QRG Capital Management Inc. Increases Holdings in Republic Services, Inc. (NYSE:RSG)

QRG Capital Management Inc. raised its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,433 shares of the business services provider's stock after purchasing an additional 1,326 shares during the quarter. QRG Capital Management Inc.'s holdings in Republic Services were worth $15,603,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RSG. Arcadia Investment Management Corp MI lifted its position in Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after acquiring an additional 88 shares in the last quarter. New Age Alpha Advisors LLC raised its stake 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 valued at $36,000 after purchasing an additional 73 shares during the period. Park Square Financial Group LLC acquired a new position in shares of Republic Services during the fourth quarter worth $44,000. Generali Asset Management SPA SGR purchased a new position in shares of Republic Services in the fourth quarter valued at $45,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Republic Services during the 4th quarter valued at $48,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RSG shares. Argus set a $260.00 price objective on shares of Republic Services in a report on Tuesday, February 18th. JPMorgan Chase & Co. increased their price target on Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. National Bank Financial upgraded Republic Services to a "hold" rating in a research note on Monday, May 26th. Morgan Stanley upped their target price on Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. Finally, Stifel Nicolaus raised their price target on shares of Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Ten 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. Based on data from MarketBeat, Republic Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $252.68.

Republic Services Stock Down 1.1%

NYSE:RSG opened at $248.42 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The stock has a 50 day moving average of $247.98 and a 200-day moving average of $230.33. The firm has a market capitalization of $77.63 billion, a PE ratio of 38.28, a price-to-earnings-growth ratio of 3.64 and a beta of 0.63. Republic Services, Inc. has a 52 week low of $188.14 and a 52 week high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, topping analysts' consensus estimates 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 firm's revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.45 EPS. Analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.93%. Republic Services's dividend payout ratio (DPR) is presently 34.99%.

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.

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