NBC Securities Inc. Acquires 18,229 Shares of Republic Services, Inc. (NYSE:RSG)

NBC Securities Inc. lifted its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 101,272.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,247 shares of the business services provider's stock after buying an additional 18,229 shares during the period. NBC Securities Inc.'s holdings in Republic Services were worth $4,418,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Worth Asset Management LLC acquired a new position in shares of Republic Services in the 1st quarter valued at about $209,000. Czech National Bank increased its position in Republic Services by 5.6% in the 1st quarter. Czech National Bank now owns 46,622 shares of the business services provider's stock worth $11,290,000 after purchasing an additional 2,488 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Republic Services by 1.6% during the 1st quarter. Rhumbline Advisers now owns 447,616 shares of the business services provider's stock worth $108,395,000 after purchasing an additional 7,033 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of Republic Services by 3.7% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,271 shares of the business services provider's stock valued at $550,000 after buying an additional 80 shares in the last quarter. Finally, Rothschild Investment LLC raised its position in Republic Services by 9.3% during the first quarter. Rothschild Investment LLC now owns 599 shares of the business services provider's stock valued at $145,000 after acquiring an additional 51 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on RSG. CIBC upgraded shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price target on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. raised their target price on Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $266.00 target price on shares of Republic Services in a report on Friday, April 25th. The Goldman Sachs Group increased their price objective on Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley boosted their price target on Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a research note on Friday, April 25th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Republic Services currently has an average rating of "Moderate Buy" and a consensus target price of $250.44.

Republic Services Price Performance

RSG traded down $1.30 during midday trading on Tuesday, hitting $256.77. The company had a trading volume of 1,293,992 shares, compared to its average volume of 1,135,207. Republic Services, Inc. has a twelve month low of $183.81 and a twelve month high of $260.72. The firm's 50-day simple moving average is $245.28 and its 200-day simple moving average is $227.82. The company has a market capitalization of $80.24 billion, a PE ratio of 39.56, a P/E/G ratio of 3.64 and a beta of 0.66. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.05. The firm had revenue of $4.01 billion for 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 business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 EPS. Equities research analysts predict 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 will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date 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.