Eurizon Capital SGR S.p.A. Invests $13.63 Million in Republic Services, Inc. $RSG

Eurizon Capital SGR S.p.A. purchased a new position in Republic Services, Inc. (NYSE:RSG) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 64,247 shares of the business services provider’s stock, valued at approximately $13,626,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Watch Advisors INC bought a new stake in shares of Republic Services during the third quarter worth $26,000. Laurel Wealth Advisors LLC bought a new stake in shares of Republic Services during the fourth quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Republic Services by 121.8% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Ameriflex Group Inc. bought a new stake in shares of Republic Services during the third quarter worth $29,000. Finally, Sound Income Strategies LLC bought a new stake in shares of Republic Services during the fourth quarter worth $32,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Trading Down 0.1%

RSG opened at $200.32 on Monday. The stock’s fifty day moving average is $211.11 and its two-hundred day moving average is $214.88. The company has a market capitalization of $61.63 billion, a P/E ratio of 28.74, a PEG ratio of 3.30 and a beta of 0.41. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $258.75. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.11.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Friday, May 8th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $4.11 billion for 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 quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the business posted $1.58 EPS. Analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, July 2nd. Republic Services’s dividend payout ratio (DPR) is 36.15%.

Analysts Set New Price Targets

Several research firms have recently weighed in on RSG. Wells Fargo & Company lifted their target price on Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Wolfe Research assumed coverage on Republic Services in a report on Friday, March 13th. They set a “peer perform” rating on the stock. Weiss Ratings downgraded Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Citigroup reduced their price objective on Republic Services from $253.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Morgan Stanley reduced their price objective on Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Eleven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $245.15.

Insider Transactions at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. bought 60,700 shares of the company’s stock in a transaction on Monday, May 18th. The shares were acquired at an average price 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 $23,635,597,400.42. The trade was a 0.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders acquired 987,150 shares of company stock worth $202,366,682. 0.12% of the stock is currently owned by company insiders.

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.