Cambridge Investment Research Advisors Inc. Has $5.31 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Cambridge Investment Research Advisors Inc. increased its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 11.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,912 shares of the business services provider's stock after buying an additional 2,270 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Republic Services were worth $5,306,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Republic Services by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock worth $3,740,083,000 after buying an additional 144,719 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of Republic Services by 3.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock worth $1,259,855,000 after purchasing an additional 218,729 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Republic Services by 10.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock worth $1,069,836,000 after purchasing an additional 499,237 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 last quarter. Finally, Norges Bank purchased a new stake in shares of Republic Services in the fourth quarter worth approximately $553,039,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Price Performance

Republic Services stock opened at $244.27 on Friday. Republic Services, Inc. has a one year low of $188.82 and a one year high of $258.75. The business has a fifty day moving average price of $248.90 and a 200-day moving average price of $232.16. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $76.34 billion, a P/E ratio of 36.84, a PEG ratio of 3.75 and a beta of 0.63.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 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 12.88%. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the company earned $1.45 earnings per share. The business's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Wednesday, July 2nd. Republic Services's payout ratio is currently 34.99%.

Analyst Upgrades and Downgrades

RSG has been the subject of several analyst reports. National Bank Financial raised Republic Services to a "hold" rating in a research note on Monday, May 26th. Robert W. Baird increased their price target on Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Morgan Stanley increased their price target 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. JPMorgan Chase & Co. increased their price target on Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Finally, William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research report on Friday, April 25th. Ten 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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