SS&H Financial Advisors Inc. Cuts Position in Republic Services, Inc. (NYSE:RSG)

SS&H Financial Advisors Inc. trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 33.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,000 shares of the business services provider’s stock after selling 500 shares during the period. SS&H Financial Advisors Inc.’s holdings in Republic Services were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. AEGON ASSET MANAGEMENT UK Plc increased its stake in shares of Republic Services by 27.5% during the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 255,332 shares of the business services provider’s stock worth $61,880,000 after purchasing an additional 55,117 shares during the last quarter. Crestmont Private Wealth LLC bought a new position in Republic Services in the 1st quarter worth approximately $202,000. RFG Advisory LLC grew its stake in Republic Services by 2.4% in the 1st quarter. RFG Advisory LLC now owns 10,275 shares of the business services provider’s stock valued at $2,488,000 after buying an additional 239 shares in the last quarter. Merit Financial Group LLC raised its holdings in Republic Services by 9.7% during the 1st quarter. Merit Financial Group LLC now owns 2,976 shares of the business services provider’s stock valued at $721,000 after acquiring an additional 264 shares during the period. Finally, NBC Securities Inc. lifted its position in shares of Republic Services by 101,272.2% during the first quarter. NBC Securities Inc. now owns 18,247 shares of the business services provider’s stock worth $4,418,000 after acquiring an additional 18,229 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Republic Services from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Citigroup upped their target price on shares of Republic Services from $265.00 to $278.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Morgan Stanley raised their price objective on Republic Services from $230.00 to $245.00 and gave the company an “equal weight” rating in a report on Friday, April 25th. National Bank Financial raised shares of Republic Services to a “hold” rating in a research note on Monday, May 26th. Finally, Truist Financial increased their target price on shares of Republic Services from $250.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, April 22nd. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $250.44.

Republic Services Stock Down 0.5%

Shares of NYSE:RSG opened at $256.77 on Wednesday. The firm has a market capitalization of $80.24 billion, a P/E ratio of 39.56, a P/E/G ratio of 3.64 and a beta of 0.66. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The stock has a 50 day moving average price of $245.61 and a 200-day moving average price of $228.02. Republic Services, Inc. has a 52-week low of $184.50 and a 52-week high of $258.75.

Republic Services (NYSE:RSG) last issued its quarterly earnings results 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 company had revenue of $4.01 billion during 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%. Republic Services’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the company posted $1.45 EPS. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business 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. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.90%. Republic Services’s 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.