Republic Services, Inc. (NYSE:RSG) Shares Purchased by Capital Investment Advisors LLC

Capital Investment Advisors LLC grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 1.7% in the first quarter, Holdings Channel.com reports. The fund owned 9,997 shares of the business services provider’s stock after buying an additional 169 shares during the quarter. Capital Investment Advisors LLC’s holdings in Republic Services were worth $2,421,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new position in shares of Republic Services in the fourth quarter worth about $553,039,000. GAMMA Investing LLC boosted its stake in Republic Services by 39,024.4% in the 1st 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. Raymond James Financial Inc. purchased a new position in Republic Services during the 4th quarter worth approximately $184,827,000. Price T Rowe Associates Inc. MD raised its stake in 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 valued at $1,069,836,000 after purchasing an additional 499,237 shares during the period. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Republic Services by 170.6% in 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 purchasing an additional 368,395 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Republic Services Trading Down 0.1%

Shares of RSG opened at $252.93 on Monday. The stock’s 50-day moving average price is $246.33 and its 200 day moving average price is $229.01. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $79.04 billion, a price-to-earnings ratio of 38.97, a P/E/G ratio of 3.64 and a beta of 0.63. Republic Services, Inc. has a 12-month low of $185.07 and a 12-month high of $258.75.

Republic Services (NYSE:RSG) last announced 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 return on equity of 18.28% and a net margin of 12.74%. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the firm earned $1.45 EPS. Republic Services’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The business 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 dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a yield of 0.92%. Republic Services’s dividend payout ratio is currently 34.99%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Republic Services from $229.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, May 23rd. CIBC raised shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 target price for the company in a research note on Tuesday, March 4th. Wall Street Zen downgraded Republic Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. The Goldman Sachs Group upped their price objective on shares of Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Cibc World Mkts upgraded shares of Republic Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.44.

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.