GAMMA Investing LLC Buys 3,503 Shares of Republic Services, Inc. (NYSE:RSG)

GAMMA Investing LLC increased its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 61.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,193 shares of the business services provider's stock after buying an additional 3,503 shares during the quarter. GAMMA Investing LLC's holdings in Republic Services were worth $2,226,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. DnB Asset Management AS boosted its stake in shares of Republic Services by 65.1% in the 4th quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider's stock valued at $14,672,000 after purchasing an additional 28,764 shares in the last quarter. Hickory Point Bank & Trust bought a new stake in Republic Services during the 4th quarter worth $790,000. Uniting Wealth Partners LLC bought a new position in Republic Services in the fourth quarter valued at about $266,000. BNP Paribas Financial Markets boosted its stake in shares of Republic Services by 3.4% during the fourth quarter. BNP Paribas Financial Markets now owns 435,835 shares of the business services provider's stock valued at $87,681,000 after purchasing an additional 14,273 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Republic Services by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock valued at $3,740,083,000 after acquiring an additional 144,719 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Down 0.2%

RSG stock traded down $0.45 during trading on Friday, reaching $244.27. The stock had a trading volume of 1,895,925 shares, compared to its average volume of 1,141,715. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $76.34 billion, a price-to-earnings ratio of 36.84, a P/E/G ratio of 3.74 and a beta of 0.63. Republic Services, Inc. has a one year low of $188.82 and a one year high of $258.75. The company's 50 day moving average is $248.90 and its two-hundred day moving average is $232.31.

Republic Services (NYSE:RSG - Get Free Report) last released 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. The company had revenue of $4.01 billion during 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%. Republic Services's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 earnings per share. Equities research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

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 $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) is currently 34.99%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. CIBC raised shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. upped their price target on Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Morgan Stanley lifted their price objective on Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. Wall Street Zen cut shares of Republic Services from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $266.00 price objective on shares of Republic Services in a research note on Friday, April 25th. Ten 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $252.68.

Republic Services 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.