Republic Services, Inc. (NYSE:RSG) Shares Bought by PFG Investments LLC

PFG Investments LLC grew its position in Republic Services, Inc. (NYSE:RSG) by 57.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 3,271 shares of the business services provider’s stock after acquiring an additional 1,193 shares during the period. PFG Investments LLC’s holdings in Republic Services were worth $626,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Schechter Investment Advisors LLC grew its stake in shares of Republic Services by 19.4% in the third quarter. Schechter Investment Advisors LLC now owns 2,791 shares of the business services provider’s stock valued at $398,000 after buying an additional 453 shares in the last quarter. abrdn plc grew its stake in Republic Services by 64.1% during the 4th quarter. abrdn plc now owns 96,531 shares of the business services provider’s stock worth $15,919,000 after purchasing an additional 37,690 shares in the last quarter. First Financial Corp IN grew its stake in Republic Services by 4.7% during the 4th quarter. First Financial Corp IN now owns 2,858 shares of the business services provider’s stock worth $471,000 after purchasing an additional 128 shares in the last quarter. SG Americas Securities LLC grew its stake in Republic Services by 217.7% during the 4th quarter. SG Americas Securities LLC now owns 76,038 shares of the business services provider’s stock worth $12,539,000 after purchasing an additional 52,104 shares in the last quarter. Finally, Robeco Schweiz AG grew its stake in Republic Services by 65.9% during the 3rd quarter. Robeco Schweiz AG now owns 34,500 shares of the business services provider’s stock worth $4,917,000 after purchasing an additional 13,700 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on RSG. Scotiabank began coverage on Republic Services in a research note on Monday, April 8th. They set a “sector perform” rating and a $211.00 target price for the company. Citigroup boosted their target price on Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. UBS Group cut Republic Services from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $175.00 to $195.00 in a research note on Thursday, February 29th. Jefferies Financial Group increased their price objective on Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Wells Fargo & Company increased their price objective on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.77.

Insiders Place Their Bets

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the sale, the chief executive officer now directly owns 85,113 shares of the company’s stock, valued at approximately $15,669,303.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by insiders.

Republic Services Stock Performance

Shares of NYSE RSG traded up $1.49 during trading hours on Monday, reaching $193.41. The stock had a trading volume of 1,139,438 shares, compared to its average volume of 1,213,075. The firm has a market cap of $60.92 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 3.36 and a beta of 0.68. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. Republic Services, Inc. has a fifty-two week low of $140.07 and a fifty-two week high of $193.82. The firm has a 50-day moving average of $187.62 and a 200-day moving average of $171.16.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.13. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 EPS. Equities research analysts predict that Republic Services, Inc. will post 6.01 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be given a dividend of $0.535 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a yield of 1.11%. Republic Services’s payout ratio is 39.12%.

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.