Cerity Partners LLC Has $8.81 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Cerity Partners LLC grew its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 23.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 36,383 shares of the business services provider's stock after acquiring an additional 6,952 shares during the quarter. Cerity Partners LLC's holdings in Republic Services were worth $8,810,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Republic Services by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock valued at $3,740,083,000 after acquiring an additional 144,719 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of 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 buying an additional 218,729 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of 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 worth $1,069,836,000 after buying an additional 499,237 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Republic Services by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,565,137 shares of the business services provider's stock worth $918,045,000 after buying an additional 57,616 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Republic Services during the 4th quarter worth $553,039,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Trading Up 0.2%

NYSE RSG traded up $0.56 during trading hours on Friday, hitting $240.73. 620,546 shares of the company's stock were exchanged, compared to its average volume of 1,156,279. The stock has a 50-day simple moving average of $247.43 and a 200 day simple moving average of $235.67. Republic Services, Inc. has a 1-year low of $188.82 and a 1-year high of $258.75. The firm has a market cap of $75.23 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 3.65 and a beta of 0.61. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10.

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

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd were paid a $0.58 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.96%. Republic Services's dividend payout ratio (DPR) is presently 34.99%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RSG. Truist Financial upped their price objective on Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their target price on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Robert W. Baird upped their target price on Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. UBS Group upped their target price on Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Finally, Melius initiated coverage on Republic Services in a report on Monday, June 9th. They issued a "hold" rating for the company. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $255.74.

Republic Services Company 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.