Axxcess Wealth Management LLC Has $1.17 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Axxcess Wealth Management LLC reduced its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 22.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,848 shares of the business services provider's stock after selling 1,434 shares during the period. Axxcess Wealth Management LLC's holdings in Republic Services were worth $1,174,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in RSG. Golden State Wealth Management LLC lifted its holdings in Republic Services by 3,533.3% during the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock valued at $26,000 after purchasing an additional 106 shares during the last quarter. New Age Alpha Advisors LLC lifted its holdings in 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 purchasing an additional 73 shares during the last quarter. Park Square Financial Group LLC bought a new position in Republic Services during the 4th quarter valued at about $44,000. Generali Asset Management SPA SGR bought a new position in Republic Services during the 4th quarter valued at about $45,000. Finally, Proathlete Wealth Management LLC bought a new position in Republic Services during the 1st quarter valued at about $76,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on RSG. Scotiabank lifted their price target on shares of Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a report on Tuesday, April 8th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $266.00 target price on shares of Republic Services in a research note on Friday, April 25th. Citigroup boosted their target price on shares of Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $280.00 target price (up from $268.00) on shares of Republic Services in a research note on Monday, June 9th. Finally, National Bank Financial raised shares of Republic Services to a "hold" rating in a research note on Monday, May 26th. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $255.21.

Republic Services Trading Up 0.5%

NYSE RSG traded up $1.15 during trading on Friday, reaching $241.24. 1,768,355 shares of the stock traded hands, compared to its average volume of 1,154,194. The firm has a market cap of $75.39 billion, a price-to-earnings ratio of 36.39, a price-to-earnings-growth ratio of 3.69 and a beta of 0.61. The stock's 50-day moving average price is $248.14 and its 200 day moving average price is $234.81. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. Republic Services, Inc. has a fifty-two week low of $188.82 and a fifty-two week high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data 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. 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 12.88% and a return on equity of 18.28%. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.45 earnings per share. Analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend payout ratio is currently 34.99%.

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.