Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Republic Services, Inc. (NYSE:RSG – Free Report) by 58.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 12,638 shares of the business services provider’s stock after acquiring an additional 4,684 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Republic Services were worth $2,768,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in RSG. SteelPeak Wealth LLC boosted its stake in shares of Republic Services by 130.0% during the 4th quarter. SteelPeak Wealth LLC now owns 12,386 shares of the business services provider’s stock valued at $2,625,000 after buying an additional 7,001 shares during the last quarter. iA Global Asset Management Inc. increased its stake in shares of Republic Services by 18.5% in the fourth quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock worth $13,606,000 after buying an additional 10,000 shares during the last quarter. Norges Bank acquired a new stake in Republic Services in the fourth quarter valued at $617,165,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Republic Services by 23.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,952 shares of the business services provider’s stock valued at $6,984,000 after acquiring an additional 6,194 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. boosted its stake in Republic Services by 2.0% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 344,535 shares of the business services provider’s stock valued at $73,017,000 after acquiring an additional 6,820 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.
Republic Services Stock Performance
RSG opened at $210.75 on Friday. The business has a 50 day moving average price of $212.57 and a two-hundred day moving average price of $214.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $64.84 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 3.53 and a beta of 0.40. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $238.62.
Republic Services Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be issued a $0.67 dividend. The ex-dividend date is Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio is currently 35.87%.
Analyst Ratings Changes
RSG has been the topic of several research reports. Citigroup upped their price objective on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. UBS Group dropped their price target on Republic Services from $240.00 to $223.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Robert W. Baird reduced their price objective on Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Finally, Barclays lifted their price objective on shares of Republic Services from $227.00 to $233.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $243.89.
View Our Latest Stock Report on Republic Services
Insider Buying and Selling
In other news, Director Sandra M. Volpe sold 1,800 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total transaction of $380,304.00. Following the transaction, the director owned 58 shares in the company, valued at $12,254.24. This represents a 96.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. bought 60,700 shares of the stock in a transaction on Monday, May 18th. The shares were acquired at an average cost of $213.31 per share, for a total transaction of $12,947,917.00. Following the completion of the transaction, the insider directly owned 110,803,982 shares of the company’s stock, valued at approximately $23,635,597,400.42. The trade was a 0.05% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 987,150 shares of company stock valued at $202,366,682 over the last three months. 0.12% of the stock is owned by insiders.
Republic Services Company Profile
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.
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