TFR Capital LLC. Invests $294,000 in Republic Services, Inc. (NYSE:RSG)

TFR Capital LLC. acquired a new stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,463 shares of the business services provider's stock, valued at approximately $294,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arcadia Investment Management Corp MI increased its position in 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 period. R Squared Ltd bought a new stake in Republic Services during the 4th quarter worth approximately $32,000. New Age Alpha Advisors LLC increased its stake in Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock worth $36,000 after purchasing an additional 73 shares in the last quarter. Park Square Financial Group LLC bought a new stake in Republic Services during the 4th quarter worth approximately $44,000. Finally, Generali Asset Management SPA SGR bought a new stake in Republic Services during the 4th quarter worth approximately $45,000. 57.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RSG. The Goldman Sachs Group increased their price target on Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Royal Bank of Canada reiterated an "outperform" rating and set a $266.00 price objective on shares of Republic Services in a research report on Friday, April 25th. Scotiabank increased their target price on Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. Wall Street Zen cut Republic Services from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Robert W. Baird increased their price objective on shares of Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $250.44.

Republic Services Price Performance

RSG traded up $0.23 during trading on Thursday, hitting $254.31. 840,271 shares of the company traded hands, compared to its average volume of 1,132,477. The stock's 50-day simple moving average is $244.12 and its two-hundred day simple moving average is $226.65. Republic Services, Inc. has a 1 year low of $180.92 and a 1 year high of $255.54. The company has a market cap of $79.47 billion, a PE ratio of 39.18, a P/E/G ratio of 3.64 and a beta of 0.66. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04.

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

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.91%. Republic Services's dividend payout ratio is presently 34.99%.

Republic Services 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.