Republic Services, Inc. (NYSE:RSG) Shares Purchased by Sonora Investment Management Group LLC

Sonora Investment Management Group LLC lifted its position in shares of Republic Services, Inc. (NYSE:RSG) by 0.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,887 shares of the business services provider’s stock after purchasing an additional 313 shares during the period. Republic Services accounts for 2.4% of Sonora Investment Management Group LLC’s portfolio, making the stock its 6th largest holding. Sonora Investment Management Group LLC’s holdings in Republic Services were worth $30,727,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of RSG. Arcadia Investment Management Corp MI raised its stake in Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after buying an additional 88 shares during the period. New Age Alpha Advisors LLC increased its holdings in shares of Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock worth $36,000 after acquiring an additional 73 shares during the last quarter. Park Square Financial Group LLC bought a new stake in Republic Services in the 4th quarter valued at $44,000. Generali Asset Management SPA SGR acquired a new stake in Republic Services during the 4th quarter valued at $45,000. Finally, Bank of Jackson Hole Trust bought a new position in Republic Services during the fourth quarter worth $48,000. 57.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RSG shares. Stifel Nicolaus upped their price target on shares of Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Wall Street Zen downgraded Republic Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Seaport Res Ptn upgraded Republic Services to a “strong-buy” rating in a research report on Tuesday, May 6th. UBS Group lifted their target price on Republic Services from $240.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, April 11th. Finally, National Bank Financial upgraded shares of Republic Services to a “hold” rating in a research note on Monday, May 26th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average price target of $252.68.

Republic Services Trading Down 1.4%

RSG opened at $249.38 on Tuesday. The company has a market cap of $77.93 billion, a P/E ratio of 38.42, a PEG ratio of 3.64 and a beta of 0.63. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The company’s 50 day moving average is $246.42 and its 200-day moving average is $229.24. Republic Services, Inc. has a 1-year low of $185.07 and a 1-year high of $258.75.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the business posted $1.45 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a yield of 0.93%. Republic Services’s dividend payout ratio is presently 34.99%.

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.