Natixis Investment Managers International Decreases Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Natixis Investment Managers International reduced its position in shares of Republic Services, Inc. (NYSE:RSG) by 4.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,415 shares of the business services provider’s stock after selling 70 shares during the period. Natixis Investment Managers International’s holdings in Republic Services were worth $271,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Natixis boosted its holdings in Republic Services by 78.6% in the first quarter. Natixis now owns 27,858 shares of the business services provider’s stock valued at $5,333,000 after acquiring an additional 12,260 shares in the last quarter. InterOcean Capital Group LLC increased its position in shares of Republic Services by 8.9% during the first quarter. InterOcean Capital Group LLC now owns 3,403 shares of the business services provider’s stock valued at $652,000 after buying an additional 278 shares during the period. National Bank of Canada FI raised its stake in Republic Services by 8.7% in the first quarter. National Bank of Canada FI now owns 117,646 shares of the business services provider’s stock worth $22,263,000 after buying an additional 9,421 shares in the last quarter. Lake Street Advisors Group LLC lifted its holdings in Republic Services by 42.6% in the first quarter. Lake Street Advisors Group LLC now owns 2,086 shares of the business services provider’s stock worth $399,000 after buying an additional 623 shares during the period. Finally, Bessemer Group Inc. boosted its position in Republic Services by 222.7% during the 1st quarter. Bessemer Group Inc. now owns 23,663 shares of the business services provider’s stock valued at $4,529,000 after acquiring an additional 16,331 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RSG shares. Deutsche Bank Aktiengesellschaft began coverage on Republic Services in a research report on Thursday, May 23rd. They issued a “hold” rating and a $203.00 target price for the company. UBS Group increased their price objective on Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Scotiabank upped their target price on shares of Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 1st. BMO Capital Markets lifted their price target on shares of Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, The Goldman Sachs Group upped their price objective on shares of Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $211.69.

Republic Services Stock Down 5.2 %

RSG traded down $10.33 during trading on Thursday, hitting $189.34. 2,370,302 shares of the company’s stock traded hands, compared to its average volume of 1,208,292. The stock has a market capitalization of $59.63 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 3.37 and a beta of 0.69. The company’s 50 day simple moving average is $192.20 and its two-hundred day simple moving average is $185.67. Republic Services, Inc. has a 12-month low of $140.23 and a 12-month high of $206.54. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the firm posted $1.24 earnings per share. Republic Services’s revenue was up 7.8% compared to the same quarter last year. Analysts predict that Republic Services, Inc. will post 6.05 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.23%. This is a boost from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, October 2nd. Republic Services’s payout ratio is presently 37.54%.

Insider Buying and Selling

In related news, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the sale, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Republic Services news, Director Katharine Weymouth bought 540 shares of Republic Services stock in a transaction on Tuesday, June 4th. The stock was acquired at an average cost of $185.26 per share, with a total value of $100,040.40. Following the completion of the acquisition, the director now owns 540 shares in the company, valued at $100,040.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the sale, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Profile

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.