Catalina Capital Group LLC Has $824,000 Position in Republic Services, Inc. (NYSE:RSG)

Catalina Capital Group LLC raised its position in Republic Services, Inc. (NYSE:RSGFree Report) by 25.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,305 shares of the business services provider’s stock after buying an additional 881 shares during the period. Catalina Capital Group LLC’s holdings in Republic Services were worth $824,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Toroso Investments LLC boosted its stake in shares of Republic Services by 163.0% in the 3rd quarter. Toroso Investments LLC now owns 12,284 shares of the business services provider’s stock valued at $1,751,000 after purchasing an additional 7,613 shares during the last quarter. Morgan Stanley boosted its position in shares of Republic Services by 4.1% in the 3rd quarter. Morgan Stanley now owns 5,054,359 shares of the business services provider’s stock worth $720,297,000 after purchasing an additional 197,654 shares during the last quarter. Comerica Bank increased its stake in shares of Republic Services by 161.1% in the 3rd quarter. Comerica Bank now owns 100,240 shares of the business services provider’s stock valued at $14,285,000 after acquiring an additional 61,848 shares during the last quarter. Graham Capital Management L.P. grew its holdings in shares of Republic Services by 1,650.9% in the 3rd quarter. Graham Capital Management L.P. now owns 87,545 shares of the business services provider’s stock valued at $12,476,000 after buying an additional 82,545 shares during the period. Finally, Public Sector Pension Investment Board increased its position in shares of Republic Services by 12.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 22,086 shares of the business services provider’s stock valued at $3,147,000 after buying an additional 2,400 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RSG shares. Morgan Stanley cut shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective on the stock. in a research report on Friday, March 15th. Jefferies Financial Group boosted their target price on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, March 18th. UBS Group increased their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Oppenheimer boosted their price target on Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, The Goldman Sachs Group boosted their price objective on shares of Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $201.14.

Get Our Latest Stock Report on Republic Services

Republic Services Price Performance

NYSE RSG traded up $1.56 during trading on Wednesday, hitting $196.88. 923,204 shares of the company’s stock were exchanged, compared to its average volume of 1,201,627. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a fifty-two week low of $140.23 and a fifty-two week high of $197.07. The company has a market cap of $62.00 billion, a PE ratio of 34.27, a P/E/G ratio of 3.28 and a beta of 0.69. The stock’s 50 day moving average price is $189.01 and its two-hundred day moving average price is $182.88.

Republic Services (NYSE:RSGGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The firm 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 revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $1.24 earnings per share. Research analysts expect that Republic Services, Inc. will post 6.05 EPS for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s payout ratio is presently 37.54%.

Insiders Place Their Bets

In other news, Director Katharine Weymouth bought 540 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average price of $185.26 per share, with a total value of $100,040.40. Following the completion of the purchase, the director now directly owns 540 shares of the company’s stock, valued at $100,040.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Katharine Weymouth bought 540 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the transaction, the director now directly owns 540 shares of the company’s stock, valued at $100,040.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Republic Services Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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