West Family Investments Inc. Lowers Holdings in Republic Services, Inc. (NYSE:RSG)

West Family Investments Inc. cut its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 40.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,428 shares of the business services provider's stock after selling 2,947 shares during the quarter. West Family Investments Inc.'s holdings in Republic Services were worth $1,072,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in Republic Services by 0.4% in the 1st quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider's stock valued at $2,415,000 after purchasing an additional 44 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in Republic Services by 0.5% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider's stock valued at $1,740,000 after acquiring an additional 46 shares during the last quarter. Elevation Point Wealth Partners LLC grew its position in Republic Services by 4.2% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider's stock worth $279,000 after acquiring an additional 46 shares during the period. FORA Capital LLC increased its stake in Republic Services by 0.7% during the fourth quarter. FORA Capital LLC now owns 7,659 shares of the business services provider's stock worth $1,541,000 after acquiring an additional 50 shares during the last quarter. Finally, Rothschild Investment LLC lifted its stake in shares of Republic Services by 9.3% in the 1st quarter. Rothschild Investment LLC now owns 599 shares of the business services provider's stock valued at $145,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Stock Down 1.0%

NYSE RSG traded down $2.34 during trading on Tuesday, reaching $241.83. 1,199,287 shares of the company's stock were exchanged, compared to its average volume of 1,155,107. Republic Services, Inc. has a 1 year low of $188.82 and a 1 year high of $258.75. The stock has a market cap of $75.57 billion, a P/E ratio of 36.48, a price-to-earnings-growth ratio of 3.70 and a beta of 0.61. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.66 and a current ratio of 0.66. The company has a 50 day moving average price of $248.01 and a two-hundred day moving average price of $235.31.

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

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Wednesday, July 2nd. Republic Services's dividend payout ratio is currently 34.99%.

Wall Street Analyst Weigh In

A number of research firms have commented on RSG. Seaport Res Ptn raised shares of Republic Services to a "strong-buy" rating in a research report on Tuesday, May 6th. Morgan Stanley boosted their target price on Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. Raymond James Financial restated an "outperform" rating on shares of Republic Services in a research report on Wednesday, April 16th. National Bank Financial upgraded Republic Services to a "hold" rating in a report on Monday, May 26th. Finally, Melius assumed coverage on Republic Services in a report on Monday, June 9th. They set a "hold" rating for the company. Ten investment 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $255.21.

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.