Republic Services, Inc. (NYSE:RSG) Stock Position Lowered by Avanza Fonder AB

Avanza Fonder AB lessened its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 13.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,022 shares of the business services provider's stock after selling 3,000 shares during the quarter. Avanza Fonder AB's holdings in Republic Services were worth $4,657,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Arcadia Investment Management Corp MI raised its stake 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 in the last quarter. New Age Alpha Advisors LLC grew its position in shares of Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after buying an additional 73 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of Republic Services during the 4th quarter valued at about $44,000. Generali Asset Management SPA SGR bought a new stake in shares of Republic Services during the 4th quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Republic Services during the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Price Performance

RSG stock traded down $1.10 on Friday, hitting $250.75. 661,699 shares of the company's stock traded hands, compared to its average volume of 1,144,228. Republic Services, Inc. has a 1-year low of $188.14 and a 1-year high of $258.75. The stock has a market cap of $78.36 billion, a price-to-earnings ratio of 38.64, a P/E/G ratio of 3.64 and a beta of 0.63. The stock has a fifty day moving average of $247.56 and a 200-day moving average of $229.95. 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 (NYSE:RSG - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating 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 business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the business earned $1.45 earnings per share. The business's quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a $0.58 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.93%. Republic Services's dividend payout ratio (DPR) is presently 34.99%.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of recent research reports. Melius Research raised shares of Republic Services to a "hold" rating and set a $281.00 price objective for the company in a research report on Monday, June 9th. Argus set a $260.00 price objective on shares of Republic Services in a research report on Tuesday, February 18th. BMO Capital Markets reaffirmed an "outperform" rating and set a $280.00 price objective (up previously from $268.00) on shares of Republic Services in a research report on Monday, June 9th. National Bank Financial upgraded shares of Republic Services to a "hold" rating in a research report on Monday, May 26th. Finally, Melius assumed coverage on shares of Republic Services in a research report on Monday, June 9th. They issued a "hold" rating for the company. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Republic Services has a consensus rating of "Moderate Buy" and an average price target 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.