6,590 Shares in Republic Services, Inc. $RSG Purchased by AXQ Capital LP

AXQ Capital LP purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,590 shares of the business services provider’s stock, valued at approximately $1,625,000.

Several other large investors have also recently added to or reduced their stakes in RSG. Nuveen LLC acquired a new position in shares of Republic Services in the 1st quarter worth approximately $198,685,000. M&G PLC raised its position in Republic Services by 113.0% in the 2nd quarter. M&G PLC now owns 1,164,656 shares of the business services provider’s stock valued at $287,670,000 after purchasing an additional 617,939 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Republic Services by 118.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider’s stock worth $198,869,000 after purchasing an additional 437,190 shares in the last quarter. National Pension Service grew its holdings in shares of Republic Services by 112.0% during the second quarter. National Pension Service now owns 749,603 shares of the business services provider’s stock worth $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 increased its stake in shares of Republic Services by 27.9% in the first 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 valued at $427,009,000 after buying an additional 384,695 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RSG. Robert W. Baird set a $240.00 price target on shares of Republic Services in a research report on Friday, October 31st. National Bankshares dropped their target price on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. UBS Group decreased their price target on shares of Republic Services from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, October 16th. Raymond James Financial reissued an “outperform” rating and issued a $240.00 price target on shares of Republic Services in a report on Friday, October 31st. Finally, Jefferies Financial Group set a $248.00 price objective on Republic Services and gave the stock a “buy” rating in a report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $250.91.

Republic Services Price Performance

RSG opened at $219.21 on Friday. The company has a fifty day moving average price of $218.89 and a two-hundred day moving average price of $233.99. The firm has a market capitalization of $67.86 billion, a PE ratio of 32.43, 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 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 posted its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.12. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.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 earned $1.81 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. As a group, analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s dividend payout ratio is 37.20%.

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.