Republic Services, Inc. (NYSE:RSG) Position Boosted by Appleton Partners Inc. MA

Appleton Partners Inc. MA raised its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,131 shares of the business services provider's stock after acquiring an additional 1,236 shares during the quarter. Appleton Partners Inc. MA's holdings in Republic Services were worth $11,171,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. DnB Asset Management AS boosted its stake in Republic Services by 65.1% during the 4th quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider's stock valued at $14,672,000 after acquiring an additional 28,764 shares during the last quarter. Hickory Point Bank & Trust bought a new position in Republic Services during the 4th quarter valued at $790,000. Uniting Wealth Partners LLC bought a new position in Republic Services during the 4th quarter valued at $266,000. BNP Paribas Financial Markets boosted its stake in Republic Services by 3.4% during the 4th quarter. BNP Paribas Financial Markets now owns 435,835 shares of the business services provider's stock valued at $87,681,000 after acquiring an additional 14,273 shares during the last quarter. Finally, National Pension Service boosted its stake in Republic Services by 3.5% during the 4th quarter. National Pension Service now owns 329,757 shares of the business services provider's stock valued at $66,341,000 after acquiring an additional 11,128 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Price Performance

RSG traded down $0.17 on Friday, reaching $248.11. The company had a trading volume of 1,442,229 shares, compared to its average volume of 1,145,336. The company has a fifty day moving average of $248.61 and a 200-day moving average of $231.14. The company has a market capitalization of $77.53 billion, a P/E ratio of 37.42, a PEG ratio of 3.80 and a beta of 0.63. 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 one year low of $188.82 and a one year high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.05. Republic Services had a net margin of 12.88% 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 firm posted $1.45 EPS. Republic Services's revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.94%. Republic Services's dividend payout ratio (DPR) is 34.99%.

Wall Street Analyst Weigh In

RSG has been the topic of a number of research reports. Morgan Stanley increased their target price on shares of Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Royal Bank Of Canada reissued an "outperform" rating and set a $266.00 target price on shares of Republic Services in a report on Friday, April 25th. Wall Street Zen cut shares of Republic Services from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Robert W. Baird increased their target price on shares of Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Finally, CIBC raised shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 target price on the stock in a report on Tuesday, March 4th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Republic Services has a consensus rating of "Moderate Buy" and an average price target of $252.68.

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.