Sowell Financial Services LLC acquired a new stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,074 shares of the business services provider's stock, valued at approximately $260,000.
Other hedge funds also recently bought and sold shares of the company. Arcadia Investment Management Corp MI lifted its stake in Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after buying an additional 88 shares in the last quarter. New Age Alpha Advisors LLC lifted its stake 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 in the last quarter. Park Square Financial Group LLC purchased a new stake in Republic Services during the fourth quarter valued at about $44,000. Generali Asset Management SPA SGR purchased a new stake in Republic Services during the fourth quarter valued at about $45,000. Finally, Avalon Trust Co purchased a new stake in Republic Services during the fourth quarter valued at about $80,000. 57.73% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
RSG has been the subject of a number of research analyst reports. Cibc World Mkts raised shares of Republic Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. William Blair reissued an "outperform" rating on shares of Republic Services in a research report on Friday, April 25th. JPMorgan Chase & Co. increased their price target on shares of Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Citigroup increased their price target on shares of Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $266.00 price target on shares of Republic Services in a research report on Friday, April 25th. Ten investment 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $252.68.
Check Out Our Latest Research Report on Republic Services
Republic Services Trading Down 0.1%
Shares of RSG stock opened at $248.11 on Friday. Republic Services, Inc. has a 12 month low of $188.82 and a 12 month high of $258.75. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. The business's 50 day moving average is $248.61 and its two-hundred day moving average is $231.14. The company has a market cap of $77.53 billion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 3.80 and a beta of 0.63.
Republic Services (NYSE:RSG - Get Free Report) last announced 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. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the company posted $1.45 earnings per share. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.
Republic Services Announces Dividend
The business 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 $0.58 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.94%. 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Republic Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Republic Services wasn't on the list.
While Republic Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
