RFG Advisory LLC Acquires 239 Shares of Republic Services, Inc. (NYSE:RSG)

RFG Advisory LLC grew its holdings in Republic Services, Inc. (NYSE:RSG) by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,275 shares of the business services provider’s stock after acquiring an additional 239 shares during the quarter. RFG Advisory LLC’s holdings in Republic Services were worth $2,488,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Versant Capital Management Inc boosted its stake in Republic Services by 0.4% in the 1st quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider’s stock worth $2,415,000 after purchasing an additional 44 shares during the period. Silvercrest Asset Management Group LLC lifted its holdings in shares of Republic Services by 0.5% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider’s stock valued at $1,740,000 after purchasing an additional 46 shares in the last quarter. FORA Capital LLC boosted its position in shares of Republic Services by 0.7% during 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 period. Rothschild Investment LLC grew its holdings in shares of Republic Services by 9.3% during the first quarter. Rothschild Investment LLC now owns 599 shares of the business services provider’s stock worth $145,000 after buying an additional 51 shares in the last quarter. Finally, Tower Wealth Partners Inc. raised its position in Republic Services by 3.3% in the 4th quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider’s stock valued at $341,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Down 0.5%

Shares of Republic Services stock opened at $256.77 on Wednesday. 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 12-month low of $184.50 and a 12-month high of $258.75. The company has a market capitalization of $80.24 billion, a price-to-earnings ratio of 39.56, a PEG ratio of 3.64 and a beta of 0.66. The firm’s 50-day moving average price is $245.61 and its two-hundred day moving average price is $228.02.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $1.45 earnings per share. On average, analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company 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. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Wednesday, July 2nd. Republic Services’s payout ratio is 34.99%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RSG. Raymond James reaffirmed an “outperform” rating on shares of Republic Services in a research report on Wednesday, April 16th. BMO Capital Markets increased their target price on shares of Republic Services from $260.00 to $268.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. Truist Financial lifted their price target on shares of Republic Services from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, April 22nd. William Blair reissued an “outperform” rating on shares of Republic Services in a research report on Friday, April 25th. Finally, The Goldman Sachs Group raised their price objective on Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Eight equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $250.44.

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.