Buffington Mohr McNeal Sells 6,559 Shares of Republic Services, Inc. (NYSE:RSG)

Buffington Mohr McNeal trimmed its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 15.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,275 shares of the business services provider's stock after selling 6,559 shares during the period. Republic Services comprises approximately 1.7% of Buffington Mohr McNeal's investment portfolio, making the stock its 23rd biggest position. Buffington Mohr McNeal's holdings in Republic Services were worth $8,542,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider's stock valued at $3,988,000 after purchasing an additional 8,547 shares during the period. Fisher Asset Management LLC boosted its position in shares of Republic Services by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 8,224 shares of the business services provider's stock valued at $1,655,000 after purchasing an additional 238 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Republic Services by 34.6% during the 4th quarter. Jones Financial Companies Lllp now owns 5,100 shares of the business services provider's stock worth $1,026,000 after buying an additional 1,310 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Republic Services in the fourth quarter worth $240,000. Finally, Fidelis Capital Partners LLC increased its stake in Republic Services by 3.9% in the fourth quarter. Fidelis Capital Partners LLC now owns 1,579 shares of the business services provider's stock valued at $349,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 57.73% of the company's stock.

Wall Street Analysts Forecast Growth

RSG has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. UBS Group raised their price objective on Republic Services from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. BMO Capital Markets reaffirmed an "outperform" rating and set a $280.00 target price (up from $268.00) on shares of Republic Services in a research report on Monday, June 9th. Truist Financial boosted their price target on shares of Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $266.00 price objective on shares of Republic Services in a report on Friday, April 25th. Ten investment 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 company's stock. Based on data from MarketBeat, Republic Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $252.68.

Republic Services Stock Performance

Shares of RSG traded up $3.45 during trading hours on Friday, hitting $241.14. The company's stock had a trading volume of 1,261,978 shares, compared to its average volume of 1,145,699. The company has a market cap of $75.36 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 3.64 and a beta of 0.61. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66. The business has a 50 day simple moving average of $249.04 and a two-hundred day simple moving average of $233.07. Republic Services, Inc. has a 52-week low of $188.82 and a 52-week high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.05. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The business's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.45 earnings per share. On average, equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's payout ratio is 34.99%.

About Republic Services

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.