3,735 Shares in Republic Services, Inc. (NYSE:RSG) Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC bought a new position in shares of Republic Services, Inc. (NYSE:RSGFree Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 3,735 shares of the business services provider’s stock, valued at approximately $532,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Republic Services in the 4th quarter valued at $258,032,000. JPMorgan Chase & Co. raised its stake in Republic Services by 40.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,180,535 shares of the business services provider’s stock worth $835,731,000 after purchasing an additional 1,791,149 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Republic Services by 59.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,317,702 shares of the business services provider’s stock worth $355,002,000 after purchasing an additional 862,917 shares in the last quarter. Invesco Ltd. raised its position in shares of Republic Services by 18.4% in the first quarter. Invesco Ltd. now owns 2,723,076 shares of the business services provider’s stock valued at $360,808,000 after buying an additional 422,281 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Republic Services by 1,185.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 455,412 shares of the business services provider’s stock worth $61,581,000 after acquiring an additional 419,979 shares during the period. 57.23% of the stock is owned by institutional investors.

Republic Services Stock Down 0.9 %

Shares of RSG opened at $172.00 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.58 and a current ratio of 0.58. Republic Services, Inc. has a 52 week low of $124.27 and a 52 week high of $175.35. The stock has a market capitalization of $54.12 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 2.89 and a beta of 0.67. The stock has a fifty day moving average of $166.60 and a 200-day moving average of $155.66.

Republic Services declared that its board has initiated a stock buyback plan on Thursday, October 26th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the business services provider to buy up to 6.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd will be paid a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Monday, April 1st. Republic Services’s payout ratio is 41.39%.

Analyst Ratings Changes

Several research firms have recently issued reports on RSG. Wolfe Research started coverage on Republic Services in a report on Tuesday, October 17th. They set a “peer perform” rating on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Republic Services in a research note on Thursday, February 1st. Citigroup boosted their target price on shares of Republic Services from $178.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. UBS Group upgraded shares of Republic Services from a “neutral” rating to a “buy” rating and increased their price target for the stock from $155.00 to $175.00 in a research report on Monday, October 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $169.33.

Get Our Latest Analysis on RSG

Republic Services Profile

(Free Report)

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States. 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.

Further Reading

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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