Republic Services (RSG) Shares Bought by Kiwi Wealth Investments Limited Partnership

Kiwi Wealth Investments Limited Partnership raised its holdings in Republic Services (NYSE:RSG) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 172,915 shares of the business services provider’s stock after acquiring an additional 4,462 shares during the period. Republic Services comprises about 1.1% of Kiwi Wealth Investments Limited Partnership’s investment portfolio, making the stock its 26th largest holding. Kiwi Wealth Investments Limited Partnership owned about 0.05% of Republic Services worth $11,452,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new position in Republic Services in the fourth quarter valued at about $121,000. Signaturefd LLC acquired a new position in Republic Services in the first quarter valued at about $149,000. Tower Research Capital LLC TRC grew its stake in Republic Services by 1,070.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,937 shares of the business services provider’s stock valued at $199,000 after acquiring an additional 2,686 shares during the period. Focused Wealth Management Inc acquired a new position in Republic Services in the fourth quarter valued at about $199,000. Finally, Schroder Investment Management Group grew its stake in Republic Services by 41.4% in the fourth quarter. Schroder Investment Management Group now owns 3,104 shares of the business services provider’s stock valued at $210,000 after acquiring an additional 909 shares during the period. 60.11% of the stock is owned by hedge funds and other institutional investors.

In related news, COO Ark Jon Vander sold 9,236 shares of the company’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $68.45, for a total transaction of $632,204.20. Following the sale, the chief operating officer now owns 12,011 shares in the company, valued at $822,152.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey A. Hughes sold 16,200 shares of the company’s stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $68.00, for a total value of $1,101,600.00. Following the sale, the executive vice president now owns 16,200 shares in the company, valued at approximately $1,101,600. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

A number of research analysts have issued reports on RSG shares. Raymond James cut Republic Services from a “strong-buy” rating to a “market perform” rating and set a $72.00 target price for the company. in a research note on Wednesday, April 11th. Zacks Investment Research raised Republic Services from a “sell” rating to a “hold” rating in a research note on Thursday, June 7th. Oppenheimer restated a “hold” rating on shares of Republic Services in a report on Thursday, May 3rd. UBS Group lowered Republic Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 11th. Finally, Argus upgraded Republic Services from a “hold” rating to a “buy” rating in a report on Thursday, May 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Republic Services currently has a consensus rating of “Hold” and a consensus price target of $72.14.

Shares of Republic Services opened at $68.76 on Thursday, MarketBeat Ratings reports. The stock has a market capitalization of $22.54 billion, a PE ratio of 28.33, a PEG ratio of 2.02 and a beta of 0.55. Republic Services has a one year low of $60.26 and a one year high of $69.67. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.53 and a current ratio of 0.53.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Wednesday, May 2nd. The business services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.06. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. Republic Services had a return on equity of 11.29% and a net margin of 13.18%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 earnings per share. analysts predict that Republic Services will post 3.07 earnings per share for the current fiscal year.

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.01%. Republic Services’s dividend payout ratio (DPR) is 56.79%.

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.

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

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