Zurcher Kantonalbank Zurich Cantonalbank Has $14.66 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Republic Services, Inc. (NYSE:RSG) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,893 shares of the business services provider’s stock after selling 1,776 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Republic Services were worth $14,659,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RSG. Vanguard Group Inc. lifted its position in shares of Republic Services by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 17,800,921 shares of the business services provider’s stock worth $2,358,621,000 after acquiring an additional 168,696 shares during the period. JPMorgan Chase & Co. increased its holdings in Republic Services by 0.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,658,978 shares of the business services provider’s stock valued at $948,971,000 after purchasing an additional 44,512 shares in the last quarter. Morgan Stanley increased its holdings in Republic Services by 4.1% during the 3rd quarter. Morgan Stanley now owns 5,054,359 shares of the business services provider’s stock valued at $720,297,000 after purchasing an additional 197,654 shares in the last quarter. Geode Capital Management LLC increased its holdings in Republic Services by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 4,472,223 shares of the business services provider’s stock valued at $603,465,000 after purchasing an additional 46,736 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Republic Services by 2.9% during the 3rd quarter. Nordea Investment Management AB now owns 3,790,052 shares of the business services provider’s stock valued at $547,473,000 after purchasing an additional 107,499 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the transaction, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RSG shares. Wells Fargo & Company raised their price target on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Scotiabank started coverage on Republic Services in a report on Monday, April 8th. They set a “sector perform” rating and a $211.00 price target for the company. Royal Bank of Canada started coverage on Republic Services in a report on Monday, April 8th. They set a “sector perform” rating and a $198.00 price target for the company. Oppenheimer lifted their target price on Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Finally, Citigroup lifted their target price on Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $199.77.

Republic Services Trading Down 0.0 %

Shares of NYSE:RSG opened at $188.94 on Friday. The company has a market capitalization of $59.51 billion, a P/E ratio of 34.54, a P/E/G ratio of 3.30 and a beta of 0.68. Republic Services, Inc. has a 1 year low of $135.33 and a 1 year high of $192.57. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. The business’s 50 day simple moving average is $185.57 and its 200 day simple moving average is $168.49.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.13. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. Republic Services’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS. On average, research analysts anticipate that Republic Services, Inc. will post 6.01 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were paid a $0.535 dividend. The ex-dividend date was Monday, April 1st. This represents a $2.14 annualized dividend and a dividend yield of 1.13%. Republic Services’s dividend payout ratio is presently 39.12%.

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.