Retireful LLC Makes New $477,000 Investment in Republic Services, Inc. (NYSE:RSG)

Retireful LLC purchased a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,998 shares of the business services provider's stock, valued at approximately $477,000.

Other hedge funds also recently bought and sold shares of the company. Arcadia Investment Management Corp MI raised its position in Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after purchasing an additional 88 shares in the last quarter. New Age Alpha Advisors LLC increased its holdings 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 acquiring an additional 73 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of Republic Services in the 4th quarter valued at about $44,000. Generali Asset Management SPA SGR purchased a new position in shares of Republic Services in the 4th quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Republic Services in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Price Performance

Shares of RSG traded down $1.20 during mid-day trading on Thursday, hitting $252.92. The company's stock had a trading volume of 1,182,506 shares, compared to its average volume of 1,133,259. 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 firm has a 50-day simple moving average of $245.93 and a 200 day simple moving average of $228.20. The firm has a market capitalization of $79.04 billion, a P/E ratio of 38.97, a P/E/G ratio of 3.64 and a beta of 0.63. Republic Services, Inc. has a 1-year low of $185.07 and a 1-year high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. The business had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $1.45 EPS. Analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business 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 dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 0.92%. The ex-dividend date is Wednesday, July 2nd. Republic Services's payout ratio is 34.99%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup increased their price objective on Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. William Blair reiterated an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. Scotiabank increased their price objective on Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a report on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $266.00 price objective on shares of Republic Services in a report on Friday, April 25th. Finally, BMO Capital Markets raised their price target on Republic Services from $260.00 to $268.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Republic Services currently has a consensus rating of "Moderate Buy" and an average price target of $250.44.

Republic Services Company 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.