Raiffeisen Bank International AG Has $1.24 Million Holdings in Republic Services, Inc. $RSG

Raiffeisen Bank International AG boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 16.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,096 shares of the business services provider’s stock after buying an additional 726 shares during the period. Raiffeisen Bank International AG’s holdings in Republic Services were worth $1,243,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in RSG. Nuveen LLC acquired a new stake in shares of Republic Services during the 1st quarter worth approximately $198,685,000. M&G PLC lifted its stake in Republic Services by 113.0% during the second quarter. M&G PLC now owns 1,164,656 shares of the business services provider’s stock worth $287,670,000 after purchasing an additional 617,939 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Republic Services by 118.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider’s stock valued at $198,869,000 after purchasing an additional 437,190 shares in the last quarter. National Pension Service increased its stake in shares of Republic Services by 112.0% in the 2nd quarter. National Pension Service now owns 749,603 shares of the business services provider’s stock valued at $184,860,000 after purchasing an additional 396,041 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Republic Services by 27.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,763,333 shares of the business services provider’s stock worth $427,009,000 after buying an additional 384,695 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Trading Up 2.0%

RSG opened at $213.97 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. Republic Services, Inc. has a fifty-two week low of $199.43 and a fifty-two week high of $258.75. The company’s 50 day moving average price is $219.57 and its two-hundred day moving average price is $234.44. The firm has a market capitalization of $66.24 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 3.40 and a beta of 0.57.

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

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be paid a $0.625 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio is presently 37.20%.

Insider Buying and Selling

In other Republic Services news, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the completion of the sale, the executive vice president owned 4,060 shares of the company’s stock, valued at approximately $949,796.40. This represents a 64.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RSG. Jefferies Financial Group set a $248.00 target price on Republic Services and gave the company a “buy” rating in a research report on Monday, November 3rd. National Bankshares reduced their price target on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 7th. JPMorgan Chase & Co. lowered their price objective on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Republic Services in a research note on Thursday, November 13th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 target price on shares of Republic Services in a research note on Friday, October 31st. Two equities research 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. According to MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $250.91.

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.