Metis Global Partners LLC Buys 105 Shares of Republic Services, Inc. (NYSE:RSG)

Metis Global Partners LLC grew its stake in Republic Services, Inc. (NYSE:RSG) by 1.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,730 shares of the business services provider’s stock after purchasing an additional 105 shares during the quarter. Metis Global Partners LLC’s holdings in Republic Services were worth $1,352,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital World Investors lifted its holdings in Republic Services by 20.5% in the first quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock worth $1,514,100,000 after buying an additional 1,346,588 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Republic Services by 83,671.9% in the 3rd quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock valued at $108,183,000 after purchasing an additional 538,010 shares during the period. Earnest Partners LLC grew its stake in Republic Services by 16.9% in the first quarter. Earnest Partners LLC now owns 1,262,519 shares of the business services provider’s stock worth $241,697,000 after purchasing an additional 182,645 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Republic Services by 1,946.2% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 136,279 shares of the business services provider’s stock worth $26,484,000 after purchasing an additional 129,619 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Republic Services by 44.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 396,681 shares of the business services provider’s stock valued at $75,941,000 after buying an additional 121,781 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Performance

Shares of RSG stock opened at $208.04 on Friday. Republic Services, Inc. has a 52 week low of $157.46 and a 52 week high of $216.18. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The company has a 50 day moving average price of $203.84 and a 200-day moving average price of $197.97. The firm has a market capitalization of $65.15 billion, a PE ratio of 33.29, a P/E/G ratio of 3.28 and a beta of 0.70.

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

Republic Services Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.12%. Republic Services’s dividend payout ratio is currently 37.12%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RSG. Robert W. Baird lifted their price target on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. TD Cowen boosted their price target on Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Monday, August 5th. BMO Capital Markets raised their price objective on Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. StockNews.com downgraded Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus lifted their price target on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.71.

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.