B. Riley Wealth Advisors Inc. Decreases Stock Holdings in Republic Services, Inc. (NYSE:RSG)

B. Riley Wealth Advisors Inc. trimmed its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 44.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,543 shares of the business services provider's stock after selling 3,657 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Republic Services were worth $914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Silvercrest Asset Management Group LLC increased its position in shares of Republic Services by 0.5% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider's stock valued at $1,740,000 after purchasing an additional 46 shares during the last quarter. FORA Capital LLC increased its position in shares of Republic Services by 0.7% during the 4th quarter. FORA Capital LLC now owns 7,659 shares of the business services provider's stock valued at $1,541,000 after purchasing an additional 50 shares during the last quarter. Tower Wealth Partners Inc. increased its position in shares of Republic Services by 3.3% during the 4th quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider's stock valued at $341,000 after purchasing an additional 54 shares during the last quarter. Umpqua Bank increased its position in shares of Republic Services by 3.2% during the 4th quarter. Umpqua Bank now owns 1,808 shares of the business services provider's stock valued at $374,000 after purchasing an additional 56 shares during the last quarter. Finally, Fidelis Capital Partners LLC increased its position in shares of Republic Services by 3.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,579 shares of the business services provider's stock valued at $349,000 after purchasing an additional 59 shares during the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Up 1.2%

Shares of RSG traded up $3.17 during midday trading on Friday, reaching $257.61. 2,680,727 shares of the stock were exchanged, compared to its average volume of 1,133,342. Republic Services, Inc. has a 52 week low of $183.81 and a 52 week high of $257.93. 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 company's 50 day moving average is $244.87 and its two-hundred day moving average is $227.35. The company has a market capitalization of $80.50 billion, a P/E ratio of 39.69, a PEG ratio of 3.64 and a beta of 0.66.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the company earned $1.45 EPS. The business's revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently declared 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. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Wednesday, July 2nd. Republic Services's payout ratio is 34.99%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Seaport Res Ptn raised Republic Services to a "strong-buy" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. boosted their target price on Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Morgan Stanley boosted their target price on Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. The Goldman Sachs Group upped their price objective on Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Cibc World Mkts raised Republic Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Republic Services presently has an average rating of "Moderate Buy" and a consensus target price of $250.44.

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.