Republic Services, Inc. (NYSE:RSG) Position Increased by Founders Financial Alliance LLC

Founders Financial Alliance LLC boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 22.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,572 shares of the business services provider’s stock after buying an additional 287 shares during the quarter. Founders Financial Alliance LLC’s holdings in Republic Services were worth $381,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its position in Republic Services by 3,533.3% during the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock worth $26,000 after buying an additional 106 shares during the last quarter. Key Financial Inc increased its position in Republic Services by 380.8% during the first quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock worth $30,000 after buying an additional 99 shares during the last quarter. TCTC Holdings LLC increased its position in Republic Services by 113.8% during the first quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock worth $30,000 after buying an additional 66 shares during the last quarter. Park Square Financial Group LLC acquired a new position in Republic Services during the fourth quarter worth $44,000. Finally, Cheviot Value Management LLC acquired a new position in Republic Services during the first quarter worth $49,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Down 0.1%

Shares of RSG opened at $235.36 on Friday. The stock has a market cap of $73.48 billion, a price-to-earnings ratio of 34.82, a P/E/G ratio of 3.68 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12 month low of $197.60 and a 12 month high of $258.75. The company has a 50-day moving average price of $243.75 and a two-hundred day moving average price of $239.12.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. Republic Services’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Republic Services’s previous quarterly dividend of $0.58. The ex-dividend date is Thursday, October 2nd. Republic Services’s dividend payout ratio is presently 34.32%.

Wall Street Analysts Forecast Growth

RSG has been the topic of several research analyst reports. Morgan Stanley raised their price target 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. Melius Research raised Republic Services to a “hold” rating and set a $281.00 price target on the stock in a research report on Monday, June 9th. Raymond James Financial raised their price target on Republic Services from $257.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price target on Republic Services from $229.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. Finally, Seaport Res Ptn raised Republic Services to a “strong-buy” rating in a research report on Tuesday, May 6th. Nine research 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 company. Based on data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price of $262.17.

Republic Services 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.