Wealthfront Advisers LLC Has $13.81 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Wealthfront Advisers LLC boosted its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 2.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,042 shares of the business services provider's stock after purchasing an additional 1,487 shares during the quarter. Wealthfront Advisers LLC's holdings in Republic Services were worth $13,813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Republic Services by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock worth $3,740,083,000 after purchasing an additional 144,719 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Republic Services by 3.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock valued at $1,259,855,000 after acquiring an additional 218,729 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Republic Services by 10.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock valued at $1,069,836,000 after acquiring an additional 499,237 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Republic Services by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,565,137 shares of the business services provider's stock valued at $918,045,000 after acquiring an additional 57,616 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Republic Services in the 4th quarter valued at about $553,039,000. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on RSG. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research note on Friday, April 25th. National Bank Financial raised Republic Services to a "hold" rating in a research note on Monday, May 26th. Raymond James Financial reaffirmed an "outperform" rating on shares of Republic Services in a research note on Wednesday, April 16th. Oppenheimer increased their target price on Republic Services from $262.00 to $268.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Finally, Seaport Res Ptn raised Republic Services to a "strong-buy" rating in a research note on Tuesday, May 6th. Ten research 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $255.21.

Republic Services Stock Up 0.3%

Shares of NYSE RSG traded up $0.63 during trading hours on Friday, hitting $240.80. The company had a trading volume of 369,436 shares, compared to its average volume of 1,155,297. The stock has a market capitalization of $75.25 billion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 3.65 and a beta of 0.61. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. Republic Services, Inc. has a 1-year low of $188.82 and a 1-year high of $258.75. The firm'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 released its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 EPS. On average, analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Wednesday, July 2nd. Republic Services's 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.