Crossmark Global Holdings Inc. Raises Stake in Republic Services, Inc. (NYSE:RSG)

Crossmark Global Holdings Inc. increased its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 40.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,087 shares of the business services provider's stock after acquiring an additional 6,043 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Republic Services were worth $5,106,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RSG. Fullcircle Wealth LLC increased its holdings in Republic Services by 5.4% in the 1st quarter. Fullcircle Wealth LLC now owns 1,012 shares of the business services provider's stock worth $249,000 after buying an additional 52 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new position in Republic Services in the 1st quarter valued at $211,000. Penserra Capital Management LLC lifted its holdings in Republic Services by 721.5% in the 1st quarter. Penserra Capital Management LLC now owns 4,461 shares of the business services provider's stock valued at $1,079,000 after purchasing an additional 3,918 shares in the last quarter. McGlone Suttner Wealth Management Inc. raised its holdings in shares of Republic Services by 5.7% during the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 2,339 shares of the business services provider's stock worth $567,000 after acquiring an additional 126 shares during the period. Finally, Sonata Capital Group Inc. acquired a new stake in shares of Republic Services during the 1st quarter worth about $225,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Trading Down 1.4%

Republic Services stock opened at $239.13 on Wednesday. The stock has a market cap of $74.73 billion, a P/E ratio of 36.07, a PEG ratio of 3.72 and a beta of 0.61. Republic Services, Inc. has a fifty-two week low of $188.82 and a fifty-two week high of $258.75. The firm's fifty day moving average price is $248.73 and its 200-day moving average price is $234.04. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.66 and a current ratio of 0.66.

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

Republic Services Announces Dividend

The firm 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. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.97%. Republic Services's payout ratio is currently 34.99%.

Analyst Upgrades and Downgrades

RSG has been the subject of several recent research reports. Wall Street Zen cut Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Melius started coverage on Republic Services in a report on Monday, June 9th. They set a "hold" rating on the stock. Citigroup raised their price target on Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. BMO Capital Markets reiterated an "outperform" rating and set a $280.00 price objective (up previously from $268.00) on shares of Republic Services in a research report on Monday, June 9th. Finally, UBS Group lifted their price objective on Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $252.68.

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.

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