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

AXQ Capital LP lifted its position in Republic Services, Inc. (NYSE:RSG) by 220.8% in the fourth quarter, Holdings Channel reports. The firm owned 5,732 shares of the business services provider’s stock after acquiring an additional 3,945 shares during the period. AXQ Capital LP’s holdings in Republic Services were worth $1,215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in RSG. CBIZ Investment Advisory Services LLC lifted its position in Republic Services by 11.3% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock worth $94,000 after acquiring an additional 45 shares during the period. ICONIQ Capital LLC lifted its position in Republic Services by 3.3% during the 2nd quarter. ICONIQ Capital LLC now owns 1,558 shares of the business services provider’s stock worth $384,000 after acquiring an additional 50 shares during the period. Prospera Financial Services Inc lifted its position in Republic Services by 1.1% during the 3rd quarter. Prospera Financial Services Inc now owns 4,766 shares of the business services provider’s stock worth $1,094,000 after acquiring an additional 51 shares during the period. Composition Wealth LLC lifted its position in Republic Services by 1.4% during the 4th quarter. Composition Wealth LLC now owns 3,793 shares of the business services provider’s stock worth $804,000 after acquiring an additional 52 shares during the period. Finally, Garner Asset Management Corp lifted its position in Republic Services by 1.2% during the 4th quarter. Garner Asset Management Corp now owns 4,782 shares of the business services provider’s stock worth $1,013,000 after acquiring an additional 55 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Cascade Investment, L.L.C. purchased 60,700 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was bought at an average cost of $213.31 per share, with a total value of $12,947,917.00. Following the completion of the acquisition, the insider directly owned 110,803,982 shares in the company, valued at $23,635,597,400.42. The trade was a 0.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 987,150 shares of company stock worth $202,366,682 in the last quarter. 0.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on RSG shares. JPMorgan Chase & Co. increased their price objective on Republic Services from $233.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Weiss Ratings cut Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Wells Fargo & Company increased their price objective on Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Argus cut Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Wolfe Research assumed coverage on Republic Services in a report on Friday, March 13th. They issued a “peer perform” rating for the company. Eleven analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $245.15.

Republic Services Stock Up 0.2%

RSG opened at $200.91 on Tuesday. The business’s fifty day moving average is $210.67 and its two-hundred day moving average is $214.83. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $61.81 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 3.30 and a beta of 0.41. Republic Services, Inc. has a one year low of $196.41 and a one year high of $258.75.

Republic Services (NYSE:RSG) last posted its earnings results on Friday, May 8th. The business services provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 earnings per share. Analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Announces Dividend

The company 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 dividend on an annualized basis 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.