The Zurcher Kantonalbank Zurich Cantonalbank Buys 645 Shares of Republic Services, Inc. (RSG)

The Zurcher Kantonalbank Zurich Cantonalbank Buys 645 Shares of Republic Services, Inc. (RSG)

A number of other institutional investors have also recently modified their holdings of the company. Cribstone Capital Management LLC bought a new position in Republic Services during the first quarter valued at approximately $121,000. Parallel Advisors LLC bought a new position in Republic Services during the fourth quarter valued at approximately $120,000. M&R Capital Management Inc. increased its position in Republic Services by 120.0% in the fourth quarter. M&R Capital Management Inc. now owns 2,200 shares of the business services provider’s stock valued at $125,000 after buying an additional 1,200 shares in the last quarter. TLP Group LLC bought a new position in Republic Services during the third quarter valued at approximately $125,000. Finally, Independent Advisor Alliance bought a new position in Republic Services during the fourth quarter valued at approximately $173,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Republic Services, Inc. (NYSE:RSG) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 165,586 shares of the business services provider’s stock after buying an additional 645 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Republic Services were worth $10,400,000 as of its most recent SEC filing.

Shares of Republic Services, Inc. (NYSE RSG) opened at 64.68 on Monday. The firm’s 50-day moving average is $63.00 and its 200-day moving average is $59.95. Republic Services, Inc. has a 52-week low of $48.43 and a 52-week high of $64.86. The firm has a market cap of $21.87 billion, a P/E ratio of 34.40 and a beta of 0.59.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, April 27th. The business services provider reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.02. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.36 billion. Republic Services had a return on equity of 9.62% and a net margin of 6.40%. Republic Services’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. Analysts anticipate that Republic Services, Inc. will post $2.38 earnings per share for the current year. The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Monday, July 3rd will be given a $0.32 dividend. The ex-dividend date is Thursday, June 29th. This represents a $1.28 dividend on an annualized basis and a yield of 1.98%. Republic Services’s payout ratio is 74.85%.

Several equities research analysts recently weighed in on RSG shares. Credit Suisse Group AG set a $63.00 price objective on shares of Republic Services and gave the stock a “hold” rating in a research report on Sunday, April 30th. Zacks Investment Research cut shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Republic Services in a research report on Friday, February 17th. Stifel Nicolaus increased their target price on shares of Republic Services from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, February 13th. Finally, Wedbush increased their target price on shares of Republic Services from $61.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, February 21st. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $66.33. In other Republic Services news, Director Tomago Collins sold 1,280 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $61.77, for a total value of $79,065.60. Following the completion of the sale, the director now owns 9,823 shares in the company, valued at $606,766.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Republic Services Company Profile Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RSG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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