Fenimore Asset Management Inc Has $68.44 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Fenimore Asset Management Inc increased its holdings in Republic Services, Inc. (NYSE:RSG) by 0.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 282,623 shares of the business services provider’s stock after purchasing an additional 391 shares during the period. Republic Services makes up 1.4% of Fenimore Asset Management Inc’s investment portfolio, making the stock its 27th biggest holding. Fenimore Asset Management Inc’s holdings in Republic Services were worth $68,440,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI boosted its holdings in Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 88 shares during the period. New Age Alpha Advisors LLC lifted its stake in shares of Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock valued at $36,000 after buying an additional 73 shares during the period. Park Square Financial Group LLC bought a new stake in shares of Republic Services in the fourth quarter valued at about $44,000. Generali Asset Management SPA SGR bought a new stake in shares of Republic Services in the fourth quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Republic Services in the fourth quarter valued at about $48,000. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RSG. BMO Capital Markets increased their price target on shares of Republic Services from $260.00 to $268.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. CIBC raised Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price target on the stock in a research note on Tuesday, March 4th. Robert W. Baird upped their price objective on shares of Republic Services from $232.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, April 25th. The Goldman Sachs Group upped their price objective on shares of Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $266.00 price objective on shares of Republic Services in a research report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $250.44.

Republic Services Trading Down 0.1%

Republic Services stock opened at $252.93 on Monday. The firm has a 50-day moving average of $246.33 and a 200-day moving average of $229.01. Republic Services, Inc. has a one year low of $185.07 and a one year high of $258.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The company has a market cap of $79.04 billion, a price-to-earnings ratio of 38.97, a P/E/G ratio of 3.64 and a beta of 0.63.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. Republic Services’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $1.45 earnings per share. On average, equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a $0.58 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.92%. Republic Services’s payout ratio is 34.99%.

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.