Republic Services, Inc. (NYSE:RSG) Shares Purchased by Flavin Financial Services Inc.

Flavin Financial Services Inc. grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 2.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,494 shares of the business services provider’s stock after purchasing an additional 184 shares during the quarter. Republic Services accounts for 1.7% of Flavin Financial Services Inc.’s investment portfolio, making the stock its 24th biggest position. Flavin Financial Services Inc.’s holdings in Republic Services were worth $1,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after acquiring an additional 8,547 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Republic Services by 11.9% in the fourth quarter. First Horizon Advisors Inc. now owns 592 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 63 shares during the period. Howard Capital Management Inc. grew its holdings in Republic Services by 5.9% during the 4th quarter. Howard Capital Management Inc. now owns 1,231 shares of the business services provider’s stock valued at $248,000 after purchasing an additional 69 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Republic Services by 11.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,587,516 shares of the business services provider’s stock worth $319,376,000 after buying an additional 158,491 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its holdings in Republic Services by 22.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 16,013 shares of the business services provider’s stock worth $3,221,000 after buying an additional 2,904 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Trading Down 2.6%

NYSE RSG opened at $244.12 on Thursday. The firm has a market capitalization of $76.29 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 3.84 and a beta of 0.63. Republic Services, Inc. has a one year low of $188.82 and a one year high of $258.75. The company has a 50-day simple moving average of $248.84 and a 200-day simple moving average of $231.71. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.66 and a current ratio of 0.66.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate 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 return on equity of 18.28% and a net margin of 12.88%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 earnings per share. On average, equities analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a yield of 0.95%. Republic Services’s dividend payout ratio is presently 34.99%.

Analysts Set New Price Targets

RSG has been the subject of several recent analyst reports. Citigroup raised their target price on Republic Services from $265.00 to $278.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Royal Bank Of Canada restated an “outperform” rating and set a $266.00 price objective on shares of Republic Services in a research note on Friday, April 25th. Truist Financial upped their target price on Republic Services from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, April 22nd. Cibc World Mkts raised shares of Republic Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Finally, Wall Street Zen cut shares of Republic Services from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target of $252.68.

About Republic Services

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.