Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $6.21 Million Position in Republic Services, Inc. $RSG

Fideuram Intesa Sanpaolo Private Banking S.P.A. cut its stake in Republic Services, Inc. (NYSE:RSG) by 12.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,378 shares of the business services provider’s stock after selling 4,151 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Republic Services were worth $6,215,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new position in Republic Services in the 4th quarter worth about $25,000. Wealth Watch Advisors INC acquired a new stake in Republic Services in the third quarter valued at approximately $26,000. Ameriflex Group Inc. acquired a new stake in Republic Services in the third quarter valued at approximately $29,000. Prosperity Bancshares Inc acquired a new position in shares of Republic Services during the 4th quarter worth $30,000. Finally, Sound Income Strategies LLC bought a new position in shares of Republic Services during the 4th quarter valued at $32,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wolfe Research assumed coverage on shares of Republic Services in a research report on Friday, March 13th. They set a “peer perform” rating on the stock. Argus cut Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Royal Bank Of Canada increased their price target on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Citigroup reduced their price objective on shares of Republic Services from $253.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, Weiss Ratings downgraded shares of Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $243.26.

Republic Services Trading Up 1.2%

Shares of RSG stock opened at $217.27 on Friday. The firm has a market capitalization of $66.85 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 3.53 and a beta of 0.40. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $246.25. The firm’s fifty day simple moving average is $207.83 and its 200 day simple moving average is $214.21. 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 (NYSE:RSG) last posted its quarterly earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same period last year, the business posted $1.58 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts predict that Republic Services, Inc. will post 7.28 EPS for the current year.

Republic Services Dividend Announcement

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

Insider Activity

In other news, major shareholder Cascade Investment, L.L.C. acquired 366,000 shares of Republic Services stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $202.24 per share, for a total transaction of $74,019,840.00. Following the transaction, the insider owned 110,315,982 shares of the company’s stock, valued at $22,310,304,199.68. The trade was a 0.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sandra M. Volpe sold 1,800 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the completion of the transaction, the director directly owned 58 shares of the company’s stock, valued at approximately $12,254.24. This trade represents a 96.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have purchased 987,150 shares of company stock worth $202,366,682 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Republic Services Profile

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.