Swiss National Bank Has $131.42 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Swiss National Bank increased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 654,330 shares of the business services provider’s stock after buying an additional 1,500 shares during the quarter. Swiss National Bank’s holdings in Republic Services were worth $131,416,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC raised its stake in Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after buying an additional 109 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Republic Services in the 1st quarter valued at about $29,000. Webster Bank N. A. acquired a new stake in shares of Republic Services in the 3rd quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Republic Services in the 2nd quarter valued at about $36,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Republic Services in the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Robert W. Baird lifted their price target on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Oppenheimer lifted their target price on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. TD Cowen lifted their target price on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Monday, August 5th. StockNews.com downgraded Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada lifted their target price on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $215.71.

Republic Services Stock Down 0.7 %

NYSE RSG opened at $208.04 on Monday. The business has a fifty day moving average price of $203.84 and a two-hundred day moving average price of $198.10. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a fifty-two week low of $157.46 and a fifty-two week high of $216.18. The stock has a market capitalization of $65.15 billion, a PE ratio of 33.29, a PEG ratio of 3.18 and a beta of 0.70.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the prior year, the company earned $1.54 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts expect that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, January 2nd. Republic Services’s payout ratio is presently 37.12%.

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.