1,520 Shares in Republic Services, Inc. (NYSE:RSG) Acquired by Alps Advisors Inc.

Alps Advisors Inc. acquired a new position in Republic Services, Inc. (NYSE:RSG - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,520 shares of the business services provider's stock, valued at approximately $368,000.

A number of other institutional investors have also recently added to or reduced their stakes in RSG. Brighton Jones LLC grew its position in shares of Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider's stock valued at $3,988,000 after buying an additional 8,547 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Republic Services by 0.4% during the 4th quarter. HighTower Advisors LLC now owns 27,461 shares of the business services provider's stock valued at $5,525,000 after buying an additional 102 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Republic Services by 28.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 45,684 shares of the business services provider's stock valued at $9,191,000 after buying an additional 10,072 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Republic Services by 6.9% during the 4th quarter. Natixis Advisors LLC now owns 141,764 shares of the business services provider's stock valued at $28,520,000 after buying an additional 9,124 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Republic Services by 7.4% during the 4th quarter. Parallel Advisors LLC now owns 3,840 shares of the business services provider's stock valued at $773,000 after buying an additional 264 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RSG shares. Citigroup increased their price objective on Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Oppenheimer increased their price objective on Republic Services from $262.00 to $268.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. National Bank Financial raised Republic Services to a "hold" rating in a report on Monday, May 26th. William Blair reiterated an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. Finally, UBS Group increased their price objective on shares of Republic Services from $240.00 to $250.00 and gave the company a "neutral" rating in a report on Friday, April 11th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Republic Services presently has an average rating of "Moderate Buy" and an average target price of $255.21.

Republic Services Price Performance

Republic Services stock traded down $0.73 during trading hours on Wednesday, reaching $241.13. 1,087,848 shares of the stock were exchanged, compared to its average volume of 1,154,839. The company has a market cap of $75.35 billion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 3.69 and a beta of 0.61. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10. Republic Services, Inc. has a twelve month low of $188.82 and a twelve month high of $258.75. The stock has a 50 day moving average of $247.83 and a two-hundred day moving average of $235.36.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.05. Republic Services had a net margin of 12.88% and a return on equity of 18.28%. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the firm posted $1.45 EPS. The firm's revenue was up 3.8% on a year-over-year basis. Equities analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, July 2nd. 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.