Republic Services, Inc. (NYSE:RSG) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 563,253 shares of the business services provider's stock after acquiring an additional 4,110 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.18% of Republic Services worth $136,397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of RSG. Golden State Wealth Management LLC grew its stake in shares of Republic Services by 3,533.3% during the 1st 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 period. New Age Alpha Advisors LLC grew its position in Republic Services by 70.2% during the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after buying an additional 73 shares during the period. Park Square Financial Group LLC purchased a new position in Republic Services in the fourth quarter valued at $44,000. Generali Asset Management SPA SGR acquired a new position in shares of Republic Services in the fourth quarter worth about $45,000. Finally, Proathlete Wealth Management LLC purchased a new stake in shares of Republic Services during the 1st quarter worth about $76,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on RSG. Melius Research upgraded Republic Services to a "hold" rating and set a $281.00 price target for the company in a research note on Monday, June 9th. CIBC raised Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 target price for the company in a research note on Tuesday, March 4th. Scotiabank lifted their price target on shares of Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 8th. Truist Financial upped their price objective 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, William Blair reaffirmed an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $252.68.

Republic Services Stock Down 0.2%

Shares of NYSE:RSG opened at $244.27 on Friday. 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 $76.34 billion, a P/E ratio of 36.84, a PEG ratio of 3.74 and a beta of 0.63. The business has a fifty day moving average of $248.90 and a two-hundred day moving average of $232.31. 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 (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 the consensus estimate of $1.53 by $0.05. The firm had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $4.08 billion. Republic Services had a net margin of 12.88% and a return on equity of 18.28%. Republic Services's revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $1.45 earnings per share. On average, research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a $0.58 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.95%. Republic Services's dividend payout ratio is currently 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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