Vise Technologies Inc. Acquires 1,512 Shares of Republic Services, Inc. (NYSE:RSG)

Vise Technologies Inc. increased its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 69.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,691 shares of the business services provider's stock after acquiring an additional 1,512 shares during the quarter. Vise Technologies Inc.'s holdings in Republic Services were worth $743,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RSG. Barclays PLC increased its stake in Republic Services by 11.0% in the 3rd quarter. Barclays PLC now owns 675,163 shares of the business services provider's stock valued at $135,598,000 after buying an additional 66,842 shares during the period. Simon Quick Advisors LLC acquired a new stake in shares of Republic Services in the fourth quarter valued at approximately $237,000. Janney Montgomery Scott LLC grew its holdings in Republic Services by 18.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 65,723 shares of the business services provider's stock valued at $13,222,000 after buying an additional 10,142 shares during the last quarter. Brighton Jones LLC grew its holdings in Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider's stock valued at $3,988,000 after buying an additional 8,547 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Republic Services by 255.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 16,953 shares of the business services provider's stock valued at $3,411,000 after acquiring an additional 12,180 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Robert W. Baird lifted their target price on shares of Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a report on Friday, April 25th. National Bank Financial upgraded Republic Services to a "hold" rating in a research note on Monday. CIBC raised shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 target price on the stock in a report on Tuesday, March 4th. Finally, UBS Group increased their target price on Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Eight 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.44.

Republic Services Stock Down 0.3%

Republic Services stock traded down $0.83 during trading hours on Wednesday, hitting $254.08. 1,156,798 shares of the stock traded hands, compared to its average volume of 1,132,265. 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, Inc. has a one year low of $180.92 and a one year high of $260.08. The company has a market cap of $79.40 billion, a PE ratio of 39.15, a PEG ratio of 3.64 and a beta of 0.66. The firm's 50-day moving average price is $243.69 and its two-hundred day moving average price is $226.46.

Republic Services (NYSE:RSG - Get Free Report) last released 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. The business had revenue of $4.01 billion for 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 firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 EPS. On average, research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

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

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.