Fiera Capital Corp lowered its stake in Republic Services, Inc. (NYSE:RSG) by 41.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 9,140 shares of the business services provider’s stock after selling 6,460 shares during the period. Fiera Capital Corp’s holdings in Republic Services were worth $735,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FTB Advisors Inc. bought a new position in Republic Services in the 4th quarter worth about $25,000. Dubuque Bank & Trust Co. lifted its stake in shares of Republic Services by 74.5% in the 1st quarter. Dubuque Bank & Trust Co. now owns 480 shares of the business services provider’s stock worth $38,000 after acquiring an additional 205 shares during the period. CWM LLC lifted its stake in shares of Republic Services by 109.9% in the 1st quarter. CWM LLC now owns 468 shares of the business services provider’s stock worth $38,000 after acquiring an additional 245 shares during the period. Duncker Streett & Co. Inc. acquired a new stake in Republic Services during the first quarter valued at approximately $40,000. Finally, Oregon Public Employees Retirement Fund lifted its stake in Republic Services by 13,200.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,319,168 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 3,294,212 shares during the last quarter. 58.82% of the stock is owned by institutional investors.
Shares of Republic Services stock traded up $0.06 during trading hours on Friday, hitting $86.64. 1,211,916 shares of the company’s stock traded hands, compared to its average volume of 1,201,662. The stock’s fifty day moving average is $85.52. Republic Services, Inc. has a 12-month low of $67.48 and a 12-month high of $87.78. The stock has a market capitalization of $27.49 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 2.79 and a beta of 0.53. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.42 and a quick ratio of 0.42.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Friday, June 28th. Republic Services’s payout ratio is presently 48.54%.
In other news, CEO Donald W. Slager sold 69,966 shares of Republic Services stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $82.66, for a total transaction of $5,783,389.56. Following the completion of the sale, the chief executive officer now owns 287,610 shares in the company, valued at approximately $23,773,842.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Ark Jon Vander sold 19,278 shares of Republic Services stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $82.33, for a total value of $1,587,157.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,875 shares of company stock valued at $10,891,028. Corporate insiders own 0.30% of the company’s stock.
Several analysts recently commented on RSG shares. Zacks Investment Research lowered shares of Republic Services from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. UBS Group upped their price target on shares of Republic Services from $79.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Stifel Nicolaus downgraded shares of Republic Services from a “buy” rating to a “hold” rating and set a $86.00 price target for the company. in a research report on Thursday, April 11th. Royal Bank of Canada initiated coverage on shares of Republic Services in a research report on Wednesday, May 1st. They issued a “sector perform” rating and a $87.00 price target for the company. Finally, Bank of America reaffirmed a “neutral” rating and issued a $85.00 price objective (up previously from $79.00) on shares of Republic Services in a research note on Friday, April 26th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Republic Services has an average rating of “Hold” and a consensus price target of $81.97.
About Republic Services
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.
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