Republic Services, Inc. (NYSE:RSG) Stock Position Reduced by Janney Capital Management LLC

Janney Capital Management LLC lessened its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 97.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 991 shares of the business services provider's stock after selling 39,914 shares during the period. Janney Capital Management LLC's holdings in Republic Services were worth $240,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Republic Services by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock valued at $3,740,083,000 after purchasing an additional 144,719 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in Republic Services by 3.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock valued at $1,259,855,000 after purchasing an additional 218,729 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Republic Services by 10.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock valued at $1,069,836,000 after purchasing an additional 499,237 shares during the last quarter. Geode Capital Management LLC increased its stake in Republic Services by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,565,137 shares of the business services provider's stock valued at $918,045,000 after purchasing an additional 57,616 shares during the last quarter. Finally, Norges Bank bought a new stake in Republic Services during the fourth quarter valued at $553,039,000. Institutional investors own 57.73% of the company's stock.

Republic Services Price Performance

Shares of NYSE RSG opened at $248.13 on Friday. Republic Services, Inc. has a fifty-two week low of $188.82 and a fifty-two week high of $258.75. The firm's 50-day simple moving average is $248.53 and its 200 day simple moving average is $230.81. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. The stock has a market cap of $77.54 billion, a P/E ratio of 37.43, a P/E/G ratio of 3.80 and a beta of 0.63.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results 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. Republic Services had a net margin of 12.88% 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 period in the previous year, the business earned $1.45 earnings per share. Republic Services's revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

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

Wall Street Analyst Weigh In

RSG has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. 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 report on Friday, April 25th. BMO Capital Markets reissued an "outperform" rating and set a $280.00 price target (up previously from $268.00) on shares of Republic Services in a report on Monday, June 9th. Scotiabank boosted their price target on shares of Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a report on Tuesday, April 8th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Republic Services in a report on Wednesday, April 16th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.

Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.