UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 108,414 Shares of Republic Services, Inc. (NYSE:RSG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 8.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,378,638 shares of the business services provider's stock after buying an additional 108,414 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.44% of Republic Services worth $277,354,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RSG. Silvercrest Asset Management Group LLC lifted its holdings in Republic Services by 0.5% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider's stock worth $1,740,000 after purchasing an additional 46 shares during the last quarter. McGlone Suttner Wealth Management Inc. raised its position in shares of Republic Services by 2.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider's stock valued at $445,000 after purchasing an additional 48 shares during the period. FORA Capital LLC lifted its stake in shares of Republic Services by 0.7% in the fourth quarter. FORA Capital LLC now owns 7,659 shares of the business services provider's stock worth $1,541,000 after buying an additional 50 shares during the last quarter. Tower Wealth Partners Inc. boosted its holdings in shares of Republic Services by 3.3% during the 4th quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider's stock worth $341,000 after buying an additional 54 shares during the period. Finally, Umpqua Bank raised its holdings in Republic Services by 3.2% in the 4th quarter. Umpqua Bank now owns 1,808 shares of the business services provider's stock worth $374,000 after acquiring an additional 56 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RSG shares. Truist Financial upped their price target on shares of Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. BMO Capital Markets increased their target price on Republic Services from $260.00 to $268.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Cibc World Mkts raised Republic Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Argus set a $260.00 price objective on Republic Services in a research report on Tuesday, February 18th. Finally, Robert W. Baird raised their price objective on shares of Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $249.00.

Republic Services Stock Performance

NYSE RSG opened at $252.21 on Thursday. 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 company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $253.54. The company's 50-day simple moving average is $242.25 and its 200 day simple moving average is $225.03.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.05. The business 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%. Republic Services's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 EPS. As a group, research 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) is currently 34.99%.

Republic Services 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.

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