Heartland Bank & Trust Co Purchases 1,147 Shares of Republic Services, Inc. (NYSE:RSG)

Heartland Bank & Trust Co boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 109.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,195 shares of the business services provider’s stock after acquiring an additional 1,147 shares during the period. Heartland Bank & Trust Co’s holdings in Republic Services were worth $532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DnB Asset Management AS raised its stake in Republic Services by 65.1% during the 4th quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider’s stock worth $14,672,000 after acquiring an additional 28,764 shares during the period. Hickory Point Bank & Trust bought a new stake in Republic Services during the 4th quarter worth approximately $790,000. Uniting Wealth Partners LLC bought a new stake in shares of Republic Services during the fourth quarter valued at approximately $266,000. BNP Paribas Financial Markets raised its position in shares of Republic Services by 3.4% during the fourth quarter. BNP Paribas Financial Markets now owns 435,835 shares of the business services provider’s stock valued at $87,681,000 after buying an additional 14,273 shares during the last quarter. Finally, National Pension Service raised its position in shares of Republic Services by 3.5% during the fourth quarter. National Pension Service now owns 329,757 shares of the business services provider’s stock valued at $66,341,000 after buying an additional 11,128 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Down 0.1%

NYSE RSG opened at $248.11 on Friday. 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 company has a fifty day moving average of $248.61 and a two-hundred day moving average of $231.14. The firm has a market capitalization of $77.53 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 3.80 and a beta of 0.63. Republic Services, Inc. has a 52 week low of $188.82 and a 52 week high of $258.75.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.53 by $0.05. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.88% and a return on equity of 18.28%. Republic Services’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 earnings per share. On average, analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services’s payout ratio is 34.99%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RSG. Seaport Res Ptn upgraded shares of Republic Services to a “strong-buy” rating in a research report on Tuesday, May 6th. Truist Financial lifted their price objective on shares of Republic Services from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, April 22nd. Raymond James Financial reiterated an “outperform” rating on shares of Republic Services in a research report on Wednesday, April 16th. UBS Group lifted their price objective on shares of Republic Services from $240.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, April 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $266.00 price objective on shares of Republic Services in a research report on Friday, April 25th. Ten research 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. Based on data from MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.68.

About Republic Services

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.