Money Concepts Capital Corp boosted its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 48.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,088 shares of the business services provider's stock after buying an additional 1,664 shares during the quarter. Money Concepts Capital Corp's holdings in Republic Services were worth $1,232,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. New Age Alpha Advisors LLC raised its position in shares of Republic Services by 70.2% during the 4th 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 in the last quarter. Park Square Financial Group LLC purchased a new position in Republic Services in the fourth quarter valued at approximately $44,000. Generali Asset Management SPA SGR acquired a new stake in Republic Services during the fourth quarter worth approximately $45,000. Proathlete Wealth Management LLC purchased a new stake in shares of Republic Services during the 1st quarter worth approximately $76,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of Republic Services in the 1st quarter valued at $77,000. 57.73% of the stock is owned by hedge funds and other institutional investors.
Republic Services Price Performance
Shares of NYSE:RSG traded down $0.45 on Friday, reaching $244.27. 1,895,925 shares of the company were exchanged, compared to its average volume of 1,155,350. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10. Republic Services, Inc. has a 1-year low of $188.82 and a 1-year high of $258.75. The company has a 50-day moving average of $248.90 and a 200-day moving average of $232.16. The firm has a market cap of $76.34 billion, a price-to-earnings ratio of 36.84, a price-to-earnings-growth ratio of 3.75 and a beta of 0.63.
Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.05. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a net margin of 12.88% and a return on equity of 18.28%. The company's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $1.45 EPS. Equities analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.
Republic Services Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) is presently 34.99%.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Raymond James Financial reiterated an "outperform" rating on shares of Republic Services in a research note on Wednesday, April 16th. Melius initiated coverage on Republic Services in a research report on Monday, June 9th. They set a "hold" rating on the stock. Robert W. Baird upped their target price on Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. increased their price objective on Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Ten 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $252.68.
Check Out Our Latest Report on RSG
Republic Services Company Profile
(
Free Report)
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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