Republic Services, Inc. (NYSE:RSG) Shares Purchased by Board of the Pension Protection Fund

Board of the Pension Protection Fund lifted its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 31.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,400 shares of the business services provider's stock after buying an additional 1,300 shares during the period. Republic Services accounts for approximately 1.5% of Board of the Pension Protection Fund's holdings, making the stock its 2nd biggest position. Board of the Pension Protection Fund's holdings in Republic Services were worth $1,308,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in shares of Republic Services by 0.4% in the first quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider's stock valued at $2,415,000 after purchasing an additional 44 shares during the period. Silvercrest Asset Management Group LLC lifted its stake in shares of Republic Services by 0.5% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider's stock worth $1,740,000 after acquiring an additional 46 shares during the period. Elevation Point Wealth Partners LLC increased its stake in shares of Republic Services by 4.2% during the first quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider's stock valued at $279,000 after acquiring an additional 46 shares during the period. FORA Capital LLC raised its stake in shares of 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 in the last quarter. Finally, Rothschild Investment LLC raised its position in Republic Services by 9.3% in the first quarter. Rothschild Investment LLC now owns 599 shares of the business services provider's stock worth $145,000 after acquiring an additional 51 shares in the last quarter. Institutional investors own 57.73% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on RSG. Melius assumed coverage on shares of Republic Services in a research note on Monday, June 9th. They set a "hold" rating for the company. Citigroup upped their target price on Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. BMO Capital Markets reissued an "outperform" rating and issued a $280.00 price target (up previously from $268.00) on shares of Republic Services in a research note on Monday, June 9th. Royal Bank Of Canada reiterated an "outperform" rating and set a $266.00 price objective on shares of Republic Services in a research report on Friday, April 25th. Finally, Scotiabank boosted their price objective on shares of Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 8th. Ten investment 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $252.68.

Republic Services Stock Performance

RSG opened at $245.03 on Friday. Republic Services, Inc. has a 1 year low of $188.82 and a 1 year high of $258.75. The stock has a market cap of $76.57 billion, a PE ratio of 36.96, a P/E/G ratio of 3.74 and a beta of 0.63. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10. The stock's 50 day simple moving average is $248.88 and its 200-day simple moving average is $231.94.

Republic Services (NYSE:RSG - Get Free Report) last posted 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 company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The business's revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 earnings per share. Sell-side analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be paid a $0.58 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.95%. 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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