Forsta AP Fonden Has $2.79 Million Stake in Republic Services (RSG)

Forsta AP Fonden decreased its position in Republic Services (NYSE:RSG) by 14.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,094 shares of the business services provider’s stock after selling 7,200 shares during the period. Forsta AP Fonden’s holdings in Republic Services were worth $2,788,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RSG. SeaCrest Wealth Management LLC purchased a new stake in shares of Republic Services in the 4th quarter valued at approximately $121,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Republic Services by 507.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,823 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,523 shares during the period. Signaturefd LLC purchased a new stake in shares of Republic Services in the 1st quarter valued at approximately $149,000. Tower Research Capital LLC TRC grew its stake in shares of Republic Services by 1,070.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,937 shares of the business services provider’s stock valued at $199,000 after buying an additional 2,686 shares during the period. Finally, Focused Wealth Management Inc purchased a new stake in shares of Republic Services in the 4th quarter valued at approximately $199,000. 61.50% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on RSG. Zacks Investment Research cut shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. BMO Capital Markets dropped their price target on shares of Republic Services from $74.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. Argus raised shares of Republic Services from a “hold” rating to a “buy” rating in a research note on Thursday, May 10th. UBS began coverage on shares of Republic Services in a research note on Wednesday, March 14th. They issued a “buy” rating and a $78.00 price target for the company. Finally, Credit Suisse Group dropped their price target on shares of Republic Services from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Monday, February 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Republic Services presently has a consensus rating of “Hold” and an average price target of $72.14.

In related news, Director Ramon A. Rodriguez sold 4,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $66.27, for a total transaction of $265,080.00. Following the completion of the transaction, the director now owns 4,118 shares of the company’s stock, valued at approximately $272,899.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Ark Jon Vander sold 9,236 shares of the stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $68.45, for a total transaction of $632,204.20. Following the transaction, the chief operating officer now directly owns 12,011 shares of the company’s stock, valued at approximately $822,152.95. The disclosure for this sale can be found here. Insiders have sold a total of 25,854 shares of company stock valued at $1,743,880 in the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Republic Services opened at $66.61 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market cap of $21.84 billion, a P/E ratio of 25.33, a P/E/G ratio of 1.95 and a beta of 0.54. Republic Services has a fifty-two week low of $60.26 and a fifty-two week high of $69.40.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Wednesday, May 2nd. The business services provider reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.06. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Republic Services had a net margin of 13.18% and a return on equity of 11.29%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.55 EPS. equities analysts forecast that Republic Services will post 3.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Monday, July 2nd will be given a dividend of $0.345 per share. The ex-dividend date of this dividend is Friday, June 29th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.07%. Republic Services’s payout ratio is currently 56.79%.

About Republic Services

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.

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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