Desjardins Global Asset Management Inc. Has $60,000 Holdings in Republic Services, Inc. (NYSE:RSG)

Desjardins Global Asset Management Inc. grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 34.6% in the 4th quarter, HoldingsChannel reports. The fund owned 362 shares of the business services provider’s stock after purchasing an additional 93 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Republic Services were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of RSG. FinTrust Capital Advisors LLC lifted its position in Republic Services by 56.3% during the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after acquiring an additional 71 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Republic Services in the fourth quarter valued at approximately $34,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Republic Services in the first quarter valued at approximately $34,000. Millburn Ridgefield Corp acquired a new stake in shares of Republic Services in the third quarter valued at approximately $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Republic Services in the third quarter valued at approximately $36,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Performance

NYSE RSG opened at $189.76 on Friday. The firm’s fifty day moving average price is $185.90 and its two-hundred day moving average price is $168.82. The stock has a market cap of $59.77 billion, a PE ratio of 34.69, a PEG ratio of 3.31 and a beta of 0.68. Republic Services, Inc. has a fifty-two week low of $135.33 and a fifty-two week high of $192.57. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 earnings per share. On average, equities analysts expect that Republic Services, Inc. will post 6.01 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.535 per share. The ex-dividend date was Monday, April 1st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.13%. Republic Services’s payout ratio is presently 39.12%.

Insider Buying and Selling

In related news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $184.10, for a total value of $1,002,608.60. Following the sale, the chief executive officer now owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.09% of the stock is currently owned by insiders.

Analysts Set New Price Targets

RSG has been the subject of a number of analyst reports. Jefferies Financial Group lifted their price target on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, March 18th. The Goldman Sachs Group lifted their price target on shares of Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley downgraded shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price target for the company. in a research report on Friday, March 15th. 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. Finally, Royal Bank of Canada started coverage on shares of Republic Services in a research report on Monday, April 8th. They set a “sector perform” rating and a $198.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $199.77.

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.