Shares of Republic Services, Inc. (NYSE:RSG) reached a new 52-week high on Thursday . The company traded as high as $85.36 and last traded at $85.11, with a volume of 37623 shares changing hands. The stock had previously closed at $84.03.

RSG has been the subject of a number of recent analyst reports. Stifel Nicolaus raised shares of Republic Services from a “hold” rating to a “buy” rating and increased their target price for the company from $86.00 to $90.00 in a research report on Monday, April 29th. KeyCorp initiated coverage on shares of Republic Services in a research report on Monday, February 4th. They set a “sector weight” rating and a $77.73 target price for the company. Royal Bank of Canada initiated coverage on shares of Republic Services in a research report on Wednesday, May 1st. They set a “sector perform” rating and a $87.00 target price for the company. Zacks Investment Research raised shares of Republic Services from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. Finally, UBS Group increased their target price on shares of Republic Services from $79.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.97.

The stock has a market capitalization of $26.87 billion, a P/E ratio of 27.54, a P/E/G ratio of 2.72 and a beta of 0.57. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.42 and a current ratio of 0.42.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.50 billion. Republic Services had a net margin of 10.25% and a return on equity of 12.72%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. On average, equities research analysts predict that Republic Services, Inc. will post 3.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, June 28th. Republic Services’s dividend payout ratio (DPR) is 48.54%.

In other news, Director Tomago Collins sold 4,102 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $80.59, for a total transaction of $330,580.18. Following the completion of the sale, the director now directly owns 14,821 shares of the company’s stock, valued at approximately $1,194,424.39. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ramon A. Rodriguez sold 5,480 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $79.75, for a total value of $437,030.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 151,575 shares of company stock valued at $12,472,125. Insiders own 0.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in RSG. Van Leeuwen & Company LLC grew its holdings in Republic Services by 1.5% during the 1st quarter. Van Leeuwen & Company LLC now owns 8,431 shares of the business services provider’s stock valued at $678,000 after buying an additional 121 shares in the last quarter. Ballentine Partners LLC grew its holdings in Republic Services by 3.5% during the 1st quarter. Ballentine Partners LLC now owns 3,822 shares of the business services provider’s stock valued at $307,000 after buying an additional 131 shares in the last quarter. Peak Asset Management LLC grew its holdings in Republic Services by 0.6% during the 4th quarter. Peak Asset Management LLC now owns 21,790 shares of the business services provider’s stock valued at $1,571,000 after buying an additional 140 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Republic Services by 4.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,044 shares of the business services provider’s stock valued at $219,000 after buying an additional 141 shares in the last quarter. Finally, Suntrust Banks Inc. grew its holdings in Republic Services by 2.1% during the 4th quarter. Suntrust Banks Inc. now owns 7,380 shares of the business services provider’s stock valued at $532,000 after buying an additional 154 shares in the last quarter. 60.75% of the stock is owned by institutional investors.

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Republic Services Company Profile (NYSE:RSG)

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.

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