Sawyer & Company Inc Sells 653 Shares of Republic Services, Inc. (NYSE:RSG)

Sawyer & Company Inc cut its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 8.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,744 shares of the business services provider’s stock after selling 653 shares during the period. Sawyer & Company Inc’s holdings in Republic Services were worth $1,633,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in RSG. Arcadia Investment Management Corp MI increased its position in Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 88 shares during the period. New Age Alpha Advisors LLC increased its position in Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 73 shares during the period. Park Square Financial Group LLC acquired a new position in Republic Services in the 4th quarter valued at approximately $44,000. Generali Asset Management SPA SGR acquired a new position in Republic Services in the 4th quarter valued at approximately $45,000. Finally, Bank of Jackson Hole Trust acquired a new position in Republic Services in the 4th quarter valued at approximately $48,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on RSG shares. Raymond James Financial reiterated an “outperform” rating on shares of Republic Services in a research report on Wednesday, April 16th. Cibc World Mkts upgraded shares of Republic Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Morgan Stanley increased their price objective on shares of Republic Services from $230.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Friday, April 25th. Seaport Res Ptn upgraded shares of Republic Services to a “strong-buy” rating in a research report on Tuesday, May 6th. Finally, Truist Financial raised their price target on shares of Republic Services from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. Ten 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. According to data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and an average price target of $252.68.

Republic Services Stock Down 0.1%

Shares of RSG opened at $248.11 on Friday. Republic Services, Inc. has a 12-month low of $188.82 and a 12-month high of $258.75. The firm has a fifty day moving average price of $248.61 and a 200-day moving average price of $231.04. The firm has a market capitalization of $77.53 billion, a P/E ratio of 37.42, a P/E/G ratio of 3.80 and a beta of 0.63. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 earnings per share. Equities research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

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