Republic Services, Inc. (NYSE:RSG) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 17.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,254 shares of the business services provider's stock after purchasing an additional 1,637 shares during the period. Oppenheimer & Co. Inc.'s holdings in Republic Services were worth $2,725,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Versant Capital Management Inc increased its position in shares of Republic Services by 0.4% during the first quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider's stock worth $2,415,000 after purchasing an additional 44 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of Republic Services by 0.5% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider's stock valued at $1,740,000 after acquiring an additional 46 shares during the period. Elevation Point Wealth Partners LLC increased its position in shares of Republic Services by 4.2% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider's stock valued at $279,000 after acquiring an additional 46 shares during the period. FORA Capital LLC increased its position in shares of Republic Services by 0.7% in the 4th quarter. FORA Capital LLC now owns 7,659 shares of the business services provider's stock valued at $1,541,000 after acquiring an additional 50 shares during the period. Finally, Rothschild Investment LLC increased its position in shares of Republic Services by 9.3% in the 1st quarter. Rothschild Investment LLC now owns 599 shares of the business services provider's stock valued at $145,000 after acquiring an additional 51 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. National Bank Financial raised Republic Services to a "hold" rating in a research report on Monday, May 26th. Melius assumed coverage on Republic Services in a research report on Monday, June 9th. They issued a "hold" rating on the stock. Morgan Stanley upped their target price on Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. Truist Financial upped their target price on Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $266.00 target price on shares of Republic Services in a research report on Friday, April 25th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $252.68.

Republic Services Trading Up 0.5%

RSG stock opened at $245.03 on Friday. The company's 50-day simple moving average is $248.88 and its 200-day simple moving average is $231.94. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. Republic Services, Inc. has a 52-week low of $188.82 and a 52-week high of $258.75. The firm has a market cap of $76.57 billion, a P/E ratio of 36.96, a PEG ratio of 3.74 and a beta of 0.63.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (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 business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the company posted $1.45 EPS. The company's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal 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 paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Wednesday, July 2nd. Republic Services's dividend payout ratio is presently 34.99%.

Republic Services Company 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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