GAMMA Investing LLC Increases Position in Republic Services, Inc. (NYSE:RSG)

GAMMA Investing LLC boosted its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 39,024.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,226,177 shares of the business services provider's stock after acquiring an additional 2,220,487 shares during the quarter. GAMMA Investing LLC owned 0.71% of Republic Services worth $539,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Versant Capital Management Inc boosted its holdings in Republic Services by 0.4% during the 1st quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider's stock valued at $2,415,000 after acquiring an additional 44 shares during the period. Silvercrest Asset Management Group LLC boosted its holdings in Republic Services by 0.5% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider's stock valued at $1,740,000 after acquiring an additional 46 shares during the period. FORA Capital LLC lifted its holdings in Republic Services by 0.7% in the 4th quarter. FORA Capital LLC now owns 7,659 shares of the business services provider's stock worth $1,541,000 after buying an additional 50 shares during the period. Tower Wealth Partners Inc. lifted its holdings in Republic Services by 3.3% in the 4th quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider's stock worth $341,000 after buying an additional 54 shares during the period. Finally, Umpqua Bank lifted its holdings in Republic Services by 3.2% in the 4th quarter. Umpqua Bank now owns 1,808 shares of the business services provider's stock worth $374,000 after buying an additional 56 shares during the period. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Trading Down 0.5%

Shares of Republic Services stock traded down $1.30 during trading on Tuesday, hitting $256.77. The stock had a trading volume of 1,293,871 shares, compared to its average volume of 1,135,168. The firm's fifty day simple moving average is $245.28 and its 200-day simple moving average is $227.82. The stock has a market cap of $80.24 billion, a PE ratio of 39.56, a PEG ratio of 3.64 and a beta of 0.66. Republic Services, Inc. has a 12 month low of $183.81 and a 12 month high of $260.72. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

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 the consensus estimate of $1.53 by $0.05. The company 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%. Republic Services's quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business posted $1.45 EPS. As a group, sell-side analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

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 $0.58 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.90%. Republic Services's dividend payout ratio is currently 34.99%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RSG. Raymond James reiterated an "outperform" rating on shares of Republic Services in a report on Wednesday, April 16th. Wall Street Zen cut Republic Services from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Royal Bank of Canada reiterated an "outperform" rating and set a $266.00 price target on shares of Republic Services in a research report on Friday, April 25th. Robert W. Baird boosted their price target on shares of Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Finally, Morgan Stanley raised their target price 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 research 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 company's stock. According to MarketBeat, Republic Services presently 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.