Toronto Dominion Bank Purchases 7,735 Shares of Republic Services, Inc. (NYSE:RSG)

Toronto Dominion Bank boosted its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,252 shares of the business services provider's stock after buying an additional 7,735 shares during the period. Toronto Dominion Bank's holdings in Republic Services were worth $22,784,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Republic Services during the fourth quarter valued at $553,039,000. Raymond James Financial Inc. acquired a new position in Republic Services during the fourth quarter worth about $184,827,000. Price T Rowe Associates Inc. MD grew its holdings in Republic Services by 10.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock worth $1,069,836,000 after acquiring an additional 499,237 shares during the period. Alyeska Investment Group L.P. grew its holdings in Republic Services by 170.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 584,345 shares of the business services provider's stock worth $117,559,000 after acquiring an additional 368,395 shares during the period. Finally, Balyasny Asset Management L.P. grew its holdings in Republic Services by 176.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 548,255 shares of the business services provider's stock worth $110,298,000 after acquiring an additional 350,221 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Performance

Shares of RSG traded up $0.02 during mid-day trading on Wednesday, reaching $252.21. The company's stock had a trading volume of 1,134,040 shares, compared to its average volume of 1,119,471. The stock has a market cap of $78.82 billion, a P/E ratio of 38.86, a PEG ratio of 3.64 and a beta of 0.66. The business has a 50-day simple moving average of $242.25 and a two-hundred day simple moving average of $225.03. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 1-year low of $180.92 and a 1-year high of $253.54.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating 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 return on equity of 18.28% and a net margin of 12.74%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 EPS. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share 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 paid a $0.58 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.92%. Republic Services's payout ratio is 34.99%.

Wall Street Analyst Weigh In

RSG has been the subject of a number of recent analyst reports. BMO Capital Markets increased their price target on Republic Services from $260.00 to $268.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. CIBC upgraded Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price target for the company in a research report on Tuesday, March 4th. Truist Financial increased their price target on Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Royal Bank of Canada restated an "outperform" rating and set a $266.00 price objective on shares of Republic Services in a research report on Friday, April 25th. Finally, Citigroup raised their price objective on Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $249.00.

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.