Republic Services, Inc. (NYSE:RSG) Shares Sold by Brighton Jones LLC

Brighton Jones LLC reduced its position in shares of Republic Services, Inc. (NYSE:RSG) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,483 shares of the business services provider’s stock after selling 339 shares during the period. Brighton Jones LLC’s holdings in Republic Services were worth $4,718,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RSG. Union Bancaire Privee UBP SA purchased a new position in Republic Services in the 4th quarter worth about $30,676,000. Vontobel Holding Ltd. increased its stake in Republic Services by 1.9% in the 4th quarter. Vontobel Holding Ltd. now owns 46,617 shares of the business services provider’s stock worth $9,378,000 after purchasing an additional 856 shares in the last quarter. Root Financial Partners LLC purchased a new position in Republic Services in the 4th quarter worth about $202,000. Compagnie Lombard Odier SCmA increased its stake in Republic Services by 46.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 585 shares of the business services provider’s stock worth $118,000 after purchasing an additional 185 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its stake in Republic Services by 4.2% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 3,770 shares of the business services provider’s stock worth $758,000 after purchasing an additional 151 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on RSG. Cibc World Mkts raised Republic Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Truist Financial lifted their target price on Republic Services from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, April 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $266.00 target price on shares of Republic Services in a research note on Friday, April 25th. Scotiabank boosted their price target on Republic Services from $233.00 to $250.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 8th. Finally, National Bank Financial raised Republic Services to a “hold” rating in a research note on Monday, May 26th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $252.68.

Republic Services Stock Down 0.4%

RSG opened at $250.75 on Friday. The business has a 50 day moving average price of $247.56 and a 200 day moving average price of $230.03. Republic Services, Inc. has a twelve month low of $188.14 and a twelve month high of $258.75. 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 firm has a market cap of $78.36 billion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 3.64 and a beta of 0.63.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the company earned $1.45 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. Research analysts forecast that Republic Services, Inc. will post 6.86 EPS 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. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.93%. Republic Services’s dividend payout ratio (DPR) 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.