Bensler LLC Has $6.61 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Bensler LLC grew its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 31.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,283 shares of the business services provider's stock after acquiring an additional 6,591 shares during the quarter. Bensler LLC's holdings in Republic Services were worth $6,607,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Republic Services by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock valued at $3,740,083,000 after acquiring an additional 144,719 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of Republic Services by 3.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock valued at $1,259,855,000 after acquiring an additional 218,729 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Republic Services by 10.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock valued at $1,069,836,000 after acquiring an additional 499,237 shares during the period. Geode Capital Management LLC lifted its holdings in Republic Services by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,565,137 shares of the business services provider's stock worth $918,045,000 after purchasing an additional 57,616 shares during the period. Finally, Norges Bank acquired a new stake in Republic Services in the fourth quarter worth about $553,039,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. UBS Group upped their price objective on shares of Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Scotiabank upped their price objective on shares of Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. Stifel Nicolaus upped their price objective on shares of Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, Citigroup upped their price objective on shares of Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Ten 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.68.

Republic Services Stock Down 0.4%

NYSE:RSG 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 1,142,267. 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, Inc. has a 1 year low of $186.01 and a 1 year high of $258.75. The firm has a 50-day moving average price of $247.08 and a 200-day moving average price of $229.73. The company has a market cap of $78.36 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 3.64 and a beta of 0.63.

Republic Services (NYSE:RSG - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.05. The company had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. 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 business posted $1.45 EPS. Equities analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 dividend on an annualized basis and a yield of 0.93%. Republic Services's 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.