United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Increases Position in Republic Services, Inc. $RSG

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in Republic Services, Inc. (NYSE:RSG) by 14.0% during the 4th quarter, HoldingsChannel reports. The fund owned 207,272 shares of the business services provider’s stock after buying an additional 25,505 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Republic Services were worth $43,927,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in Republic Services in the fourth quarter valued at $25,000. Wealth Watch Advisors INC bought a new stake in Republic Services in the third quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Republic Services by 121.8% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock valued at $28,000 after buying an additional 67 shares during the last quarter. Ameriflex Group Inc. bought a new stake in Republic Services in the third quarter valued at about $29,000. Finally, Sound Income Strategies LLC bought a new stake in Republic Services in the fourth quarter valued at about $32,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Performance

RSG opened at $203.58 on Friday. The company has a market capitalization of $62.63 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 3.38 and a beta of 0.43. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.67. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $258.75. The business has a 50 day moving average price of $211.55 and a two-hundred day moving average price of $214.90.

Republic Services (NYSE:RSG) last released its earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the prior year, the firm posted $1.58 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Research analysts predict that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders 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 dividend yield of 1.2%. The ex-dividend date is Thursday, July 2nd. Republic Services’s dividend payout ratio is 36.15%.

Insider Activity at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was bought at an average price of $213.31 per share, for a total transaction of $12,947,917.00. Following the transaction, the insider owned 110,803,982 shares of the company’s stock, valued at approximately $23,635,597,400.42. The trade was a 0.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders acquired 987,150 shares of company stock worth $202,366,682. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RSG shares. Wolfe Research initiated coverage on Republic Services in a report on Friday, March 13th. They issued a “peer perform” rating for the company. Wells Fargo & Company upped their price target on shares of Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. JPMorgan Chase & Co. upped their price target on shares of Republic Services from $233.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, April 10th. UBS Group lowered their price target on shares of Republic Services from $240.00 to $223.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Finally, Robert W. Baird lowered their price target on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. Eleven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Republic Services has a consensus rating of “Hold” and a consensus price target of $245.15.

Republic Services Company 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.