GAMMA Investing LLC Raises Stock Holdings in Republic Services, Inc. (NYSE:RSG)

GAMMA Investing LLC raised its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 39,024.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,226,177 shares of the business services provider's stock after purchasing an additional 2,220,487 shares during the period. GAMMA Investing LLC owned approximately 0.71% of Republic Services worth $539,091,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RSG. Arcadia Investment Management Corp MI boosted its stake in 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 worth $27,000 after buying an additional 88 shares in the last quarter. R Squared Ltd bought a new stake in shares of Republic Services in the 4th quarter worth approximately $32,000. New Age Alpha Advisors LLC boosted its stake in shares of Republic Services by 70.2% in the 4th 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 in the last quarter. Park Square Financial Group LLC bought a new position in shares of Republic Services during the 4th quarter valued at $44,000. Finally, Generali Asset Management SPA SGR bought a new stake in Republic Services in the fourth quarter worth $45,000. Institutional investors own 57.73% of the company's stock.

Republic Services Stock Performance

RSG stock traded down $1.66 on Wednesday, hitting $254.80. The company had a trading volume of 456,631 shares, compared to its average volume of 1,130,541. Republic Services, Inc. has a 12-month low of $184.50 and a 12-month high of $258.75. 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's 50-day simple moving average is $245.61 and its 200 day simple moving average is $228.02. The stock has a market cap of $79.62 billion, a price-to-earnings ratio of 39.26, a P/E/G ratio of 3.64 and a beta of 0.66.

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 the consensus estimate of $1.53 by $0.05. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The company had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter last year, the company posted $1.45 earnings per share. The firm's quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.91%. The ex-dividend date is Wednesday, July 2nd. Republic Services's dividend payout ratio is currently 34.99%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Wall Street Zen lowered Republic Services from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Robert W. Baird increased their price objective on Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Argus set a $260.00 price objective on Republic Services in a report on Tuesday, February 18th. Finally, Scotiabank boosted their target price on Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 8th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $250.44.

Republic Services 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.