DekaBank Deutsche Girozentrale Grows Stock Holdings in Republic Services, Inc. (NYSE:RSG)

DekaBank Deutsche Girozentrale increased its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,112,663 shares of the business services provider's stock after acquiring an additional 7,336 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.36% of Republic Services worth $263,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of RSG. Golden State Wealth Management LLC increased its stake in shares of Republic Services by 3,533.3% during the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock worth $26,000 after buying an additional 106 shares during the period. New Age Alpha Advisors LLC grew its position in shares of Republic Services by 70.2% during the fourth 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 last quarter. Park Square Financial Group LLC purchased a new position in shares of Republic Services during the fourth quarter worth approximately $44,000. Generali Asset Management SPA SGR purchased a new position in shares of Republic Services during the fourth quarter worth approximately $45,000. Finally, Proathlete Wealth Management LLC acquired a new stake in shares of Republic Services during the first quarter worth $76,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RSG shares. BMO Capital Markets restated an "outperform" rating and issued a $280.00 price target (up previously from $268.00) on shares of Republic Services in a research report on Monday, June 9th. Robert W. Baird lifted their price target on Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a report on Friday, April 25th. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research note on Friday, April 25th. Scotiabank lifted their price objective on Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. boosted their price target on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $252.68.

Republic Services Trading Down 1.4%

NYSE RSG traded down $3.35 on Tuesday, reaching $239.13. The company had a trading volume of 1,893,460 shares, compared to its average volume of 1,145,608. The firm has a market cap of $74.73 billion, a price-to-earnings ratio of 36.07, a P/E/G ratio of 3.69 and a beta of 0.61. Republic Services, Inc. has a fifty-two week low of $188.82 and a fifty-two week high of $258.75. The business has a 50 day moving average of $248.90 and a two-hundred day moving average of $234.00. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66.

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, topping analysts' consensus estimates of $1.53 by $0.05. Republic Services had a net margin of 12.88% and a return on equity of 18.28%. The company had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The business's revenue was up 3.8% on a year-over-year basis. Analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.97%. Republic Services's dividend 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.