Heartland Bank & Trust Co Has $532,000 Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Heartland Bank & Trust Co grew its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 109.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,195 shares of the business services provider's stock after acquiring an additional 1,147 shares during the quarter. Heartland Bank & Trust Co's holdings in Republic Services were worth $532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Arcadia Investment Management Corp MI lifted its holdings in Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after purchasing an additional 88 shares during the period. New Age Alpha Advisors LLC raised its position in shares of Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock worth $36,000 after buying an additional 73 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Republic Services in the 4th quarter worth approximately $44,000. Generali Asset Management SPA SGR acquired a new position in shares of Republic Services during the fourth quarter valued at approximately $45,000. Finally, Proathlete Wealth Management LLC bought a new stake in Republic Services during the first quarter worth approximately $76,000. Institutional investors own 57.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RSG shares. JPMorgan Chase & Co. increased their price target on Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Truist Financial raised their target price on Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Raymond James Financial reiterated an "outperform" rating on shares of Republic Services in a research report on Wednesday, April 16th. Melius Research upgraded shares of Republic Services to a "hold" rating and set a $281.00 price objective for the company in a research report on Monday, June 9th. Finally, Melius initiated coverage on shares of Republic Services in a report on Monday, June 9th. They issued a "hold" rating on the stock. Ten equities research 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $252.68.

Republic Services Stock Down 2.6%

NYSE:RSG traded down $6.63 during trading hours on Wednesday, hitting $244.12. 1,539,205 shares of the stock traded hands, compared to its average volume of 1,149,729. The firm has a 50 day moving average price of $248.83 and a 200 day moving average price of $231.62. The firm has a market cap of $76.29 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 3.84 and a beta of 0.63. Republic Services, Inc. has a fifty-two week low of $188.82 and a fifty-two week 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.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating 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 firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the firm earned $1.45 earnings per share. Republic Services's quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend payout ratio is currently 34.99%.

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.