PKO Investment Management Joint Stock Co Invests $2.36 Million in Republic Services, Inc. (NYSE:RSG)

PKO Investment Management Joint Stock Co purchased a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,747 shares of the business services provider's stock, valued at approximately $2,363,000.

Several other large investors have also modified their holdings of the stock. Arcadia Investment Management Corp MI increased its stake in shares of Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after purchasing an additional 88 shares during the period. R Squared Ltd purchased a new stake in shares of Republic Services during the fourth quarter valued at $32,000. New Age Alpha Advisors LLC increased its position in shares of Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock worth $36,000 after acquiring an additional 73 shares in the last quarter. Park Square Financial Group LLC purchased a new position in Republic Services during the 4th quarter worth approximately $44,000. Finally, Generali Asset Management SPA SGR acquired a new position in Republic Services during the fourth quarter valued at $45,000. Institutional investors own 57.73% of the company's stock.

Republic Services Trading Up 1.2%

Republic Services stock traded up $3.17 during trading hours on Friday, reaching $257.61. 2,680,727 shares of the company's stock traded hands, compared to its average volume of 1,138,381. Republic Services, Inc. has a fifty-two week low of $181.51 and a fifty-two week high of $257.84. The firm has a market capitalization of $80.50 billion, a price-to-earnings ratio of 39.69, a PEG 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. The firm's 50 day moving average is $244.48 and its 200-day moving average is $226.95.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results 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. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The firm had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter last year, the business earned $1.45 earnings per share. The company's revenue was up 3.8% compared to the same quarter last year. On average, analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 dividend yield of 0.90%. Republic Services's dividend payout ratio (DPR) is currently 34.99%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RSG shares. Argus set a $260.00 target price on shares of Republic Services in a research report on Tuesday, February 18th. Raymond James reissued an "outperform" rating on shares of Republic Services in a research report on Wednesday, April 16th. Robert W. Baird raised their price target on shares of Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. CIBC upgraded Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective on the stock in a research report on Tuesday, March 4th. Finally, Citigroup increased their price target on shares of Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $250.44.

About Republic Services

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.