Heartland Bank & Trust Co grew its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 109.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,195 shares of the business services provider's stock after purchasing an additional 1,147 shares during the quarter. Heartland Bank & Trust Co's holdings in Republic Services were worth $532,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of RSG. Norges Bank acquired a new stake in shares of Republic Services in the 4th quarter valued at approximately $553,039,000. GAMMA Investing LLC raised its holdings in Republic Services by 39,024.4% during the 1st quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider's stock worth $539,091,000 after buying an additional 2,220,487 shares during the period. Raymond James Financial Inc. acquired a new stake in Republic Services during the 4th quarter worth approximately $184,827,000. Price T Rowe Associates Inc. MD raised its holdings in 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 period. Finally, Alyeska Investment Group L.P. raised its holdings in Republic Services by 170.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 584,345 shares of the business services provider's stock worth $117,559,000 after buying an additional 368,395 shares during the period. Institutional investors own 57.73% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have commented on RSG. Truist Financial raised their target price on shares of Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. CIBC upgraded shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 target price on the stock in a report on Tuesday, March 4th. Cibc World Mkts upgraded shares of Republic Services from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Seaport Res Ptn upgraded shares of Republic Services to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Republic Services in a report on Wednesday, April 16th. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Republic Services has a consensus rating of "Moderate Buy" and a consensus price target of $252.68.
Check Out Our Latest Research Report on RSG
Republic Services Stock Down 0.1%
Shares of NYSE:RSG traded down $0.17 during midday trading on Friday, hitting $248.11. The stock had a trading volume of 1,442,229 shares, compared to its average volume of 1,145,336. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. The business's 50-day simple moving average is $248.61 and its 200-day simple moving average is $231.14. Republic Services, Inc. has a 12 month low of $188.82 and a 12 month high of $258.75. The company has a market cap of $77.53 billion, a P/E ratio of 37.42, a PEG ratio of 3.80 and a beta of 0.63.
Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, topping 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 firm had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same period in the previous year, the business posted $1.45 earnings per share. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, sell-side analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.
Republic Services Announces Dividend
The business also recently disclosed 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 of this dividend is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.94%. Republic Services's dividend payout ratio (DPR) is 34.99%.
Republic Services Company Profile
(
Free Report)
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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