Asset Management One Co. Ltd. lifted its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,601 shares of the business services provider's stock after acquiring an additional 2,335 shares during the period. Asset Management One Co. Ltd.'s holdings in Republic Services were worth $26,299,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in RSG. New Age Alpha Advisors LLC increased 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 valued at $36,000 after acquiring an additional 73 shares in the last quarter. Park Square Financial Group LLC bought a new stake in shares of Republic Services during the fourth quarter valued at approximately $44,000. Generali Asset Management SPA SGR bought a new stake in shares of Republic Services during the fourth quarter valued at approximately $45,000. Proathlete Wealth Management LLC bought a new stake in shares of Republic Services during the first quarter valued at approximately $76,000. Finally, Avalon Trust Co bought a new stake in shares of Republic Services during the fourth quarter valued at approximately $80,000. Institutional investors own 57.73% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on RSG shares. Truist Financial lifted their target price on shares of Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Citigroup lifted their target price on shares of Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research report on Friday, April 25th. Cibc World Mkts raised shares of Republic Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Finally, CIBC upgraded shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price target on the stock in a research note on Tuesday, March 4th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $252.68.
Get Our Latest Stock Analysis on Republic Services
Republic Services Trading Up 0.0%
Shares of Republic Services stock opened at $250.75 on Wednesday. The company has a market capitalization of $78.36 billion, a P/E ratio of 37.82, a P/E/G ratio of 3.84 and a beta of 0.63. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.66 and a current ratio of 0.66. The company has a fifty day moving average of $248.83 and a 200 day moving average of $231.62. Republic Services, Inc. has a fifty-two week low of $188.82 and a fifty-two week high of $258.75.
Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.05. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a net margin of 12.88% and a return on equity of 18.28%. Republic Services's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 EPS. On average, sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend payout ratio is currently 34.99%.
About Republic Services
(
Free Report)
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.
Further Reading
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