Achmea Investment Management B.V. Has $20.71 Million Position in Republic Services, Inc. (NYSE:RSG)

Achmea Investment Management B.V. boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 207.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,587 shares of the business services provider’s stock after purchasing an additional 71,887 shares during the quarter. Achmea Investment Management B.V.’s holdings in Republic Services were worth $20,714,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. YHB Investment Advisors Inc. acquired a new position in shares of Republic Services during the first quarter worth approximately $29,000. EntryPoint Capital LLC bought a new position in Republic Services during the first quarter worth $29,000. Jones Financial Companies Lllp raised its stake in Republic Services by 3,014.3% during the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 211 shares during the last quarter. Indiana Trust & Investment Management CO bought a new stake in Republic Services in the 2nd quarter valued at $45,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Republic Services in the 4th quarter worth $50,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the subject of several research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Republic Services in a research note on Thursday, May 23rd. They issued a “hold” rating and a $203.00 target price for the company. Truist Financial raised Republic Services from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $192.00 to $220.00 in a report on Thursday, July 11th. Royal Bank of Canada upped their target price on Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Raymond James decreased their price target on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Robert W. Baird raised their price objective on shares of Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $211.00.

Insider Activity

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction of $649,632.00. Following the transaction, the director now owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.09% of the stock is owned by insiders.

Republic Services Stock Performance

NYSE:RSG opened at $204.80 on Thursday. The stock has a market capitalization of $64.32 billion, a P/E ratio of 35.93, a price-to-earnings-growth ratio of 3.26 and a beta of 0.70. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 1 year low of $140.23 and a 1 year high of $208.69. The firm has a 50 day moving average of $201.38 and a 200-day moving average of $192.89.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.03 billion. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 6.18 EPS for the current fiscal year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.58 per share. This is an increase from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, October 2nd. This represents a $2.32 annualized dividend and a yield of 1.13%. Republic Services’s dividend payout ratio is 37.54%.

Republic Services Company 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.