AAFMAA Wealth Management & Trust LLC Sells 1,856 Shares of Republic Services, Inc. (NYSE:RSG)

AAFMAA Wealth Management & Trust LLC decreased its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,909 shares of the business services provider's stock after selling 1,856 shares during the period. AAFMAA Wealth Management & Trust LLC's holdings in Republic Services were worth $1,915,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RSG. Arcadia Investment Management Corp MI increased its stake in Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after purchasing an additional 88 shares during the last quarter. New Age Alpha Advisors LLC grew its position in shares of Republic Services by 70.2% during the fourth 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 position in shares of Republic Services during the fourth quarter worth about $44,000. Generali Asset Management SPA SGR bought a new position in shares of Republic Services during the fourth quarter worth about $45,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Republic Services during the fourth quarter worth about $48,000. Institutional investors own 57.73% of the company's stock.

Republic Services Trading Down 0.1%

NYSE:RSG traded down $0.23 on Friday, hitting $252.93. 709,641 shares of the stock were exchanged, compared to its average volume of 1,132,611. The stock has a market capitalization of $79.04 billion, a price-to-earnings ratio of 38.97, a P/E/G ratio of 3.64 and a beta of 0.63. Republic Services, Inc. has a 52 week low of $185.07 and a 52 week high of $258.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The company's 50-day moving average price is $246.33 and its 200 day moving average price is $228.80.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.05. The company had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.45 earnings per share. On average, equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Cibc World Mkts raised shares of Republic Services from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. upped their price target on shares of Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. The Goldman Sachs Group upped their price target on shares of Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. BMO Capital Markets upped their price target on shares of Republic Services from $260.00 to $268.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Finally, CIBC raised shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price target for the company in a report on Tuesday, March 4th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Republic Services has a consensus 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.