IFM Investors Pty Ltd Boosts Stake in Republic Services, Inc. (NYSE:RSG)

IFM Investors Pty Ltd lifted its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,117 shares of the business services provider's stock after purchasing an additional 2,435 shares during the quarter. IFM Investors Pty Ltd's holdings in Republic Services were worth $9,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC raised its stake in shares of Republic Services by 3,533.3% in the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock worth $26,000 after purchasing an additional 106 shares during the last quarter. New Age Alpha Advisors LLC grew its holdings in shares of Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock worth $36,000 after acquiring an additional 73 shares during the period. Park Square Financial Group LLC bought a new stake in shares of Republic Services in the fourth quarter worth $44,000. Generali Asset Management SPA SGR bought a new stake in shares of Republic Services in the fourth quarter worth $45,000. Finally, Proathlete Wealth Management LLC bought a new stake in shares of Republic Services in the first quarter worth $76,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen lowered Republic Services from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Scotiabank lifted their price objective on Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. JPMorgan Chase & Co. boosted their price target on Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Finally, Truist Financial boosted their price target on Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Ten 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $252.68.

Republic Services Stock Performance

NYSE RSG opened at $241.14 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66. Republic Services, Inc. has a 1-year low of $188.82 and a 1-year high of $258.75. The business has a 50 day simple moving average of $248.98 and a two-hundred day simple moving average of $233.32. The stock has a market capitalization of $75.36 billion, a PE ratio of 36.37, a P/E/G ratio of 3.69 and a beta of 0.61.

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

Republic Services Dividend Announcement

The company 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. This represents a $2.32 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Wednesday, July 2nd. Republic Services's payout ratio is 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.

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