Aviso Financial Inc. Has $4.22 Million Stock Position in Republic Services, Inc. $RSG

Aviso Financial Inc. boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 5.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,108 shares of the business services provider’s stock after purchasing an additional 864 shares during the quarter. Aviso Financial Inc.’s holdings in Republic Services were worth $4,219,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RSG. Bowen Hanes & Co. Inc. grew its holdings in Republic Services by 7.3% during the second quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock worth $62,772,000 after purchasing an additional 17,280 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Republic Services by 10.0% during the 1st quarter. BNP Paribas Financial Markets now owns 479,222 shares of the business services provider’s stock worth $116,048,000 after buying an additional 43,387 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Republic Services during the 1st quarter valued at approximately $22,078,000. Ascent Group LLC grew its position in Republic Services by 6.3% during the 2nd quarter. Ascent Group LLC now owns 19,063 shares of the business services provider’s stock worth $4,701,000 after acquiring an additional 1,130 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. boosted its position in Republic Services by 61.1% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 28,413 shares of the business services provider’s stock worth $7,007,000 after buying an additional 10,775 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. National Bankshares dropped 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 report on Tuesday, October 7th. Oppenheimer set a $256.00 target price on Republic Services in a research note on Friday, October 31st. BMO Capital Markets boosted their price objective on Republic Services from $280.00 to $284.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. UBS Group lowered their price target on shares of Republic Services from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, October 16th. Finally, Stifel Nicolaus decreased their price objective on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $250.45.

Republic Services Trading Down 1.9%

NYSE RSG opened at $214.90 on Tuesday. Republic Services, Inc. has a fifty-two week low of $199.43 and a fifty-two 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. The stock has a 50 day simple moving average of $218.62 and a two-hundred day simple moving average of $233.50. The stock has a market cap of $66.52 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 3.40 and a beta of 0.57.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.78 by $0.12. The business had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. Republic Services’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $1.81 earnings per share. On average, analysts forecast 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. Investors of record on Friday, January 2nd will be paid a $0.625 dividend. The ex-dividend date 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%.

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.