Republic Services, Inc. (NYSE:RSG) Shares Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc boosted its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 8.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,378 shares of the business services provider's stock after buying an additional 6,764 shares during the quarter. Republic Services accounts for approximately 2.0% of Marks Group Wealth Management Inc's portfolio, making the stock its 3rd largest holding. Marks Group Wealth Management Inc's holdings in Republic Services were worth $20,675,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. DnB Asset Management AS increased its stake in Republic Services by 65.1% in the 4th quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider's stock valued at $14,672,000 after purchasing an additional 28,764 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in Republic Services by 3,533.3% in the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock valued at $26,000 after purchasing an additional 106 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Republic Services by 0.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider's stock valued at $136,397,000 after buying an additional 4,110 shares in the last quarter. Uniting Wealth Partners LLC acquired a new position in shares of Republic Services during the 4th quarter worth $266,000. Finally, Sowell Financial Services LLC purchased a new stake in shares of Republic Services in the 1st quarter worth about $260,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. UBS Group raised their target price on shares of Republic Services from $240.00 to $250.00 and gave the company a "neutral" rating in a report on Friday, April 11th. Raymond James Financial reissued an "outperform" rating on shares of Republic Services in a research note on Wednesday, April 16th. Royal Bank Of Canada restated an "outperform" rating and set a $266.00 price objective on shares of Republic Services in a research report on Friday, April 25th. Seaport Res Ptn upgraded Republic Services to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, National Bank Financial raised Republic Services to a "hold" rating in a report on Monday, May 26th. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $255.21.

Republic Services Trading Up 0.5%

RSG stock traded up $1.15 on Friday, hitting $241.24. 1,768,355 shares of the company were exchanged, compared to its average volume of 1,154,194. The stock has a market capitalization of $75.39 billion, a price-to-earnings ratio of 36.39, a price-to-earnings-growth ratio of 3.69 and a beta of 0.61. The business's fifty day moving average is $248.14 and its two-hundred day moving average is $234.81. Republic Services, Inc. has a twelve month low of $188.82 and a twelve month high of $258.75. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66.

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, 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 12.88%. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm posted $1.45 EPS. The business's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) 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.