Natixis Investment Managers International Sells 70 Shares of Republic Services, Inc. (NYSE:RSG)

Natixis Investment Managers International decreased its holdings in Republic Services, Inc. (NYSE:RSG) by 4.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,415 shares of the business services provider’s stock after selling 70 shares during the quarter. Natixis Investment Managers International’s holdings in Republic Services were worth $271,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RSG. YHB Investment Advisors Inc. bought a new stake in shares of Republic Services in the 1st quarter valued at about $29,000. Bogart Wealth LLC purchased a new position in Republic Services in the fourth quarter worth $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Republic Services during the fourth quarter worth $34,000. Jones Financial Companies Lllp lifted its holdings in shares of 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. Finally, BKM Wealth Management LLC acquired a new stake in shares of Republic Services in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of RSG traded down $10.33 during mid-day trading on Thursday, reaching $189.34. The company had a trading volume of 2,370,302 shares, compared to its average volume of 1,208,292. The stock has a 50 day moving average of $192.20 and a two-hundred day moving average of $185.67. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $59.63 billion, a P/E ratio of 33.22, a PEG ratio of 3.37 and a beta of 0.69. Republic Services, Inc. has a 52-week low of $140.23 and a 52-week high of $206.54.

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, topping the consensus estimate of $1.35 by $0.10. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 EPS. On average, analysts expect that Republic Services, Inc. will post 6.05 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.23%. This is an increase from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s dividend payout ratio is 37.54%.

Insider Transactions at Republic Services

In other Republic Services news, Director Katharine Weymouth acquired 540 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were bought 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Katharine Weymouth acquired 540 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were 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 directly owns 540 shares in the company, valued at approximately $100,040.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was 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. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on RSG shares. Deutsche Bank Aktiengesellschaft assumed coverage on Republic Services in a research report on Thursday, May 23rd. They set a “hold” rating and a $203.00 target price on the stock. Scotiabank upped their price objective on shares of Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a report on Wednesday, May 1st. Oppenheimer lowered their target price on shares of Republic Services from $211.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday. Robert W. Baird upped their price target on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Royal Bank of Canada lifted their price objective on shares of Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a research note on Thursday. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and a consensus price target of $211.69.

About Republic Services

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.