104,412 Shares in Republic Services, Inc. $RSG Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 104,412 shares of the business services provider’s stock, valued at approximately $22,128,000.

Other large investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new stake in Republic Services during the 4th quarter worth about $25,000. Wealth Watch Advisors INC purchased a new position in Republic Services during the 3rd quarter worth approximately $26,000. Ameriflex Group Inc. acquired a new stake in Republic Services during the 3rd quarter worth approximately $29,000. Sound Income Strategies LLC acquired a new stake in shares of Republic Services in the 4th quarter valued at approximately $32,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Republic Services in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays lifted their price objective on Republic Services from $227.00 to $233.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. JPMorgan Chase & Co. lifted their price objective on Republic Services from $233.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Citigroup reduced their price objective on Republic Services from $253.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. UBS Group reduced their price objective on Republic Services from $240.00 to $223.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada lifted their price objective on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $243.26.

Republic Services Stock Performance

Republic Services stock opened at $209.30 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a fifty day moving average of $208.25 and a two-hundred day moving average of $214.39. The company has a market capitalization of $64.39 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 3.42 and a beta of 0.41. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $251.17.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.10 billion. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.Republic Services’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 earnings per share. On average, analysts anticipate that Republic Services, Inc. will post 7.28 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be given a $0.625 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services’s payout ratio is currently 36.15%.

Insiders Place Their Bets

In other news, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the completion of the sale, the director owned 58 shares of the company’s stock, valued at $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of the stock in a transaction dated Monday, May 18th. The stock was acquired at an average cost of $213.31 per share, with a total value of $12,947,917.00. Following the transaction, the insider owned 110,803,982 shares of the company’s stock, valued at approximately $23,635,597,400.42. This trade represents a 0.05% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 987,150 shares of company stock valued at $202,366,682. Company insiders own 0.12% of the company’s stock.

About Republic Services

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.