James Investment Research Inc. acquired a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,701 shares of the business services provider's stock, valued at approximately $1,623,000.
A number of other institutional investors and hedge funds have also made changes to their positions in RSG. Golden State Wealth Management LLC lifted its position 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 purchasing an additional 106 shares during the last quarter. Key Financial Inc lifted its position in shares of Republic Services by 380.8% during the first quarter. Key Financial Inc now owns 125 shares of the business services provider's stock worth $30,000 after purchasing an additional 99 shares during the last quarter. New Age Alpha Advisors LLC lifted 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 purchasing an additional 73 shares during the last quarter. Park Square Financial Group LLC bought a new position in shares of Republic Services during the fourth quarter worth about $44,000. Finally, Generali Asset Management SPA SGR bought a new position in shares of Republic Services during the fourth quarter worth about $45,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
RSG has been the topic of a number of recent research reports. Oppenheimer raised their target price on shares of Republic Services from $262.00 to $268.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Seaport Res Ptn raised shares of Republic Services to a "strong-buy" rating in a report on Tuesday, May 6th. William Blair reissued an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. 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 note on Monday, June 9th. Finally, Scotiabank raised their price target on shares of Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $255.21.
Check Out Our Latest Research Report on Republic Services
Republic Services Trading Down 0.5%
Republic Services stock traded down $1.33 during midday trading on Thursday, reaching $240.03. The stock had a trading volume of 1,667,203 shares, compared to its average volume of 1,157,725. The firm's fifty day simple moving average is $247.61 and its two-hundred day simple moving average is $235.40. The firm has a market cap of $75.01 billion, a price-to-earnings ratio of 36.20, a PEG ratio of 3.66 and a beta of 0.61. Republic Services, Inc. has a twelve month low of $188.82 and a twelve month high of $258.75. 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 results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.05. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a net margin of 12.88% and a return on equity of 18.28%. Republic Services's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.45 EPS. Equities analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.
Republic Services Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd were given a dividend of $0.58 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.97%. Republic Services's dividend payout ratio (DPR) is currently 34.99%.
Republic Services Company Profile
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Free Report)
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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