Northwestern Mutual Wealth Management Co. Buys 1,290 Shares of Republic Services, Inc. $RSG

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,735 shares of the business services provider’s stock after acquiring an additional 1,290 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Republic Services were worth $8,813,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Republic Services in the 1st quarter valued at about $198,685,000. M&G PLC grew its holdings in shares of Republic Services by 113.0% during the second quarter. M&G PLC now owns 1,164,656 shares of the business services provider’s stock worth $287,670,000 after buying an additional 617,939 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in Republic Services by 118.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider’s stock valued at $198,869,000 after buying an additional 437,190 shares during the last quarter. National Pension Service lifted its stake in Republic Services by 112.0% in the 2nd quarter. National Pension Service now owns 749,603 shares of the business services provider’s stock valued at $184,860,000 after acquiring an additional 396,041 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Republic Services by 27.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,763,333 shares of the business services provider’s stock worth $427,009,000 after acquiring an additional 384,695 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on RSG shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Republic Services in a research report on Tuesday, November 25th. Barclays began coverage on shares of Republic Services in a research report on Friday, September 19th. They set an “equal weight” rating and a $240.00 price target on the stock. UBS Group decreased their price objective on Republic Services from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, October 16th. Oppenheimer set a $256.00 target price on Republic Services in a report on Friday, October 31st. Finally, Robert W. Baird set a $240.00 price target on Republic Services in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $250.45.

Republic Services Stock Down 1.4%

RSG opened at $213.97 on Tuesday. The stock’s fifty day simple moving average is $217.66 and its 200 day simple moving average is $232.60. Republic Services, Inc. has a 1-year low of $199.43 and a 1-year high of $258.75. The stock has a market cap of $66.24 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 3.40 and a beta of 0.57. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.12. The firm had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.81 earnings per share. As a group, research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be given a dividend of $0.625 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.50 annualized dividend and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is 37.20%.

Republic Services Company 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.