J.W. Cole Advisors Inc. Increases Position in Republic Services, Inc. (NYSE:RSG)

J.W. Cole Advisors Inc. grew its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 179.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,974 shares of the business services provider's stock after purchasing an additional 3,839 shares during the period. J.W. Cole Advisors Inc.'s holdings in Republic Services were worth $1,447,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Republic Services by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock worth $3,740,083,000 after acquiring an additional 144,719 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in Republic Services by 3.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock worth $1,259,855,000 after acquiring an additional 218,729 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Republic Services by 10.4% during the fourth 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 acquiring an additional 499,237 shares in the last quarter. Geode Capital Management LLC boosted its stake in Republic Services by 1.3% during the fourth 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 bought a new stake in Republic Services during the fourth quarter worth about $553,039,000. Institutional investors own 57.73% of the company's stock.

Analysts Set New Price Targets

RSG has been the topic of several analyst reports. Melius initiated coverage on shares of Republic Services in a research note on Monday, June 9th. They issued a "hold" rating on the stock. Citigroup increased their price objective on shares of Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Truist Financial increased their price objective 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. National Bank Financial upgraded shares of Republic Services to a "hold" rating in a research report on Monday, May 26th. Finally, Seaport Res Ptn upgraded shares of Republic Services to a "strong-buy" rating in a research report on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.16.

Republic Services Stock Down 0.0%

Shares of RSG stock traded down $0.08 on Friday, hitting $245.03. 445,662 shares of the stock were exchanged, compared to its average volume of 1,276,806. Republic Services, Inc. has a fifty-two week low of $188.82 and a fifty-two week high of $258.75. The firm has a market capitalization of $76.57 billion, a P/E ratio of 36.97, a price-to-earnings-growth ratio of 3.69 and a beta of 0.61. 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 business has a 50-day moving average of $247.41 and a 200 day moving average of $237.09.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 earnings per share. Equities analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

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.