PharVision Advisers LLC Makes New Investment in Republic Services, Inc. (NYSE:RSG)

PharVision Advisers LLC purchased a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,680 shares of the business services provider's stock, valued at approximately $539,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Republic Services by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock worth $3,740,083,000 after purchasing an additional 144,719 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Republic Services by 3.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock worth $1,259,855,000 after acquiring an additional 218,729 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 acquiring an additional 499,237 shares during the period. Geode Capital Management LLC grew its position in Republic Services by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,565,137 shares of the business services provider's stock valued at $918,045,000 after acquiring an additional 57,616 shares in the last quarter. Finally, Norges Bank purchased a new stake in Republic Services during the fourth quarter worth about $553,039,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Up 0.7%

Shares of Republic Services stock traded up $1.79 during trading hours on Monday, hitting $252.79. The company had a trading volume of 1,074,391 shares, compared to its average volume of 1,128,341. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The company's 50-day moving average is $242.93 and its two-hundred day moving average is $225.98. The company has a market cap of $79.00 billion, a P/E ratio of 38.95, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $253.76.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly 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 during the quarter, compared to analysts' expectations of $4.08 billion. During the same period in the previous year, the company earned $1.45 earnings per share. Republic Services's quarterly revenue was up 3.8% compared to the same quarter last year. Analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company 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 $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend payout ratio is currently 34.99%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Truist Financial lifted their price objective on shares of Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Raymond James restated an "outperform" rating on shares of Republic Services in a research note on Wednesday, April 16th. JPMorgan Chase & Co. upped their price objective on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday. Wall Street Zen lowered Republic Services from a "buy" rating to a "hold" rating in a report on Saturday. Finally, William Blair restated an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Republic Services currently has an average rating of "Moderate Buy" and an average price target of $250.44.

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.