Jefferies Financial Group Inc. Takes Position in Republic Services, Inc. (NYSE:RSG)

Jefferies Financial Group Inc. acquired a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,221 shares of the business services provider's stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Silvercrest Asset Management Group LLC lifted its position in shares of Republic Services by 0.5% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider's stock worth $1,740,000 after purchasing an additional 46 shares in the last quarter. FORA Capital LLC lifted its holdings in Republic Services by 0.7% in the fourth quarter. FORA Capital LLC now owns 7,659 shares of the business services provider's stock valued at $1,541,000 after buying an additional 50 shares during the period. Tower Wealth Partners Inc. grew its holdings in Republic Services by 3.3% during the 4th quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider's stock worth $341,000 after acquiring an additional 54 shares during the period. Umpqua Bank raised its position in shares of Republic Services by 3.2% during the 4th quarter. Umpqua Bank now owns 1,808 shares of the business services provider's stock valued at $374,000 after acquiring an additional 56 shares during the last quarter. Finally, Fidelis Capital Partners LLC lifted its stake in shares of Republic Services by 3.9% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,579 shares of the business services provider's stock valued at $349,000 after purchasing an additional 59 shares during the period. Institutional investors own 57.73% of the company's stock.

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on shares of Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Morgan Stanley increased their target price on shares of Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Wall Street Zen lowered shares of Republic Services from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Scotiabank raised their price objective on Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 8th. Finally, BMO Capital Markets raised their price target on Republic Services from $260.00 to $268.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $250.44.

Republic Services Trading Down 0.9%

Shares of NYSE:RSG traded down $2.31 during mid-day trading on Wednesday, hitting $254.15. The company had a trading volume of 1,465,586 shares, compared to its average volume of 1,133,223. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The company has a market capitalization of $79.42 billion, a PE ratio of 39.16, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. The firm has a fifty day moving average price of $245.93 and a 200 day moving average price of $228.20. Republic Services, Inc. has a one year low of $185.07 and a one year high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.45 earnings per share. As a group, research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend payout ratio is presently 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.