Mill Capital Management LLC Has $2.45 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Mill Capital Management LLC reduced its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 9.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,102 shares of the business services provider's stock after selling 1,000 shares during the quarter. Mill Capital Management LLC's holdings in Republic Services were worth $2,446,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Balboa Wealth Partners acquired a new stake in Republic Services during the 1st quarter worth approximately $203,000. Kirr Marbach & Co. LLC IN lifted its holdings in shares of Republic Services by 0.8% during the first quarter. Kirr Marbach & Co. LLC IN now owns 88,608 shares of the business services provider's stock worth $21,457,000 after buying an additional 745 shares in the last quarter. Legacy Advisors LLC acquired a new position in shares of Republic Services in the first quarter valued at about $211,000. Asset Management One Co. Ltd. increased its position in Republic Services by 2.2% during the first quarter. Asset Management One Co. Ltd. now owns 108,601 shares of the business services provider's stock worth $26,299,000 after acquiring an additional 2,335 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in Republic Services by 17.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 11,254 shares of the business services provider's stock valued at $2,725,000 after purchasing an additional 1,637 shares during the period. Institutional investors own 57.73% of the company's stock.

Republic Services Stock Performance

NYSE RSG opened at $250.75 on Wednesday. The company has a market capitalization of $78.36 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 3.84 and a beta of 0.63. Republic Services, Inc. has a twelve month low of $188.82 and a twelve month high of $258.75. The stock has a fifty day simple moving average of $248.83 and a 200 day simple moving average of $231.62. 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 issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.05. The company 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 12.88%. The firm's revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $1.45 earnings per share. Sell-side analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a yield of 0.93%. Republic Services's payout ratio is 34.99%.

Analyst Ratings Changes

RSG has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Republic Services from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Morgan Stanley raised their price target on Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Friday, April 25th. UBS Group increased their price objective on shares of Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. Scotiabank boosted their target price on shares of Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 8th. 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 equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently 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.

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