Entropy Technologies LP Raises Holdings in Republic Services, Inc. $RSG

Entropy Technologies LP lifted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 67.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 60,186 shares of the business services provider’s stock after acquiring an additional 24,244 shares during the period. Republic Services accounts for approximately 0.7% of Entropy Technologies LP’s holdings, making the stock its 28th biggest holding. Entropy Technologies LP’s holdings in Republic Services were worth $12,755,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Republic Services by 23.2% during the second quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock worth $4,329,000 after purchasing an additional 3,303 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Republic Services by 3.6% during the second quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock worth $7,322,000 after purchasing an additional 1,044 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Republic Services by 0.7% during the second quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock worth $23,336,000 after purchasing an additional 688 shares during the period. Finally, Ieq Capital LLC lifted its holdings in shares of Republic Services by 68.4% during the second quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock worth $2,871,000 after purchasing an additional 4,729 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 0.8%

Shares of NYSE:RSG opened at $209.75 on Friday. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $253.38. The company has a market capitalization of $64.53 billion, a PE ratio of 30.09, a PEG ratio of 3.45 and a beta of 0.41. The business has a 50 day moving average of $208.84 and a two-hundred day moving average of $214.52. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.11.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the company posted $1.58 earnings per share. Republic Services’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, analysts forecast that Republic Services, Inc. will post 7.28 EPS for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be issued a $0.625 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. Republic Services’s payout ratio is presently 36.15%.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of research reports. UBS Group decreased their target price on Republic Services from $240.00 to $223.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Weiss Ratings downgraded Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Morgan Stanley decreased their target price on Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Finally, Robert W. Baird decreased their target price on Republic Services from $242.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and a consensus target price of $243.26.

Insider Buying and Selling

In other news, Director Sandra M. Volpe sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the completion of the transaction, the director directly owned 58 shares of the company’s stock, valued at $12,254.24. This represents a 96.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Cascade Investment, L.L.C. bought 366,000 shares of Republic Services stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $202.24 per share, with a total value of $74,019,840.00. Following the completion of the purchase, the insider owned 110,315,982 shares in the company, valued at approximately $22,310,304,199.68. This trade represents a 0.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 987,150 shares of company stock valued at $202,366,682 over the last three months. 0.12% of the stock is currently owned by corporate insiders.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.