VCI Wealth Management LLC Purchases New Stake in Republic Services, Inc. (NYSE:RSG)

VCI Wealth Management LLC purchased a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,073 shares of the business services provider's stock, valued at approximately $1,228,000.

A number of other hedge funds have also recently bought and sold shares of RSG. Norges Bank bought a new position in Republic Services in the 4th quarter worth about $553,039,000. GAMMA Investing LLC lifted its holdings in Republic Services by 39,024.4% in the first quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider's stock worth $539,091,000 after purchasing an additional 2,220,487 shares during the period. C WorldWide Group Holding A S bought a new position in Republic Services in the 1st quarter valued at about $230,013,000. Price T Rowe Associates Inc. MD raised its position in shares of Republic Services by 10.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock worth $1,069,836,000 after buying an additional 499,237 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its stake in shares of Republic Services by 170.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 584,345 shares of the business services provider's stock valued at $117,559,000 after acquiring an additional 368,395 shares during the period. Institutional investors and hedge funds own 57.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RSG shares. Wall Street Zen downgraded Republic Services from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Citigroup increased their price target on Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. BMO Capital Markets reaffirmed an "outperform" rating and set a $280.00 target price (up previously from $268.00) on shares of Republic Services in a report on Monday, June 9th. National Bank Financial raised shares of Republic Services to a "hold" rating in a research report on Monday, May 26th. Finally, Robert W. Baird upped their target price on shares of Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Ten investment 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $258.16.

Republic Services Stock Performance

Shares of NYSE RSG traded up $0.75 during mid-day trading on Tuesday, reaching $240.79. 222,101 shares of the company's stock were exchanged, compared to its average volume of 1,156,288. The firm has a market capitalization of $75.25 billion, a price-to-earnings ratio of 36.32, a price-to-earnings-growth ratio of 3.65 and a beta of 0.61. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66. Republic Services, Inc. has a 52 week low of $188.82 and a 52 week high of $258.75. The firm has a 50-day moving average price of $247.26 and a two-hundred day moving average price of $236.43.

Republic Services (NYSE:RSG - Get Free Report) last posted 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. The business had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $4.08 billion. Republic Services had a net margin of 12.88% and a return on equity of 18.28%. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.45 EPS. Analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Wednesday, July 2nd. Republic Services's payout ratio is 34.99%.

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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