2,000 Shares in Republic Services, Inc. (NYSE:RSG) Bought by Corient IA LLC

Corient IA LLC acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 1st quarter, Holdings Channel.com reports. The firm acquired 2,000 shares of the business services provider’s stock, valued at approximately $484,000.

Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its stake in Republic Services by 3,533.3% during the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock worth $26,000 after buying an additional 106 shares during the period. Key Financial Inc raised its stake in Republic Services by 380.8% during the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock worth $30,000 after buying an additional 99 shares during the period. TCTC Holdings LLC raised its stake in Republic Services by 113.8% during the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock worth $30,000 after buying an additional 66 shares during the period. Park Square Financial Group LLC acquired a new stake in Republic Services during the 4th quarter worth $44,000. Finally, Cheviot Value Management LLC acquired a new stake in Republic Services during the 1st quarter worth $49,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on RSG shares. William Blair reissued an “outperform” rating on shares of Republic Services in a research note on Friday, April 25th. Oppenheimer lifted their price target on Republic Services from $262.00 to $268.00 and gave the company an “outperform” rating in a research note on Wednesday, July 9th. Melius Research raised Republic Services to a “hold” rating and set a $281.00 price target on the stock in a research note on Monday, June 9th. Melius started coverage on Republic Services in a research note on Monday, June 9th. They issued a “hold” rating on the stock. Finally, Truist Financial lifted their price target on Republic Services from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, April 22nd. Nine equities 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 stock. According to data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and an average target price of $262.17.

Republic Services Trading Up 0.2%

Republic Services stock opened at $232.88 on Friday. Republic Services, Inc. has a 52 week low of $197.60 and a 52 week high of $258.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market capitalization of $72.71 billion, a P/E ratio of 34.45, a PEG ratio of 3.63 and a beta of 0.60. The stock has a 50-day simple moving average of $241.62 and a 200 day simple moving average of $240.00.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. Republic Services had a return on equity of 18.27% and a net margin of 12.97%. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. Analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.625 per share. This is a boost from Republic Services’s previous quarterly dividend of $0.58. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, October 2nd. Republic Services’s dividend payout ratio is presently 34.32%.

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.