Nuveen Asset Management LLC decreased its stake in shares of Republic Services (NYSE:RSG) by 93.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,032 shares of the business services provider’s stock after selling 98,469 shares during the quarter. Nuveen Asset Management LLC’s holdings in Republic Services were worth $466,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Signaturefd LLC bought a new position in shares of Republic Services during the first quarter worth $149,000. Tower Research Capital LLC TRC boosted its position in shares of Republic Services by 1,070.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,937 shares of the business services provider’s stock worth $199,000 after acquiring an additional 2,686 shares during the last quarter. Focused Wealth Management Inc bought a new position in shares of Republic Services during the fourth quarter worth $199,000. Schroder Investment Management Group boosted its position in shares of Republic Services by 41.4% during the fourth quarter. Schroder Investment Management Group now owns 3,104 shares of the business services provider’s stock worth $210,000 after acquiring an additional 909 shares during the last quarter. Finally, HBK Investments L P bought a new position in shares of Republic Services during the fourth quarter worth $223,000. Hedge funds and other institutional investors own 60.17% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Republic Services from a “hold” rating to a “sell” rating in a research report on Monday, April 16th. Argus upgraded shares of Republic Services from a “hold” rating to a “buy” rating in a research report on Thursday, May 10th. UBS Group assumed coverage on shares of Republic Services in a research report on Wednesday, March 14th. They set a “buy” rating and a $78.00 target price for the company. Oppenheimer restated a “hold” rating on shares of Republic Services in a research report on Thursday, May 3rd. Finally, Raymond James lowered shares of Republic Services from a “strong-buy” rating to a “market perform” rating and set a $72.00 price objective for the company. in a research report on Wednesday, April 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $72.14.
Republic Services traded down $0.49, hitting $68.36, during trading on Friday, Marketbeat reports. 1,502,715 shares of the company’s stock traded hands, compared to its average volume of 1,653,839. Republic Services has a 52 week low of $60.26 and a 52 week high of $69.97. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $22.37 billion, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 2.00 and a beta of 0.55.
Republic Services (NYSE:RSG) last released its quarterly earnings data on Wednesday, May 2nd. The business services provider reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.06. Republic Services had a net margin of 13.18% and a return on equity of 11.29%. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the business earned $0.55 earnings per share. Republic Services’s quarterly revenue was up 1.4% compared to the same quarter last year. analysts anticipate that Republic Services will post 3.07 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Monday, July 2nd will be issued a $0.345 dividend. The ex-dividend date of this dividend is Friday, June 29th. This represents a $1.38 annualized dividend and a dividend yield of 2.02%. Republic Services’s dividend payout ratio (DPR) is presently 56.79%.
In other news, EVP Jeffrey A. Hughes sold 16,200 shares of the firm’s stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $68.00, for a total value of $1,101,600.00. Following the completion of the sale, the executive vice president now owns 16,200 shares in the company, valued at approximately $1,101,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.
Republic Services Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations; supply of waste containers; and renting of compactors.
Receive News & Ratings for Republic Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services and related companies with MarketBeat.com's FREE daily email newsletter.