Republic Services, Inc. (NYSE:RSG) Shares Purchased by Brookstone Capital Management

Brookstone Capital Management lifted its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 165.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,947 shares of the business services provider's stock after acquiring an additional 25,517 shares during the period. Brookstone Capital Management's holdings in Republic Services were worth $9,916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Versant Capital Management Inc increased its position in shares of 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 purchasing an additional 44 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in Republic Services by 0.5% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider's stock valued at $1,740,000 after buying an additional 46 shares in the last quarter. Elevation Point Wealth Partners LLC grew its holdings in 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 worth $279,000 after acquiring an additional 46 shares during the period. FORA Capital LLC raised its position in Republic Services by 0.7% in the fourth quarter. FORA Capital LLC now owns 7,659 shares of the business services provider's stock worth $1,541,000 after acquiring an additional 50 shares in the last quarter. Finally, Rothschild Investment LLC boosted its position in shares of Republic Services by 9.3% during the 1st quarter. Rothschild Investment LLC now owns 599 shares of the business services provider's stock valued at $145,000 after purchasing an additional 51 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Trading Up 1.5%

Republic Services stock opened at $241.14 on Friday. The business has a 50 day moving average price of $248.98 and a two-hundred day moving average price of $233.32. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. Republic Services, Inc. has a 12 month low of $188.82 and a 12 month high of $258.75. The stock has a market cap of $75.36 billion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 3.69 and a beta of 0.61.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.05. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a net margin of 12.88% and a return on equity of 18.28%. The business's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.45 earnings per share. As a group, equities analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current 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 given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.96%. Republic Services's dividend payout ratio (DPR) is presently 34.99%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Seaport Res Ptn raised shares of Republic Services to a "strong-buy" rating in a research note on Tuesday, May 6th. Melius started coverage on Republic Services in a report on Monday, June 9th. They issued a "hold" rating on the stock. Wall Street Zen lowered Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Morgan Stanley boosted their target price on Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Friday, April 25th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Republic Services in a research report on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $252.68.

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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