Republic Services, Inc. (NYSE:RSG) Shares Purchased by GAM Holding AG

GAM Holding AG boosted its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 22.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,742 shares of the business services provider's stock after acquiring an additional 2,669 shares during the period. GAM Holding AG's holdings in Republic Services were worth $3,570,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI lifted its position in Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after acquiring an additional 88 shares during the last quarter. New Age Alpha Advisors LLC raised its holdings in shares of Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock worth $36,000 after buying an additional 73 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of Republic Services in the fourth quarter worth $44,000. Generali Asset Management SPA SGR purchased a new position in shares of Republic Services in the fourth quarter worth $45,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Republic Services in the fourth quarter worth $48,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Republic Services from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Scotiabank raised their price target 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. Cibc World Mkts raised shares of Republic Services from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $266.00 price target on shares of Republic Services in a report on Friday, April 25th. Finally, Citigroup increased their price objective on shares of Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Republic Services presently has an average rating of "Moderate Buy" and an average price target of $252.68.

Republic Services Price Performance

Shares of NYSE RSG traded down $0.17 during trading on Friday, hitting $248.11. The company had a trading volume of 1,442,229 shares, compared to its average volume of 1,145,336. The stock has a fifty day simple moving average of $248.61 and a two-hundred day simple moving average of $231.14. Republic Services, Inc. has a fifty-two week low of $188.82 and a fifty-two week high of $258.75. The firm has a market capitalization of $77.53 billion, a price-to-earnings ratio of 37.42, a price-to-earnings-growth ratio of 3.80 and a beta of 0.63. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results 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 business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the business earned $1.45 earnings per share. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.94%. Republic Services's dividend payout ratio (DPR) 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.