Republic Services Inc. (NYSE:RSG) hit a new 52-week high during trading on Wednesday . The stock traded as high as $52.41 and last traded at $52.37, with a volume of 1,003,656 shares traded. The stock had previously closed at $51.73.

RSG has been the topic of several research analyst reports. Oppenheimer Holdings Inc. initiated coverage on shares of Republic Services in a research note on Wednesday, May 4th. They set a “market perform” rating on the stock. Zacks Investment Research upgraded shares of Republic Services from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Tuesday, April 19th. First Analysis lifted their price target on shares of Republic Services from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 7th. Argus initiated coverage on shares of Republic Services in a research note on Wednesday, May 18th. They set a “hold” rating and a $50.00 price target on the stock. Finally, Barclays PLC upgraded shares of Republic Services from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $45.00 to $52.00 in a research note on Tuesday, May 3rd. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $50.44.

The stock has a market cap of $17.91 billion and a price-to-earnings ratio of 24.91. The stock has a 50-day moving average price of $49.45 and a 200 day moving average price of $46.73.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, April 28th. The company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The firm earned $2.25 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Republic Services’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share. Equities research analysts predict that Republic Services Inc. will post $2.16 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, July 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.20 annualized dividend and a dividend yield of 2.30%.

In other news, CAO Brian A. Goebel sold 1,695 shares of the company’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $52.10, for a total value of $88,309.50. Following the completion of the transaction, the chief accounting officer now directly owns 6,391 shares in the company, valued at $332,971.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Donald W. Slager sold 106,112 shares of the company’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $48.52, for a total transaction of $5,148,554.24. Following the completion of the transaction, the chief executive officer now owns 232,709 shares of the company’s stock, valued at $11,291,040.68. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently bought and sold shares of RSG. Madison Investment Holdings Inc. increased its position in Republic Services by 6.4% in the fourth quarter. Madison Investment Holdings Inc. now owns 474,360 shares of the company’s stock worth $20,867,000 after buying an additional 28,500 shares during the period. GSA Capital Partners LLP increased its position in Republic Services by 155.9% in the fourth quarter. GSA Capital Partners LLP now owns 52,967 shares of the company’s stock worth $2,330,000 after buying an additional 32,271 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its position in Republic Services by 2.2% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 370,252 shares of the company’s stock worth $16,491,000 after buying an additional 8,040 shares during the period. Quantitative Investment Management LLC increased its position in Republic Services by 688.9% in the fourth quarter. Quantitative Investment Management LLC now owns 49,700 shares of the company’s stock worth $2,186,000 after buying an additional 43,400 shares during the period. Finally, GAM Holding AG increased its position in Republic Services by 7.6% in the fourth quarter. GAM Holding AG now owns 118,145 shares of the company’s stock worth $5,197,000 after buying an additional 8,380 shares during the period.

Republic Services, Inc is a provider of services in the domestic non-hazardous solid waste services industry. The Company provides non-hazardous solid waste collection services for commercial, industrial, municipal and residential customers. The Company operates three geographic operating regions that are also its segments: East, Central and West.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.