Capital International Inc. CA Purchases 7,083 Shares of Republic Services, Inc. $RSG

Capital International Inc. CA lifted its position in shares of Republic Services, Inc. (NYSE:RSG) by 22.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,283 shares of the business services provider’s stock after purchasing an additional 7,083 shares during the quarter. Capital International Inc. CA’s holdings in Republic Services were worth $8,113,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Watch Advisors INC bought a new position in shares of Republic Services during the third quarter worth $26,000. Laurel Wealth Advisors LLC bought a new position in shares of Republic Services during the fourth quarter worth $25,000. Ameriflex Group Inc. bought a new position in shares of Republic Services during the third quarter worth $29,000. Sound Income Strategies LLC bought a new position in shares of Republic Services during the fourth quarter worth $32,000. Finally, JPL Wealth Management LLC bought a new position in shares of Republic Services during the third quarter worth $50,000. 57.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RSG shares. BMO Capital Markets cut their price objective on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. UBS Group lowered their target price on Republic Services from $240.00 to $223.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Citigroup lowered their target price on Republic Services from $253.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. JPMorgan Chase & Co. increased their target price on Republic Services from $233.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Finally, Royal Bank Of Canada increased their target price on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Eleven investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, Republic Services presently has a consensus rating of “Hold” and a consensus price target of $245.15.

Insider Transactions at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 60,700 shares of the stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of $213.31 per share, for a total transaction of $12,947,917.00. Following the purchase, the insider owned 110,803,982 shares of the company’s stock, valued at approximately $23,635,597,400.42. This represents a 0.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have acquired 987,150 shares of company stock valued at $202,366,682. 0.12% of the stock is currently owned by insiders.

Republic Services Stock Up 0.3%

Shares of RSG stock opened at $210.59 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.11. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $255.47. The firm’s fifty day moving average price is $209.81 and its two-hundred day moving average price is $214.79. The firm has a market capitalization of $64.79 billion, a P/E ratio of 30.21, a PEG ratio of 3.46 and a beta of 0.41.

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

Republic Services Announces Dividend

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

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.