Rhumbline Advisers Raises Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Rhumbline Advisers raised its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 1.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 447,616 shares of the business services provider's stock after buying an additional 7,033 shares during the period. Rhumbline Advisers owned about 0.14% of Republic Services worth $108,395,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI grew its stake in shares of Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after purchasing an additional 88 shares during the last quarter. R Squared Ltd purchased a new stake in Republic Services in the 4th quarter worth approximately $32,000. New Age Alpha Advisors LLC grew its position 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 worth $36,000 after buying an additional 73 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of Republic Services during the fourth quarter valued at approximately $44,000. Finally, Generali Asset Management SPA SGR bought a new position in shares of Republic Services during the fourth quarter valued at approximately $45,000. Institutional investors own 57.73% of the company's stock.

Republic Services Stock Down 0.5%

Shares of RSG traded down $1.30 during trading hours on Tuesday, hitting $256.77. The company had a trading volume of 1,293,992 shares, compared to its average volume of 1,135,207. The stock has a market capitalization of $80.24 billion, a price-to-earnings ratio of 39.56, a P/E/G ratio of 3.64 and a beta of 0.66. The firm has a fifty day moving average price of $245.28 and a 200-day moving average price of $227.82. Republic Services, Inc. has a 52-week low of $183.81 and a 52-week high of $260.72. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58.

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

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a yield of 0.90%. Republic Services's dividend payout ratio is 34.99%.

Analysts Set New Price Targets

Several brokerages have commented on RSG. William Blair restated an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $266.00 price target on shares of Republic Services in a research note on Friday, April 25th. Seaport Res Ptn raised Republic Services to a "strong-buy" rating in a research report on Tuesday, May 6th. Cibc World Mkts upgraded Republic Services from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Finally, National Bank Financial upgraded Republic Services to a "hold" rating in a research note on Monday, May 26th. Eight 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.