Natixis Advisors LLC Buys 41,141 Shares of Republic Services, Inc. (NYSE:RSG)

by · The Cerbat Gem

Natixis Advisors LLC lifted its position in Republic Services, Inc. (NYSE:RSG – Free Report) by 29.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,905 shares of the business services provider’s stock after acquiring an additional 41,141 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of Republic Services worth $44,292,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RSG. GAMMA Investing LLC boosted its position in Republic Services by 39,024.4% in the first quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider’s stock worth $539,091,000 after purchasing an additional 2,220,487 shares during the last quarter. C WorldWide Group Holding A S purchased a new position in shares of Republic Services in the 1st quarter worth about $230,013,000. Price T Rowe Associates Inc. MD grew its position in Republic Services by 10.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider’s stock valued at $1,069,836,000 after buying an additional 499,237 shares during the period. Alyeska Investment Group L.P. increased its holdings in Republic Services by 170.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 584,345 shares of the business services provider’s stock worth $117,559,000 after buying an additional 368,395 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in Republic Services by 176.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 548,255 shares of the business services provider’s stock worth $110,298,000 after acquiring an additional 350,221 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of research reports. Truist Financial increased their target price on shares of Republic Services from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, April 22nd. UBS Group set a $260.00 target price on Republic Services and gave the company a “neutral” rating in a research note on Wednesday. Morgan Stanley increased their price target on Republic Services from $230.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Friday, April 25th. Melius Research upgraded Republic Services to a “hold” rating and set a $281.00 price objective on the stock in a research note on Monday, June 9th. Finally, Robert W. Baird increased their target price on shares of Republic Services from $232.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.89.

View Our Latest Analysis on Republic Services

Republic Services Price Performance

NYSE:RSG opened at $230.75 on Friday. Republic Services, Inc. has a 52-week low of $192.64 and a 52-week high of $258.75. The stock has a fifty day moving average of $246.25 and a 200 day moving average of $238.22. 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 firm has a market capitalization of $72.11 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 3.54 and a beta of 0.61.

Republic Services (NYSE:RSG – Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.76 by $0.01. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%. Republic Services’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.61 earnings per share. On average, research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Republic Services’s previous quarterly dividend of $0.58. Republic Services’s payout ratio is presently 34.99%.

Republic Services Profile

(Free Report)

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.

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