Revisor Wealth Management LLC Purchases New Position in Republic Services, Inc. (NYSE:RSG)

Revisor Wealth Management LLC bought a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,211 shares of the business services provider's stock, valued at approximately $293,000.

A number of other hedge funds have also added to or reduced their stakes in RSG. Norges Bank bought a new position in Republic Services in the fourth quarter valued at $553,039,000. GAMMA Investing LLC grew its position in shares of Republic Services by 39,024.4% in the 1st quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider's stock valued at $539,091,000 after acquiring an additional 2,220,487 shares during the period. Raymond James Financial Inc. bought a new position in shares of Republic Services in the 4th quarter valued at about $184,827,000. Price T Rowe Associates Inc. MD grew its position in shares of Republic Services by 10.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock valued at $1,069,836,000 after acquiring an additional 499,237 shares during the period. Finally, Alyeska Investment Group L.P. grew its position in shares of 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 acquiring an additional 368,395 shares during the period. Institutional investors own 57.73% of the company's stock.

Republic Services Price Performance

Republic Services stock traded up $3.45 during trading hours on Friday, reaching $241.14. 1,261,978 shares of the stock were exchanged, compared to its average volume of 1,141,301. 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 twelve month low of $188.82 and a twelve month high of $258.75. The company has a market cap of $75.36 billion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 3.69 and a beta of 0.61. The stock has a 50 day moving average of $248.98 and a two-hundred day moving average of $233.53.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, topping 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 firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.45 EPS. Equities analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.96%. Republic Services's dividend payout ratio (DPR) is currently 34.99%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RSG shares. Morgan Stanley lifted their price objective on shares of Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. Seaport Res Ptn raised shares of Republic Services to a "strong-buy" rating in a research report on Tuesday, May 6th. Robert W. Baird lifted their target price on shares of Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. UBS Group upped their price target on shares of Republic Services from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. Finally, Truist Financial boosted their price objective on Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Republic Services presently has an average rating of "Moderate Buy" and a consensus target price of $252.68.

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.