Republic Services, Inc. (NYSE:RSG) Stake Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 871,016 shares of the business services provider's stock after selling 69,934 shares during the quarter. Victory Capital Management Inc. owned approximately 0.28% of Republic Services worth $210,925,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RSG. Brighton Jones LLC grew its position in Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider's stock valued at $3,988,000 after acquiring an additional 8,547 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Republic Services by 0.4% in the 4th quarter. HighTower Advisors LLC now owns 27,461 shares of the business services provider's stock valued at $5,525,000 after buying an additional 102 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Republic Services by 28.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 45,684 shares of the business services provider's stock valued at $9,191,000 after buying an additional 10,072 shares during the period. Natixis Advisors LLC boosted its stake in shares of Republic Services by 6.9% in the 4th quarter. Natixis Advisors LLC now owns 141,764 shares of the business services provider's stock valued at $28,520,000 after buying an additional 9,124 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Republic Services by 7.4% in the 4th quarter. Parallel Advisors LLC now owns 3,840 shares of the business services provider's stock valued at $773,000 after buying an additional 264 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RSG shares. Scotiabank raised their target price on Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 8th. Royal Bank Of Canada reissued an "outperform" rating and set a $266.00 target price on shares of Republic Services in a research report on Friday, April 25th. Raymond James Financial reaffirmed an "outperform" rating on shares of Republic Services in a research report on Wednesday, April 16th. National Bank Financial raised Republic Services to a "hold" rating in a research report on Monday, May 26th. Finally, Melius initiated coverage on Republic Services in a research note on Monday, June 9th. They issued a "hold" rating on the stock. Ten 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $255.21.

Republic Services Stock Up 0.2%

RSG traded up $0.48 on Friday, reaching $240.65. The company's stock had a trading volume of 403,156 shares, compared to its average volume of 1,155,388. The stock has a market cap of $75.20 billion, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 3.65 and a beta of 0.61. Republic Services, Inc. has a 1 year low of $188.82 and a 1 year high of $258.75. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66. The business's 50 day moving average is $247.43 and its 200 day moving average is $235.67.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The firm had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the prior year, the firm posted $1.45 earnings per share. Republic Services's revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, July 2nd. Republic Services's dividend payout ratio is presently 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.