Elo Mutual Pension Insurance Co Has $3.51 Million Stock Position in Republic Services, Inc. $RSG

Elo Mutual Pension Insurance Co boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,231 shares of the business services provider’s stock after purchasing an additional 565 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Republic Services were worth $3,510,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Cranbrook Wealth Management LLC increased its holdings in Republic Services by 1,222.2% in the second quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 110 shares during the last quarter. TCTC Holdings LLC raised its holdings in Republic Services by 113.8% during the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock worth $30,000 after buying an additional 66 shares during the period. Elequin Capital LP bought a new stake in Republic Services in the 1st quarter valued at $30,000. NewSquare Capital LLC lifted its holdings in shares of Republic Services by 68.5% in the second quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 50 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in Republic Services during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of RSG stock opened at $217.51 on Thursday. The firm has a market capitalization of $67.33 billion, a P/E ratio of 32.18, a P/E/G ratio of 3.40 and a beta of 0.57. Republic Services, Inc. has a 52-week low of $199.43 and a 52-week high of $258.75. The stock has a 50 day moving average price of $218.29 and a 200 day moving average price of $233.17. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66.

Republic Services (NYSE:RSG) last issued its earnings results on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.12. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same period last year, the company posted $1.81 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, January 2nd. Republic Services’s dividend payout ratio is presently 37.20%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a research note on Tuesday. Wells Fargo & Company initiated coverage on Republic Services in a report on Thursday, November 13th. They set an “overweight” rating and a $238.00 price target for the company. National Bankshares reduced their price objective on Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a report on Tuesday, October 7th. Citigroup decreased their price target on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Finally, Scotiabank reduced their price target on Republic Services from $250.00 to $246.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.45.

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.