Guyasuta Investment Advisors Inc. lessened its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 1.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 336,908 shares of the business services provider's stock after selling 4,509 shares during the period. Republic Services makes up approximately 5.3% of Guyasuta Investment Advisors Inc.'s holdings, making the stock its 3rd largest holding. Guyasuta Investment Advisors Inc. owned approximately 0.11% of Republic Services worth $81,586,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Arcadia Investment Management Corp MI lifted its stake in shares of Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after acquiring an additional 88 shares during the last quarter. New Age Alpha Advisors LLC grew its position in Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after acquiring an additional 73 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in Republic Services in the fourth quarter worth $44,000. Generali Asset Management SPA SGR purchased a new stake in shares of Republic Services during the fourth quarter valued at $45,000. Finally, Proathlete Wealth Management LLC bought a new position in shares of Republic Services in the first quarter worth about $76,000. 57.73% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on RSG. Robert W. Baird lifted their price objective on shares of Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Melius started coverage on shares of Republic Services in a research note on Monday, June 9th. They set a "hold" rating for the company. BMO Capital Markets reiterated an "outperform" rating and set a $280.00 target price (up from $268.00) on shares of Republic Services in a report on Monday, June 9th. CIBC raised Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective on the stock in a research report on Tuesday, March 4th. Finally, Morgan Stanley boosted their price objective on shares of Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Republic Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $252.68.
Get Our Latest Stock Report on RSG
Republic Services Stock Performance
Shares of NYSE:RSG traded up $1.43 during trading on Monday, hitting $249.62. The stock had a trading volume of 307,410 shares, compared to its average volume of 1,247,404. 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 12-month low of $188.82 and a 12-month high of $258.75. The stock has a market capitalization of $78.01 billion, a price-to-earnings ratio of 37.65, a price-to-earnings-growth ratio of 3.80 and a beta of 0.63. The stock has a 50-day simple moving average of $248.61 and a two-hundred day simple moving average of $231.25.
Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.88% and a return on equity of 18.28%. The firm's revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.45 earnings per share. On average, equities research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.
Republic Services Announces Dividend
The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.93%. Republic Services's payout ratio is 34.99%.
About Republic Services
(
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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