Simplicity Wealth LLC Invests $1.07 Million in Republic Services, Inc. (NYSE:RSG)

Simplicity Wealth LLC bought a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,434 shares of the business services provider's stock, valued at approximately $1,074,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI increased its position in shares of Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after purchasing an additional 88 shares during the last quarter. New Age Alpha Advisors LLC increased its holdings in shares of Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after acquiring an additional 73 shares during the last quarter. Park Square Financial Group LLC acquired a new position in Republic Services in the fourth quarter valued at approximately $44,000. Generali Asset Management SPA SGR purchased a new position in Republic Services in the fourth quarter valued at approximately $45,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Republic Services in the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Trading Down 0.3%

RSG traded down $0.64 during midday trading on Friday, hitting $251.21. The company's stock had a trading volume of 322,062 shares, compared to its average volume of 1,139,222. The firm has a market cap of $78.50 billion, a P/E ratio of 38.71, a PEG ratio of 3.64 and a beta of 0.63. Republic Services, Inc. has a 52-week low of $185.11 and a 52-week high of $258.75. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average price of $247.08 and a two-hundred day moving average price of $229.73.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.53 by $0.05. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the business posted $1.45 earnings per share. Republic Services's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, research analysts anticipate 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 Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) is presently 34.99%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Melius assumed coverage on Republic Services in a research report on Monday. They set a "hold" rating on the stock. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. Morgan Stanley increased their price target on shares of Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. National Bank Financial upgraded shares of Republic Services to a "hold" rating in a research note on Monday, May 26th. Finally, The Goldman Sachs Group increased their target price on shares of Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Republic Services has an average rating of "Moderate Buy" and a consensus target price of $252.68.

Republic Services 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.