a beta of 0.57.

Republic Services (NYSE:RSG) last released its earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.12. The company had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.Republic Services’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.81 earnings per share. On average, equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

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

Analyst Upgrades and Downgrades

RSG has been the subject of a number of research analyst reports. Jefferies Financial Group set a $248.00 target price on Republic Services and gave the company a “buy” rating in a research report on Monday, November 3rd. Scotiabank reduced their price objective on Republic Services from $250.00 to $246.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. UBS Group lowered their target price on Republic Services from $260.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday, October 16th. JPMorgan Chase & Co. dropped their price objective on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Finally, Barclays started coverage on Republic Services in a research note on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and a consensus target price of $250.91.

Insider Buying and Selling at Republic Services

In related news, EVP Gregg Brummer sold 7,338 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $233.94, for a total value of $1,716,651.72. Following the transaction, the executive vice president directly owned 4,060 shares of the company’s stock, valued at approximately $949,796.40. The trade was a 64.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

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.