DB Fitzpatrick & Co Inc Sells 1,534 Shares of Republic Services, Inc. (NYSE:RSG)

DB Fitzpatrick & Co Inc decreased its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 11.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,142 shares of the business services provider's stock after selling 1,534 shares during the period. Republic Services makes up about 2.8% of DB Fitzpatrick & Co Inc's holdings, making the stock its 4th biggest position. DB Fitzpatrick & Co Inc's holdings in Republic Services were worth $2,940,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI grew its holdings in shares of Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after acquiring an additional 88 shares during the period. New Age Alpha Advisors LLC grew its holdings in shares of Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock worth $36,000 after acquiring an additional 73 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of Republic Services in the 4th quarter worth approximately $44,000. Generali Asset Management SPA SGR acquired a new stake in shares of Republic Services in the 4th quarter worth approximately $45,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Republic Services in the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Trading Down 0.3%

Shares of RSG opened at $248.13 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $77.54 billion, a P/E ratio of 37.43, a price-to-earnings-growth ratio of 3.81 and a beta of 0.63. The stock's fifty day simple moving average is $248.37 and its 200 day simple moving average is $230.58. Republic Services, Inc. has a twelve month low of $188.82 and a twelve month high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.05. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The business's quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company posted $1.45 EPS. On average, equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) is currently 34.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RSG shares. JPMorgan Chase & Co. upped their price target on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Seaport Res Ptn upgraded Republic Services to a "strong-buy" rating in a report on Tuesday, May 6th. Citigroup upped their target price on Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research note on Friday, April 25th. Finally, Robert W. Baird upped their target price on Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Ten equities 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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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