Republic Services, Inc. (NYSE:RSG) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 18.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,006 shares of the business services provider's stock after purchasing an additional 3,053 shares during the period. Exchange Traded Concepts LLC's holdings in Republic Services were worth $4,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in Republic Services by 0.4% during the first quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider's stock worth $2,415,000 after acquiring an additional 44 shares during the period. Silvercrest Asset Management Group LLC grew its stake in shares of 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 worth $1,740,000 after purchasing an additional 46 shares during the period. Elevation Point Wealth Partners LLC increased its holdings in shares of Republic Services by 4.2% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider's stock valued at $279,000 after purchasing an additional 46 shares in the last quarter. FORA Capital LLC lifted 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 valued at $1,541,000 after purchasing an additional 50 shares during the period. Finally, Rothschild Investment LLC boosted its holdings in Republic Services by 9.3% during the first quarter. Rothschild Investment LLC now owns 599 shares of the business services provider's stock worth $145,000 after buying an additional 51 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Performance

Shares of Republic Services stock opened at $250.75 on Monday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The business's 50 day moving average price is $247.56 and its 200 day moving average price is $230.12. The company has a market cap of $78.36 billion, a price-to-earnings ratio of 38.64, a PEG ratio of 3.64 and a beta of 0.63. Republic Services, Inc. has a one year low of $188.14 and a one year high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating 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 firm had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the previous year, the company posted $1.45 EPS. The company's revenue was up 3.8% compared to the same quarter last year. On average, research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a $0.58 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a yield of 0.93%. Republic Services's payout ratio is 34.99%.

Analysts Set New Price Targets

Several research firms have recently issued reports on RSG. Wall Street Zen lowered shares of Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. The Goldman Sachs Group increased their price target on Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Cibc World Mkts upgraded Republic Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. BMO Capital Markets reiterated an "outperform" rating and set a $280.00 target price (up previously from $268.00) on shares of Republic Services in a research report on Monday, June 9th. Finally, UBS Group lifted their price target on shares of Republic Services from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus 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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