DekaBank Deutsche Girozentrale Has $263.47 Million Position in Republic Services, Inc. (NYSE:RSG)

DekaBank Deutsche Girozentrale grew its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 0.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,112,663 shares of the business services provider's stock after purchasing an additional 7,336 shares during the period. DekaBank Deutsche Girozentrale owned 0.36% of Republic Services worth $263,468,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC increased its holdings in shares of Republic Services by 3,533.3% in the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock worth $26,000 after acquiring an additional 106 shares during the period. New Age Alpha Advisors LLC increased 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 about $44,000. Generali Asset Management SPA SGR acquired a new stake in shares of Republic Services in the 4th quarter worth about $45,000. Finally, Proathlete Wealth Management LLC acquired a new stake in shares of Republic Services in the 1st quarter worth about $76,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Trading Up 0.5%

Shares of RSG traded up $1.15 during midday trading on Friday, hitting $241.24. The stock had a trading volume of 1,768,355 shares, compared to its average volume of 1,153,153. 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 simple moving average of $248.14 and a two-hundred day simple moving average of $234.60. The firm has a market cap of $75.39 billion, a P/E ratio of 36.39, a price-to-earnings-growth ratio of 3.68 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 (NYSE:RSG - Get Free Report) last announced its quarterly earnings data 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 posted $1.45 EPS. The business's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities 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. Investors of record on Wednesday, July 2nd will be issued 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 is Wednesday, July 2nd. Republic Services's dividend payout ratio is currently 34.99%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Scotiabank increased 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. Citigroup raised their target price on shares of Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Raymond James Financial reissued an "outperform" rating on shares of Republic Services in a research note on Wednesday, April 16th. Robert W. Baird raised their target price on shares of Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Finally, UBS Group raised their target price on shares of Republic Services from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $255.21.

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.