Crossmark Global Holdings Inc. Grows Position in Republic Services, Inc. (NYSE:RSG)

Crossmark Global Holdings Inc. lifted its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 40.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,087 shares of the business services provider's stock after purchasing 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.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised 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 worth $3,988,000 after buying an additional 8,547 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Republic Services during the 4th quarter worth approximately $30,230,000. Candriam S.C.A. increased its holdings in shares of Republic Services by 229.7% during the 4th quarter. Candriam S.C.A. now owns 3,402 shares of the business services provider's stock valued at $684,000 after purchasing an additional 2,370 shares in the last quarter. Personal CFO Solutions LLC purchased a new position in shares of Republic Services during the 4th quarter valued at approximately $204,000. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Republic Services by 6.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 28,124 shares of the business services provider's stock valued at $5,658,000 after purchasing an additional 1,814 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Trading Up 0.5%

NYSE RSG traded up $1.15 during trading hours on Friday, reaching $241.24. The company had a trading volume of 1,768,355 shares, compared to its average volume of 1,154,194. The stock has a 50-day moving average of $248.14 and a 200 day moving average of $234.81. Republic Services, Inc. has a 1-year low of $188.82 and a 1-year high of $258.75. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $75.39 billion, a P/E ratio of 36.39, a price-to-earnings-growth ratio of 3.69 and a beta of 0.61.

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

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is 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%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. lifted their target price 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. Seaport Res Ptn raised shares of Republic Services to a "strong-buy" rating in a report on Tuesday, May 6th. Raymond James Financial reissued an "outperform" rating on shares of Republic Services in a research note on Wednesday, April 16th. Finally, Melius initiated coverage on shares of Republic Services in a report on Monday, June 9th. They issued a "hold" rating for the company. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Republic Services presently has an average rating of "Moderate Buy" and a consensus price target of $255.21.

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.