2,680 Shares in Republic Services, Inc. (NYSE:RSG) Acquired by PharVision Advisers LLC

PharVision Advisers LLC purchased a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,680 shares of the business services provider's stock, valued at approximately $539,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI boosted its stake in shares of Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after acquiring an additional 88 shares in the last quarter. R Squared Ltd purchased a new position in shares of Republic Services during the fourth quarter worth $32,000. New Age Alpha Advisors LLC grew 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 worth $36,000 after acquiring an additional 73 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Republic Services during the fourth quarter worth approximately $45,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Republic Services during the 4th quarter worth about $48,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Trading Up 0.7%

RSG opened at $252.10 on Wednesday. The stock has a 50-day moving average of $241.85 and a 200 day moving average of $224.84. The firm has a market cap of $78.78 billion, a P/E ratio of 38.84, a P/E/G ratio of 3.64 and a beta of 0.66. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12 month low of $180.92 and a 12 month high of $253.54.

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 for the quarter, topping the consensus estimate of $1.53 by $0.05. The firm had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The company's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.45 EPS. As a group, research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The company also recently announced 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 of this dividend is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.92%. Republic Services's dividend payout ratio (DPR) is presently 34.99%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Argus set a $260.00 target price on shares of Republic Services in a report on Tuesday, February 18th. CIBC raised shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective for the company in a report on Tuesday, March 4th. BMO Capital Markets upped their price objective on Republic Services from $260.00 to $268.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Cibc World Mkts raised Republic Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group increased their price objective on Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $249.00.

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.

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