McElhenny Sheffield Capital Management LLC Takes Position in Republic Services, Inc. (NYSE:RSG)

McElhenny Sheffield Capital Management LLC acquired a new position in Republic Services, Inc. (NYSE:RSG) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,156 shares of the business services provider’s stock, valued at approximately $522,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arcadia Investment Management Corp MI grew its position in shares of Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after buying an additional 88 shares in the last quarter. New Age Alpha Advisors LLC lifted its stake in Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock worth $36,000 after acquiring an additional 73 shares during the period. Park Square Financial Group LLC bought a new position in Republic Services during the 4th quarter worth about $44,000. Generali Asset Management SPA SGR purchased a new position in Republic Services during the 4th quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Republic Services in the 4th quarter valued at about $48,000. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. William Blair reiterated an “outperform” rating on shares of Republic Services in a research note on Friday, April 25th. Wall Street Zen lowered Republic Services from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Robert W. Baird increased their target price on Republic Services from $232.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, April 25th. Morgan Stanley boosted their price target on Republic Services from $230.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Friday, April 25th. Finally, National Bank Financial raised Republic Services to a “hold” rating in a research report on Monday, May 26th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $252.68.

Republic Services Stock Performance

Shares of Republic Services stock opened at $248.14 on Thursday. The firm has a market capitalization of $77.54 billion, a P/E ratio of 38.23, a PEG ratio of 3.64 and a beta of 0.63. Republic Services, Inc. has a 52 week low of $185.07 and a 52 week high of $258.75. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The company has a 50 day moving average price of $246.67 and a 200 day moving average price of $229.50.

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. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Sell-side analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services’s dividend payout ratio is presently 34.99%.

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.