D.A. Davidson & CO. Grows Stock Position in Republic Services, Inc. (NYSE:RSG)

D.A. Davidson & CO. raised its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,767 shares of the business services provider's stock after acquiring an additional 1,540 shares during the period. D.A. Davidson & CO.'s holdings in Republic Services were worth $3,576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Republic Services by 0.8% in 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 purchasing an additional 144,719 shares during the period. Pictet Asset Management Holding SA lifted its stake in shares of Republic Services by 3.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock valued at $1,259,855,000 after purchasing an additional 218,729 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Republic Services by 10.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock valued at $1,069,836,000 after purchasing an additional 499,237 shares during the period. Geode Capital Management LLC increased its holdings in Republic Services by 1.3% in 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 acquiring an additional 57,616 shares in the last quarter. Finally, Norges Bank purchased a new stake in Republic Services in the 4th quarter worth $553,039,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on RSG. Truist Financial increased their target price on shares of Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. BMO Capital Markets reissued an "outperform" rating and issued a $280.00 price objective (up previously from $268.00) on shares of Republic Services in a research note on Monday, June 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $266.00 target price on shares of Republic Services in a report on Friday, April 25th. Raymond James Financial restated an "outperform" rating on shares of Republic Services in a research report on Wednesday, April 16th. Finally, National Bank Financial upgraded shares of Republic Services to a "hold" rating in a research report on Monday, May 26th. Ten research 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. According to data from MarketBeat.com, Republic Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $252.68.

Republic Services Stock Performance

RSG traded down $3.35 during trading on Tuesday, hitting $239.13. The stock had a trading volume of 1,893,460 shares, compared to its average volume of 1,144,740. 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 firm has a market capitalization of $74.73 billion, a P/E ratio of 36.07, a PEG ratio of 3.72 and a beta of 0.61. The company's 50-day moving average price is $248.90 and its 200 day moving average price is $234.00. Republic Services, Inc. has a twelve month low of $188.82 and a twelve month high of $258.75.

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

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.97%. Republic Services's payout ratio is currently 34.99%.

Republic Services 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.