Republic Services, Inc. (NYSE:RSG) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 11.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,767 shares of the business services provider's stock after buying an additional 1,540 shares during the period. D.A. Davidson & CO.'s holdings in Republic Services were worth $3,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in RSG. Versant Capital Management Inc boosted its stake in shares of Republic Services by 0.4% in the first quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider's stock worth $2,415,000 after buying an additional 44 shares during the last quarter. Silvercrest Asset Management Group LLC increased its holdings in shares of Republic Services by 0.5% in the fourth 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. Elevation Point Wealth Partners LLC increased its holdings in shares of Republic Services by 4.2% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider's stock valued at $279,000 after purchasing an additional 46 shares during the last quarter. FORA Capital LLC raised its position in Republic Services by 0.7% in the fourth 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 period. Finally, Rothschild Investment LLC raised its position in Republic Services by 9.3% in the first quarter. Rothschild Investment LLC now owns 599 shares of the business services provider's stock valued at $145,000 after purchasing an additional 51 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on RSG. Oppenheimer boosted their target price on Republic Services from $262.00 to $268.00 and gave the stock an "outperform" rating in a research note on Wednesday. UBS Group upped their price objective on Republic Services from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. William Blair reissued an "outperform" rating on shares of Republic Services in a research note on Friday, April 25th. Robert W. Baird upped their price target on Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Finally, Melius Research upgraded Republic Services to a "hold" rating and set a $281.00 target price on the stock in a report on Monday, June 9th. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $255.21.

Republic Services Stock Up 0.7%

NYSE:RSG traded up $1.63 on Wednesday, reaching $240.94. 632,028 shares of the stock traded hands, compared to its average volume of 1,275,741. The company has a market capitalization of $75.29 billion, a price-to-earnings ratio of 36.34, a PEG ratio of 3.72 and a beta of 0.61. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10. Republic Services, Inc. has a 12 month low of $188.82 and a 12 month high of $258.75. The company's fifty day simple moving average is $248.73 and its 200 day simple moving average is $234.04.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.05. Republic Services had a net margin of 12.88% and a return on equity of 18.28%. The firm had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter last year, the business posted $1.45 earnings per share. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently declared 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. This represents a $2.32 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's payout ratio is 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.