Lee Danner & Bass Inc. Has $13.76 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Lee Danner & Bass Inc. trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 4.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,814 shares of the business services provider's stock after selling 2,386 shares during the period. Republic Services comprises approximately 1.1% of Lee Danner & Bass Inc.'s investment portfolio, making the stock its 22nd biggest position. Lee Danner & Bass Inc.'s holdings in Republic Services were worth $13,758,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in RSG. Norges Bank purchased a new stake in shares of Republic Services in the 4th quarter valued at approximately $553,039,000. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 2,220,487 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Republic Services during the 4th quarter worth $184,827,000. Price T Rowe Associates Inc. MD increased its stake in shares of 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 purchasing an additional 499,237 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its stake in Republic Services by 170.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 584,345 shares of the business services provider's stock valued at $117,559,000 after buying an additional 368,395 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RSG has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. National Bank Financial upgraded shares of Republic Services to a "hold" rating in a research report on Monday, May 26th. JPMorgan Chase & Co. raised their price target on shares of Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Truist Financial raised their price target on shares of Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Finally, Melius Research raised shares of Republic Services to a "hold" rating and set a $281.00 price objective for the company in a report on Monday, June 9th. Ten investment 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $255.21.

Republic Services Price Performance

Shares of NYSE RSG traded up $1.27 during trading on Wednesday, reaching $240.58. The company had a trading volume of 1,386,916 shares, compared to its average volume of 1,276,599. Republic Services, Inc. has a 52 week low of $188.82 and a 52 week high of $258.75. The stock has a market cap of $75.18 billion, a PE ratio of 36.29, a PEG ratio of 3.72 and a beta of 0.61. 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 business's 50 day moving average price is $248.73 and its 200-day moving average price is $234.04.

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

Republic Services Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend 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.